Comments on: US April Coin Production: New 2012 Presidential Dollars and Quarter Mintages

By: jim

jim — Fri, 18 May 2012 17:16:38 +0000

140 million coin collectors? We’ve barely got 300 million population and you think half are coin collectors? Why then are less than 3 million proof sets sold a year? One of the cheapest sets to buy (if you want all the coins in one shot and in collector condition) and only 2% are buying them? And many buy more than just one set, especially dealers. So 140 million – no I don’t think so; probably closer to 1 million coin collectors or less.

I still don’t see why the mint has to create 2+ billion pennies every year.

By: RonnieBGood

RonnieBGood — Wed, 16 May 2012 19:09:34 +0000

Some of the pennies end up on bedroom nightstands. Some in large jars on kitchen countertops. Rolls are stored in Banks and cash registers across the country. Some are chucked across the parking lots of strip malls. In addition if the 140 million or so Coin Collectors in the US. take home a roll or two from each of the “P” and “D” mints and before you know it… 2B pennies are accounted for!

By: jim

jim — Tue, 15 May 2012 15:23:39 +0000

Look at all those pennies. One has to think that with such a demand there’s no way the mint can eliminate production of the coin. But with such large mintages where do they all go, year after year?