One single printing press generates replacements faster than 1,000 mines produce for in parity to coin.
One single printing press generates replacements faster than 1,000 mines produce for in parity to coin.
True. However a coin can last much longer in circulation. I could receive a 1964 penny today...oldest dollar bills that I see today are no more than 5-10 years old.Obviously the older coins are rarer as they end up in jars or are disfigured enough to not be used. Today, I received a 1976 dime, four times older than most bills.
True. However a coin can last much longer in circulation. I could receive a 1964 penny today...oldest dollar bills that I see today are no more than 5-10 years old.Obviously the older coins are rarer as they end up in jars or are disfigured enough to not be used. Today, I received a 1976 dime, four times older than most bills.
Circulation is not the root issue for the so-called "shortage", production is.
Circulation is not the root issue for the so-called "shortage", production is.
The mints have been shut down due to COVID-19 which i do agree is the root cause. There are sinks in the circulation graphs that could be avoided in which case the mints could produce fewer coins each year and thus be more efficient.
The mints have been shut down due to COVID-19 which i do agree is the root cause. There are sinks in the circulation graphs that could be avoided in which case the mints could produce fewer coins each year and thus be more efficient.
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