More coins mean better
by Dave Harper
If rising coin production
signals good news for the economy as I have observed over the years,
then the March production numbers of the U.S. Mint confirm that
conditions are on the upswing.
The Mint nearly doubled its output in March as compared to February,
from 194.4 million coins to 384.42 million pieces.
Collectors who have been scrambling to try to find examples of the
four 2009 cent designs and then the new Union Shield design that was
introduced this year can probably relax about the 2010 design.
Production of the 2010 cent doubled in March to 294 million pieces
between the Philadelphia and Denver Mints and for the first three
months of the year 572 million Union Shield cents have been struck.
If the March monthly pace were maintained for the rest of the year,
more than 3.2 billion cents would be produced. If the quarterly pace
is used instead, the the annual total would be approximately 2.3
Either number would likely make it fairly easy to find examples in
change. Also, as reports to me about 2010 cent finds around the
country multiply, interest in the coins will probably drop.
That is the paradox. If you canít find them, interest is high as is
indignation. If they are everywhere, interest turns to the next hot
In any event, letís hope the pace of coin production keeps rising
because that means all of us will likely have a few more dollars of
income to spend on our favorite hobby.
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