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Ponce
Penny Hoarding Member
Cuba
630 Posts |
 Posted - 08/29/2009 : 20:26:32
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US Mint Halts 2009 Nickels and Dimes Production
The United States Mint has halted production of circulating 2009 Jefferson nickels and 2009 Roosevelt dimes for the rest of this year, according to the latest issue of Coin World. As the dime and nickel production graphs show, the stoppage creates historic, staggering low mintages for the two coins — levels not seen since the 50s.
Coin Word’s Paul Gilkes reports the US Mint made the announcement on April 23, and included details of a scale back in producing for other circulating coins, like the three remaining 2009 Lincoln Pennies.
It’s not that the public or collectors dislike the new coins. Quite the opposite, in fact. Collector demand for 2009 circulating coinage is exceptionally high. It’s all about the recession. It has, by itself, significantly eroded demand for new coins in every day transactions.
Why? In addition to buying less, consumers as a whole no longer hoard loose change at home. They spend or cash it in, replenishing circulating supplies to such an extent that coin inventories at banks have climbed. Banks, in turn, cut Federal Reserve orders for new coin shipments. Federal Reserve banks do the same to the Mint, which is then forced to slash production.
Electronic transactions has already cut into demand for circulating coins over the last several years. The latest news from the Mint, however, overshadows how drastic demand for coins has been affected due solely to the recession.
Using the latest Mint circulating coin production figures for 2009 Jefferson nickels, 39.36 million from Denver and 39.84 million from Philadelphia were struck, for a total of 79.20 million coins. In contrast, 640.6 million nickels were minted last year. That is an astonishing 87.6 percent reduction. The last time a U.S. nickel had such a low combined mintage was in 1951.
Jefferson Nickel Production by Mint Facility (1999-2009)
The picture is very similar for 2009 Roosevelt dimes. 49.50 million in Denver and 96.50 million in Philadelphia were struck, for a total of 146 million coins. In contrast, 1.05 billion circulating dimes were minted last year. That is a 86.1 percent reduction. The combined mintage level has not been this low for the dime since 1955.
Roosevelt Dime Production by Mint Facility (1999-2009)
Finding circulating 2009 nickels and dimes will become a priority for many collectors, as their comparative scarcity is extremely attractive. The task may be quite difficult, however. To date, finding 2009 coinage has been a challenge. And unlike other circulating coins, the Mint does not directly sell the nickel and dime in bags or rolls to collectors.
[Editor's update: 2009 nickel and dime production figures were updated to include totals to the very end of April, which the Mint released on May 1. The original article posting had tallies up to April 29.]
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"If you don't hold it, you don't own it"...Ponce |
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Country
1000+ Penny Miser Member
USA
3121 Posts |
Posted - 08/29/2009 : 20:44:08
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| I haven't seen a 2009 nickel or dime this year. I always ask when I go to visit banks, but the answer is always no. I've located some rolls of 2009 pennies and territorial quarters at banks, and found about a roll of 2009 halves in my half dollar searches. All the 2009 coins are difficult to locate. |
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The things that will destroy America are prosperity-at-any-price, peace-at-any-price, safety-first instead of duty-first, the love of soft living, and the get-rich-quick theory of life.
– Theodore Roosevelt
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Megaman
Penny Pincher Member
USA
173 Posts |
Posted - 08/29/2009 : 20:55:38
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| I wonder whats the real reason for the stoppage, couldn't just be the bad economy couldn't it? |
Must hoard more...... |
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Ardent Listener
Administrator
USA
4841 Posts |
Posted - 08/29/2009 : 21:02:12
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quote:
Originally posted by Megaman
I wonder whats the real reason for the stoppage, couldn't just be the bad economy couldn't it?
Maybe it is so we won't have another '1982' year again when they change the composition of the nickel and perhaps even clad coins over to that dollar coin alloy in 2010. At least when they dropped the 90% silver coins they didn't introduce clad into the same year. |
Realcent.forumco.com disclosure. Please read.
All posts either by the members, moderators, and the administration of http://realcent.forumco.com are for your edification and amusement only. It is not the intent of realcent.forumco.com or its host to provide investment, medical, matrimonial, legal, security or tax advice and nothing posted here should be considered to be so. All rights reserved.
Think positive. |
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Megaman
Penny Pincher Member
USA
173 Posts |
Posted - 08/29/2009 : 21:11:35
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| Then why would they stop the dimes as well? The dimes are perfectly fine the way it is, unless they want to change that too, but the only things they need to change because they are losing money are the penny and the nickel |
Must hoard more...... |
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Ardent Listener
Administrator
USA
4841 Posts |
Posted - 08/29/2009 : 21:19:49
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quote:
Originally posted by Megaman
Then why would they stop the dimes as well? The dimes are perfectly fine the way it is, unless they want to change that too, but the only things they need to change because they are losing money are the penny and the nickel
Really it could be they just don't need either of them now. But then too clad coins may join the nickel in the change over next year. They may be only losing money on the nickel and penny now, but now much longer until clad coins become 'too expensive' too?
And they best/worst part of it all is that John Q. Public will say they are doing the right thing to help keep inflation down.  |
Realcent.forumco.com disclosure. Please read.
All posts either by the members, moderators, and the administration of http://realcent.forumco.com are for your edification and amusement only. It is not the intent of realcent.forumco.com or its host to provide investment, medical, matrimonial, legal, security or tax advice and nothing posted here should be considered to be so. All rights reserved.
Think positive. |
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Megaman
Penny Pincher Member
USA
173 Posts |
Posted - 08/29/2009 : 21:37:28
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| Well eventually the Dollar will be worth a cent but then again we need to stock up on those 2009 coins. The more the better :) |
Must hoard more...... |
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Ponce
Penny Hoarding Member
Cuba
630 Posts |
Posted - 08/29/2009 : 21:46:16
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The question should be........will there be any more nickels and dimes next year?
The percentage of nickels that wont be minted this year is staggering when compared to years past.......that makes me believe that they will cut it out little by little |
"If you don't hold it, you don't own it"...Ponce |
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slickeast
1000+ Penny Miser Member
USA
2533 Posts |
Posted - 08/29/2009 : 21:51:40
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| Well that will make the 3 bank boxes (150 rolls) of dimes that I am getting this week that much more sweeter!!!!!! |
You don't have to be the BEST you just have to be.......SLICK
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hobo finds
Penny Hoarding Member
838 Posts |
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Country
1000+ Penny Miser Member
USA
3121 Posts |
Posted - 08/30/2009 : 12:53:51
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quote:
Originally posted by Megaman
I wonder whats the real reason for the stoppage, couldn't just be the bad economy couldn't it?
I think it's because the public is turning in their coins. They need the cash. With the business slowdown, there are too many old coins and little need to mint the new ones.
As I was driving away from my dump bank, I saw one lady drag a full large overlowing pail of coins into my dump bank to run through the bank coin counting machine. I'm sure there are many other people turning in their coins for cash. |
---> Come to the new and improved realcent: http://realcent.org
The things that will destroy America are prosperity-at-any-price, peace-at-any-price, safety-first instead of duty-first, the love of soft living, and the get-rich-quick theory of life.
– Theodore Roosevelt
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Ponce
Penny Hoarding Member
Cuba
630 Posts |
Posted - 08/30/2009 : 22:03:34
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Makes me glad to see that you guys are getting all the coins that you can because coins will rule in the future when the paper fiat looses it all.
I reamember reading about this little old lady that was doing just fine back in germany in 1923 with her bathtube full of coins......well......here you have a little old Cuban that will do just fine in 2012.
The future is what you make it be........ |
"If you don't hold it, you don't own it"...Ponce |
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BOHICA
Penny Sorter Member
USA
41 Posts |
Posted - 08/31/2009 : 16:10:05
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| Country has it right. I saw an article a few months back that stated that so many people were using "coinstar" machines that the bank were getting all of the change they needed from there and were not ordering from the mints. |
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Neckro
1000+ Penny Miser Member
Saudi Arabia
2080 Posts |
Posted - 08/31/2009 : 16:47:31
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| Anyone know the offical mintage? |
Trolling is an art. |
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hobo finds
Penny Hoarding Member
838 Posts |
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jonflyfish
Penny Hoarding Member
USA
693 Posts |
Posted - 08/31/2009 : 17:05:15
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| Commerce is way down. 2/3 of commercial transactions involve coins. Fewer coins used...fewer transactions....supply...demand...problem solved. |
The first panacea for a mismanaged nation is inflation of the currency; second is war. Both bring a temporary (and false) prosperity; both bring a permanent ruin. But both are the refuge of political and economic opportunities. |
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Ardent Listener
Administrator
USA
4841 Posts |
Posted - 08/31/2009 : 18:29:23
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quote:
Originally posted by jonflyfish
Commerce is way down. 2/3 of commercial transactions involve coins. Fewer coins used...fewer transactions....supply...demand...problem solved.
True, but that doesn't take into effect the 'hoarding factor' I hear that is going on in some circles. |
Realcent.forumco.com disclosure. Please read.
All posts either by the members, moderators, and the administration of http://realcent.forumco.com are for your edification and amusement only. It is not the intent of realcent.forumco.com or its host to provide investment, medical, matrimonial, legal, security or tax advice and nothing posted here should be considered to be so. All rights reserved.
Think positive. |
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Megaman
Penny Pincher Member
USA
173 Posts |
Posted - 08/31/2009 : 18:37:39
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| 2009 coins are really hard to come by, i went to 5 diffrent banks and they all only had 1 dollar 09 coins |
Must hoard more...... |
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jonflyfish
Penny Hoarding Member
USA
693 Posts |
Posted - 08/31/2009 : 19:48:12
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quote:
Originally posted by Ardent Listener
quote:
Originally posted by jonflyfish
Commerce is way down. 2/3 of commercial transactions involve coins. Fewer coins used...fewer transactions....supply...demand...problem solved.
True, but that doesn't take into effect the 'hoarding factor' I hear that is going on in some circles.
Right there with ya' Ardent  From the looks and reactions of all the tellers at all the bank branches, the circles are presently small. Mint numbers are down because circulation demand is down...way down. When the fiat collapses, the USA will be no different than Argentina. The hoarding must go on before it gets shut down...
Cheers! |
The first panacea for a mismanaged nation is inflation of the currency; second is war. Both bring a temporary (and false) prosperity; both bring a permanent ruin. But both are the refuge of political and economic opportunities. |
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knibloe
1000+ Penny Miser Member
USA
1066 Posts |
Posted - 09/05/2009 : 06:58:35
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quote:
Originally posted by Country
I haven't seen a 2009 nickel or dime this year. I always ask when I go to visit banks, but the answer is always no. I've located some rolls of 2009 pennies and territorial quarters at banks, and found about a roll of 2009 halves in my half dollar searches. All the 2009 coins are difficult to locate.
This is interesting. I have not see a new dime or nickel this year either. However, I got about 10-2009 halves yesterday in my fed boxes. |
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JobIII
1000+ Penny Miser Member
USA
1507 Posts |
Posted - 09/05/2009 : 16:03:01
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I don't think we should jump to conclusions. Holding back production is most likely due to the economy. The banks most likely generated far fewer requests for small change in the past year, and the mint picked up on this. But I'm just trying to be optimistic. Also nickels and dimes don't really play into my interests...
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Selling Copper cents. $0 FV available at 1.4xFV. Also interested in trading for wheat pennies and other coins Please pm me for requests or inquiries.
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jtm3
Penny Pincher Member
USA
187 Posts |
Posted - 09/05/2009 : 17:14:46
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Anyone know where to buy rolls of each coin.
P and D |
Copper Cent Hoarding Wiki
coppercenthoarding.wikia.com
+637 posts |
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Neckro
1000+ Penny Miser Member
Saudi Arabia
2080 Posts |
Posted - 09/05/2009 : 17:18:09
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| I'd just buy them off ebay. Unless you can win the lottery. |
Trolling is an art. |
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jtm3
Penny Pincher Member
USA
187 Posts |
Posted - 09/05/2009 : 17:21:18
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I cant find any D's.
I haven't checked in the past couple of days though. |
Copper Cent Hoarding Wiki
coppercenthoarding.wikia.com
+637 posts |
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No more more nickels or dimes this year.
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