<?xml version="1.0" encoding="UTF-8"?><rss version="2.0"
	xmlns:content="http://purl.org/rss/1.0/modules/content/"
	xmlns:dc="http://purl.org/dc/elements/1.1/"
	xmlns:atom="http://www.w3.org/2005/Atom"
	xmlns:sy="http://purl.org/rss/1.0/modules/syndication/"
	
	>
<channel>
	<title>
	Comments on: US Mint Coin Production in July Tops 1.6 Billion	</title>
	<atom:link href="https://www.coinnews.net/2015/08/19/us-mint-coin-production-in-july-tops-1-6-billion/feed/" rel="self" type="application/rss+xml" />
	<link>https://www.coinnews.net/2015/08/19/us-mint-coin-production-in-july-tops-1-6-billion/</link>
	<description>CoinNews delivers the latest World and US coin news</description>
	<lastBuildDate>Fri, 21 Aug 2015 15:28:14 +0000</lastBuildDate>
	<sy:updatePeriod>
	hourly	</sy:updatePeriod>
	<sy:updateFrequency>
	1	</sy:updateFrequency>
	<generator>https://wordpress.org/?v=7.0</generator>
	<item>
		<title>
		By: Munzen		</title>
		<link>https://www.coinnews.net/2015/08/19/us-mint-coin-production-in-july-tops-1-6-billion/#comment-137792</link>

		<dc:creator><![CDATA[Munzen]]></dc:creator>
		<pubDate>Fri, 21 Aug 2015 15:28:14 +0000</pubDate>
		<guid isPermaLink="false">http://www.coinnews.net/?p=53461#comment-137792</guid>

					<description><![CDATA[In response to R. L. Anderson:
First let me thank you for your service.to our country!  

As both a collector and someone with a family member who has impaired vision I understand your questions.  Unfortunately modern economics mean it&#039;s highly unlikely we&#039;ll ever see circulating silver and copper (well, bronze) coins again. 

Even lowly copper has become too expensive for low-denomination coinage. Those countries that still mint copper-colored coins have switched to cheaper substrates with copper plating. In the case of our cents zinc itself is too expensive as well but the zinc lobby, Congress, and inertia are preventing either a switch to steel or elimination of the cent altogether.

Circulating silver coins are even more problematic. It would be impossible to put the genie of price deregulation back in the bottle worldwide. Any time that the price rose far enough above a coin&#039;s face value they&#039;d be vacuumed out circulation in a repeat of the Great Coin Melt of the 1960&#039;s. The only reason imelting doesn&#039;t happen with zinc cents is that the profit margin is too low, but as a precious metal silver is much more volatile and fungible.

And finally, silver is much softer than cupronickel, so coins would again wear out in 25-30 years instead of the 50+ that&#039;s typical for current issues.]]></description>
			<content:encoded><![CDATA[<p>In response to R. L. Anderson:<br />
First let me thank you for your service.to our country!  </p>
<p>As both a collector and someone with a family member who has impaired vision I understand your questions.  Unfortunately modern economics mean it&#8217;s highly unlikely we&#8217;ll ever see circulating silver and copper (well, bronze) coins again. </p>
<p>Even lowly copper has become too expensive for low-denomination coinage. Those countries that still mint copper-colored coins have switched to cheaper substrates with copper plating. In the case of our cents zinc itself is too expensive as well but the zinc lobby, Congress, and inertia are preventing either a switch to steel or elimination of the cent altogether.</p>
<p>Circulating silver coins are even more problematic. It would be impossible to put the genie of price deregulation back in the bottle worldwide. Any time that the price rose far enough above a coin&#8217;s face value they&#8217;d be vacuumed out circulation in a repeat of the Great Coin Melt of the 1960&#8217;s. The only reason imelting doesn&#8217;t happen with zinc cents is that the profit margin is too low, but as a precious metal silver is much more volatile and fungible.</p>
<p>And finally, silver is much softer than cupronickel, so coins would again wear out in 25-30 years instead of the 50+ that&#8217;s typical for current issues.</p>
]]></content:encoded>
		
			</item>
		<item>
		<title>
		By: David		</title>
		<link>https://www.coinnews.net/2015/08/19/us-mint-coin-production-in-july-tops-1-6-billion/#comment-137702</link>

		<dc:creator><![CDATA[David]]></dc:creator>
		<pubDate>Thu, 20 Aug 2015 16:19:26 +0000</pubDate>
		<guid isPermaLink="false">http://www.coinnews.net/?p=53461#comment-137702</guid>

					<description><![CDATA[Those are all valid questions.  Add payment method to the list (cash, credit, debit, smart phone) and you get another variable that&#039;s hard to account for.  Even though a penny is not worth anything, I think it still measures the amount of cash transactions in the economy, especially since a lot of people just throw what they get in a jar and then forget about it.  I don&#039;t think the production figures can be used to time the economy, but I do think in the short run they give another signal to look at.  If the numbers start falling rapidly that probably means merchants are ordering less or consumers are start to recycle more.

Besides, I just like coins and numbers so this stuff is fun to think about.]]></description>
			<content:encoded><![CDATA[<p>Those are all valid questions.  Add payment method to the list (cash, credit, debit, smart phone) and you get another variable that&#8217;s hard to account for.  Even though a penny is not worth anything, I think it still measures the amount of cash transactions in the economy, especially since a lot of people just throw what they get in a jar and then forget about it.  I don&#8217;t think the production figures can be used to time the economy, but I do think in the short run they give another signal to look at.  If the numbers start falling rapidly that probably means merchants are ordering less or consumers are start to recycle more.</p>
<p>Besides, I just like coins and numbers so this stuff is fun to think about.</p>
]]></content:encoded>
		
			</item>
		<item>
		<title>
		By: R. L. Anderson		</title>
		<link>https://www.coinnews.net/2015/08/19/us-mint-coin-production-in-july-tops-1-6-billion/#comment-137674</link>

		<dc:creator><![CDATA[R. L. Anderson]]></dc:creator>
		<pubDate>Thu, 20 Aug 2015 08:27:33 +0000</pubDate>
		<guid isPermaLink="false">http://www.coinnews.net/?p=53461#comment-137674</guid>

					<description><![CDATA[How much would it cost today to make Pennies out of copper again?  Didn&#039;t they wear better than the stuff we have today?  What are the copper ones worth now compared to the new ones with their metal content?

I have a problem with vision as a disabled American Veteran, but I sure can tell right away the difference between the two when I pick them up.  It&#039;s the same with the other coins how I can tellthe difference between the older 90% silver
 coins and the stuff we make today.  That&#039;s really easy.  The old ones have got to be a heck of a lot better I would think to last longer, does anyone know?  The only ones that I can &#039;t tell the difference with only a few years is the 1942 -1945 Nickel.  

Not too long ago, maybe 6 - 7 weeks in my change I could &quot;feel&quot; that there was something wrong I thought in a Quarter I got in change at the store.   At first I thought that there was some kind of crud stuck on it.  My wife collects coins like that and I&#039;m always surprised at some of the errors in some of them.  A lot more than I would have ever thought are done like that.]]></description>
			<content:encoded><![CDATA[<p>How much would it cost today to make Pennies out of copper again?  Didn&#8217;t they wear better than the stuff we have today?  What are the copper ones worth now compared to the new ones with their metal content?</p>
<p>I have a problem with vision as a disabled American Veteran, but I sure can tell right away the difference between the two when I pick them up.  It&#8217;s the same with the other coins how I can tellthe difference between the older 90% silver<br />
 coins and the stuff we make today.  That&#8217;s really easy.  The old ones have got to be a heck of a lot better I would think to last longer, does anyone know?  The only ones that I can &#8216;t tell the difference with only a few years is the 1942 -1945 Nickel.  </p>
<p>Not too long ago, maybe 6 &#8211; 7 weeks in my change I could &#8220;feel&#8221; that there was something wrong I thought in a Quarter I got in change at the store.   At first I thought that there was some kind of crud stuck on it.  My wife collects coins like that and I&#8217;m always surprised at some of the errors in some of them.  A lot more than I would have ever thought are done like that.</p>
]]></content:encoded>
		
			</item>
		<item>
		<title>
		By: Vachon		</title>
		<link>https://www.coinnews.net/2015/08/19/us-mint-coin-production-in-july-tops-1-6-billion/#comment-137615</link>

		<dc:creator><![CDATA[Vachon]]></dc:creator>
		<pubDate>Wed, 19 Aug 2015 17:32:45 +0000</pubDate>
		<guid isPermaLink="false">http://www.coinnews.net/?p=53461#comment-137615</guid>

					<description><![CDATA[But is the idea sound overall? Production of coins practically halted for three years in 1931-1933. Afterward production rebounded sharply but economists say the Great Depression did not end until the U.S.&#039;s entry into World War II (when coin production really shot up).

I agree that the initial drop in 2008 was a harbinger and the huge production drop in 2009 demonstrated a problem fully manifested, but I&#039;m not so sure the higher production of the following years necessarily means things have gotten better otherwise one could claim, based on coin mintages that the Great Depression ended in 1934.

But 2015 may be a good sign after all since production appears to be set up to be much higher than last year&#039;s...though I wonder how inflation factors into all this. Coins have virtually no purchasing power anymore and ridiculously high attrition rates so is any denomination a fair bellwether for the economy anymore? If it be quarters then this year would certainly suggest banner year...]]></description>
			<content:encoded><![CDATA[<p>But is the idea sound overall? Production of coins practically halted for three years in 1931-1933. Afterward production rebounded sharply but economists say the Great Depression did not end until the U.S.&#8217;s entry into World War II (when coin production really shot up).</p>
<p>I agree that the initial drop in 2008 was a harbinger and the huge production drop in 2009 demonstrated a problem fully manifested, but I&#8217;m not so sure the higher production of the following years necessarily means things have gotten better otherwise one could claim, based on coin mintages that the Great Depression ended in 1934.</p>
<p>But 2015 may be a good sign after all since production appears to be set up to be much higher than last year&#8217;s&#8230;though I wonder how inflation factors into all this. Coins have virtually no purchasing power anymore and ridiculously high attrition rates so is any denomination a fair bellwether for the economy anymore? If it be quarters then this year would certainly suggest banner year&#8230;</p>
]]></content:encoded>
		
			</item>
		<item>
		<title>
		By: Munzen		</title>
		<link>https://www.coinnews.net/2015/08/19/us-mint-coin-production-in-july-tops-1-6-billion/#comment-137611</link>

		<dc:creator><![CDATA[Munzen]]></dc:creator>
		<pubDate>Wed, 19 Aug 2015 17:00:38 +0000</pubDate>
		<guid isPermaLink="false">http://www.coinnews.net/?p=53461#comment-137611</guid>

					<description><![CDATA[David: Can we be the only two people who ever noticed this connection? I&#039;ve observed it for years, as well as a relationship between economic well-being and how often older-date bills turn up in circulation, but I&#039;ve never seen the idea mentioned in general economic articles.

It would be interesting to see how those numbers might change if the US ever decides to join the rest of the industrialized world by eliminating the penny and using $1 and $2 coins.....]]></description>
			<content:encoded><![CDATA[<p>David: Can we be the only two people who ever noticed this connection? I&#8217;ve observed it for years, as well as a relationship between economic well-being and how often older-date bills turn up in circulation, but I&#8217;ve never seen the idea mentioned in general economic articles.</p>
<p>It would be interesting to see how those numbers might change if the US ever decides to join the rest of the industrialized world by eliminating the penny and using $1 and $2 coins&#8230;..</p>
]]></content:encoded>
		
			</item>
		<item>
		<title>
		By: David		</title>
		<link>https://www.coinnews.net/2015/08/19/us-mint-coin-production-in-july-tops-1-6-billion/#comment-137579</link>

		<dc:creator><![CDATA[David]]></dc:creator>
		<pubDate>Wed, 19 Aug 2015 13:29:53 +0000</pubDate>
		<guid isPermaLink="false">http://www.coinnews.net/?p=53461#comment-137579</guid>

					<description><![CDATA[This is a good sign for the economy.  Historically looking at coin production gives an indication of economic activity. If production starts falling it is a good sign of trouble brewing.  Production dropped throughout 2008 giving a lead warning of trouble that year. While this isn&#039;t a sure thing, its nice to see the numbers going up instead of down.]]></description>
			<content:encoded><![CDATA[<p>This is a good sign for the economy.  Historically looking at coin production gives an indication of economic activity. If production starts falling it is a good sign of trouble brewing.  Production dropped throughout 2008 giving a lead warning of trouble that year. While this isn&#8217;t a sure thing, its nice to see the numbers going up instead of down.</p>
]]></content:encoded>
		
			</item>
	</channel>
</rss>
