One Billion Maryland quarters
Ernest Rodriguez
Da Mint is going to stamp out over 1 billion quarters for the new
Maryland design. Will all this hoarding ever end?
See link below.
http://www.usmint.gov/reading_room/press_release.cfm?id=124
Cliff Cantrell
What does it matter if people hoard the things. It's their money and
it might bring a few new collectors into the ranks. I encourage
people to do what they want, and if they want to collect tons of state
quarters, I say, more power to them. Live and let collect
Richard Adams
Nolan Pflug
They already made 1.3 billion of the Connecticuts.
Does anyone know if they're they still making Massachusetts quarters or
if they've switched to the Maryland ones?
Nolan Pflug
CCT1A
>if they've switched to the Maryland ones?
>
>Nolan Pflug
The press release says the Massachusetts quarters
are no longer being made.
They'll probably try to make 1.3 billion of each
quarter, but I'll bet they screw it up.
This is the government. They can make over a
billion of them in ten-week intervals for fifty
weeks in a row only if they run three shifts at
full capacity. They are unlikely to be willing
to buy excess capacity that they will not have
a need for after this program ends.
So all we have to do is wait for a breakdown.
At some point, one of their presses will give
out, there will be downtime, and that quarter,
whichever one it is, will have a smaller mintage
than any of the others.
Government employees will not be able to
make everything work perfectly for all fifty
quarters.
PFDJR
>>> Isn't the mint planning on making more than a billion of each state? They
already made 1.3 billion of the Connecticuts.....<<<
In a statement earlier this year the Mint Director estimated that production
for the year 2000 would total 7.7 billion quarters which works out to a little
more than 1.5 billion each.
+++++++++++++++++++
Phil DeMayo eBay: flip48
Coinmasters 1188 ANA R-182606
When bidding online always sit on your helmet
DARTORREY
>
>Well,
>
>Da Mint is going to stamp out over 1 billion quarters for the new
>Maryland design. Will all this hoarding ever end?
>
>See link below.
>
>http://www.usmint.gov/reading_room/press_release.cfm?id=124
With rolls of circulated DE quarters selling at $28 on ebay I doubt that the
hoarding will end.
What I'm wondering is, does anyone here on rcc think that there will be a
quarter shortage in the next few years? I live in South Texas 8 miles from the
Mexico border and the region is more like Mexico than the US so I don't really
have a feel for what our circulating coinage is doing. I do know that I very
seldom receive any of the states quarters in change.
Yesterday I went to my bank and asked if they had any of the golden dollars.
"No, but Walmart does." (I knew that was coming)
"How about any halves?"
"Do you mean one of these?" (holding up a Kennedy half)
"Yes", I said
"I only have one."
"Do you have any of the states quarters?"
"Oh, yes, I have been putting them in a separate compartment in my drawer."
"Do you want to part with them?"
"Sure, I'll let you have them."
So she pulled out FIVE states quarters!!!!!!!! At a bank, only FIVE states
quarters. This was a satellite bank branch, not the main branch where I went a
few weeks ago and saw the two $500 boxes of Massachusettes rolls.
So I don't know what is happening in the other parts of the country, but down
here it seems that almost every one of the states quarters are being hoarded.
I could be wrong, but I think that at some point there will be a quarter
shortage. Time will tell.
Darrin
bkrrrrr
>
> >Does anyone know if they're they still making Massachusetts quarters or
> >if they've switched to the Maryland ones?
> >
> >Nolan Pflug
>
> The press release says the Massachusetts quarters
> are no longer being made.
>
(Here in Massachusetts, no less...)
bkr
mas
> What does it matter if people hoard the things. It's their money and
> it might bring a few new collectors into the ranks.
A *billion* quarters in ten weeks. A *billion* dollars in a year.
*Where* is all that metal coming from? Is any of it recycled?
Sure, the government makes seignorage money from horders, but think of
the impact on the environment.
The gold bullion coins really get my goat. I hope that most of the
gold used is from scrap.
Many gold mines leech fields with cyanide - which absorbes minute gold
particles from the ground. The cyanide is then drained and the gold
removed from the solution. But it is a highly toxic substance which
kills everything on the land and renders the area dead and useless.
THE WASHINGTON PROFILE IS ON THE *REVERSE* OF THE STATE QUARTER :-)
Bob Peterson
>
>Many gold mines leech fields with cyanide - which absorbes minute gold
>particles from the ground. The cyanide is then drained and the gold
>removed from the solution. But it is a highly toxic substance which
>kills everything on the land and renders the area dead and useless.
>
>
most of the places where gold mines are located are already dead and useless.
for the record, gold miners do eventually clean up when they close down a mine.
The cyanide is recycled so very little is actually introduced into the
environment.
Human beings are at the top of the food chain. I plan to do all I can to help
us stay there!
Learn all about how the NSA spys on you. Search on "Project Echelon" at your
favorite search engine. Another service brought to you by the Clintons.
Bob Johnson
>Many gold mines leech fields with cyanide - which absorbes minute gold
>particles from the ground. The cyanide is then drained and the gold
>removed from the solution. But it is a highly toxic substance which
>kills everything on the land and renders the area dead and useless.
Heap leach mining is a closed system. The leach pad is built above
the water table and completely lined. The ore is stacked on the
pad and sprayed with cyanide. The pregnant solution (carrying gold)
is run through the mill and the cyanide solution is seperated and
recycled back on the top of the leach pad. There have been about
three (3) major system leaks (usually tailing dam breaks ) in the
last 10 years, which have caused envronmental damage, but most mines
have great system records. They also post bonds upfront for site
remediation, and I have seen many former site that now look better
than before there was a mine there.
The biggest mine problem is actually acid drainage from old mines,
especially in Colorado/Montana/Idaho. The annual snowpack works its
way down creating sulfuric acid which dissolves metals that leach
out of old (circa 1890) tunnels and often directly into streams. If
you are concerned about the environment, then it would make sense to
boycott Morgan and Peace dollars, and Classic US gold, which were
mine by methods that really damaged the environment.
Best Regards,
Bob Johnson
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David Ryan
>
> ccan...@mindspring.com (Cliff Cantrell) writes:
>
> > What does it matter if people hoard the things. It's their money and
> > it might bring a few new collectors into the ranks.
>
> A *billion* quarters in ten weeks. A *billion* dollars in a year.
> *Where* is all that metal coming from? Is any of it recycled?
> Sure, the government makes seignorage money from horders, but think
> of the impact on the environment.
Worn and damaged coins must by law be returned to the mint for
melting and recoinage, including current copper, nickel, zinc
and manganese. Come to think of it, why don't you ask them if
any of the manganese was used from redeemed war nickels?
> The gold bullion coins really get my goat. I hope that most of the
> gold used is from scrap.
It is coined from Treasury stock. I do not believe that the U.S.
Government is currently buying gold for coinage or reserves,
but I could be wrong.
> Many gold mines leech fields with cyanide - which absorbes minute gold
> particles from the ground. The cyanide is then drained and the gold
> removed from the solution. But it is a highly toxic substance which
> kills everything on the land and renders the area dead and useless.
What else is new?
> THE WASHINGTON PROFILE IS ON THE *REVERSE* OF THE STATE QUARTER :-)
>
> http://www.dollar-coin.nu/
Sorry. The only references that I could find on that page were the
banner at the bottom showing the obverses of all the current coins,
except that the half dollar was missing, and a quote from GW
disdaining his head on any coin.
Your statement would not be in contradiction to the Mint only if
you restate it thus - "THE WASHINGTON PROFILE IS ON THE REVERSE OF
THE *NEW JERSEY* STATE QUARTER" or less specifically as -
"THE WASHINGTON PROFILE IS ON THE REVERSE OF *A* STATE QUARTER".
The group is going to love you. I was going to remove this from
my sig today, but now I see it needs to stay a little longer :)
--
WASHINGTON'S PROFILE IS THE *OBVERSE* OF THE STATE QUARTERS.
http://www.usmint.gov/50States/5winners.cfm
2000 is NOT the 21st century. 2001 is. You can look it up at U.S.
Naval Observatory http://aa.usno.navy.mil/AA/faq/docs/millennium.html
PFDJR
>>>.....It is coined from Treasury stock. I do not believe that the U.S.
Government is currently buying gold for coinage or reserves, but I could be
wrong.....<<<
Relying solely on memory here so I won't say "nada, nada, nada...you're wrong".
I believe that by law all US bullion coins must be minted from newly mined gold
and silver.
However, there is a provision in the law authorizing the 90% silver proof
versions of the States quarters allowing the Secretary of the Treasury to
obtain the silver from a variety of sources including stockpiles established
under the Strategic and Critical Materials Stock Piling Act.
Stujoe
> more, he did, I put one in my Harris album and the rest in my wine jug.
> Cheap thrill!
I have yet to get a Mass in change (just some rolls from the banks) but I
have been getting State quarters all week in change. I received 2 DE's,
1PAs, 2GA's and several CT's. No NJ's. They are out and about here in San
Antonio.
--
Stu Miller
http://stujoe.tripod.com
Stujoe
says...
> You are obviously an environmental wacko, not a coin collector.
> Vote for eventual loser Al Gore and find the environmental doomsayer newsgroup.
>
Is it me or does anyone else foresee another "off-topic, election year,
ranting and raving ,just won't die a natural death" thread in the near
future.
FRAGIE
DBoudreau
writes:
>I have yet to see one. Probably never will.
>(Here in Massachusetts, no less...)
>
>bkr
I got one yesterday (MA quarter) in So. New Hampshire.
Don
Nolan Pflug
thinking about Dr. Evil asking for "One Hundred Billion dollars"... and
I got to thinking that if they would raise the estimated mintages even
more for future states, that we could end up with that many total state
quarters! It only has to average to 2 billion of each state, or 1
billion of each mint of each state. Since they're made over 10 weeks
that's 100 million quarters per mint per week....(165 per second)
Anybody think they could do it?
I dont think Dr. Evil would have appreciated 25% of his money being
quarters though :)
Nolan Pflug
Fred A. Murphy
On 2-Mar-2000, Ernest Rodriguez <ernestr...@home.com> wrote:
> Da Mint is going to stamp out over 1 billion quarters for the new
> Maryland design. Will all this hoarding ever end?
Not as long as there are people who fancy themselves to be "collectors" of
forty identical denomination, design, date and mintmark coins. When they
are only making four coins per person, it doesn't take too many people
hoarding 80 of a design to drive up the price.
Stujoe
bigg...@NOSPAMcomputech-online.net says...
Yep, who knew that 1.3 billion of each state wouldn't be enough to go
around?
I just wonder how many coins the mint can put out in a year. Using this
years projections and 1998 totals from the Redbook, I come up with around
7.5 billion quarters, 1.7 billion Sackies, 10 billion cents, 1 billion
nickels, 2 billion dimes, and 10 or 20 million halves. Can they really
sustain 22+ billion coins a year plus the collector items and sets (which
I assume take longer to make/package) and bullion coins, etc?
Assuming they can, the next several years will have to be some kind of
record won't it?
Steve Okonski
> Assuming they can, the next several years will have to be some kind of
> record won't it?
If the mint keeps this up, those mintages of "only" a billion or so cents and
nickels during years of the 1960s are going to start seeming low, and stuff like
68-S and 69-S will be practically rare.
Another way to look at it: the 95-D cent has a mintage of 7.1 billion, which is
27 times as many 68-S cents that were minted. Similarly, there were about 27
times as many 68-S cents minted as 12-D. Food for thought.
David Ryan
Stujoe wrote:
>
> Can they really sustain 22+ billion coins a year plus the collector
> items and sets (which I assume take longer to make/package) and
> bullion coins, etc?
Stujoe
> They can always expand facilities over the next few years.
>
> Stujoe wrote:
> >
> > Can they really sustain 22+ billion coins a year plus the collector
> > items and sets (which I assume take longer to make/package) and
> > bullion coins, etc?
>
Do you mean like getting San Francisco and West Point to up
production/help or do Philly and Denver have enough capacity to fill the
need?
David Ryan
More presses, rented space, temps; you know ;-)
Stujoe
> Stujoe wrote:
> > Do you mean like getting San Francisco and West Point to up
> > production/help or do Philly and Denver have enough capacity to fill the
> > need?
>
> More presses, rented space, temps; you know ;-)
>
>
I see now. :-)
Fred A. Murphy
On 4-Mar-2000, Stujoe <stu...@NONADASPAMbigfoot.com> wrote:
> I just wonder how many coins the mint can put out in a year. Using this
> years projections and 1998 totals from the Redbook, I come up with around
> 7.5 billion quarters, 1.7 billion Sackies, 10 billion cents, 1 billion
> nickels, 2 billion dimes, and 10 or 20 million halves. Can they really
> sustain 22+ billion coins a year plus the collector items and sets (which
> I assume take longer to make/package) and bullion coins, etc?
>
> Assuming they can, the next several years will have to be some kind of
> record won't it?
In the NPC speech, Diehl said last year was a record at 20 billion, and they
expect 27 or 29 billion this year (forget the exact number, either figure is
more than I can carry, so it doesn't matter).
David Ryan
>
> David Ryan David...@adware.com wrote:
>
> >.....It is coined from Treasury stock. I do not believe that the
> > U.S. Government is currently buying gold for coinage or reserves,
> > but I could be wrong.....
>
> Relying solely on memory here so I won't say "nada, nada, nada...
> you're wrong". I believe that by law all US bullion coins must be
> minted from newly mined gold and silver.
I could only find a reference on usmint.gov that it must have been
U.S. mined. But you may be right.
> However, there is a provision in the law authorizing the 90%
> silver proof versions of the States quarters allowing the
> Secretary of the Treasury to obtain the silver from a variety of
> sources including stockpiles established under the Strategic and
> Critical Materials Stock Piling Act.
Yes, and they've nearly depleted it.
http://www.silverinstitute.org/news/prstock.htm
--
2000 is NOT the 21st century. 2001 is. You can look it up at U.S.
Naval Observatory http://aa.usno.navy.mil/AA/faq/docs/millennium.html
"Carthage must be destroyed!" Cato the Elder, inventor of dot sigs
PFDJR
>>> I could only find a reference on usmint.gov that it must have been U.S.
mined. But you may be right. <<<
I have since found out that I was only partly right.....luckily it was with
respect to the original question.
There was an article in either the latest CW or NN regarding the depletion of
the strategic silver stock. It seems the Mint has been purchasing silver from
this stock to make silver proof sets, modern commems AND Silver Eagles.
The article does state however, that Gold Eagles (by law) must be struck from
newly mined metal....the part that I was correct about.
EmpireChes
>
>ranting and raving ,just won't die a natural death" thread in the near
>future.
Just one? I lay awake nights sweating,
contemplating the conversion of our newsgroup
and our fair hobby into a forum for frothing-at-
the-mouth fringe fanatics, spewing about their
private hells. Of course, in my nightmare, none
of these threads are identified as OT rantings--
they all have benign titles like "One Billion
Maryland Quarters," providing no warning
at all that they contain the screeds of those
with political IQs graded out as "PR-01 rim
dings, environmental damage, drilled"
EmpireChes