Archive for Half coins

US Mint reducing production as quarter collecting declines

US coin output fell by 30% last year to the lowest level in 10 years as the economy struggled.  In 2008 the US Mint produced a mere 10.1 billion coins.  Reduced demand from coin collectors is partly to blame:  the Mint cites diminishing consumer interest in collecting the quarters issued for each of the 50 states.  However the struggling economy is also playing a part since fewer cash register transactions mean less need to provide change.  Increasing use of debit and credit cards may also be contributing to a long term decline in the number of coins produced.

The Denver Mint accounts for just over half of US coin production with the rest from Philadelphia.

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US Mint to issue new Lincoln silver dollar

Lincoln Silver Dollar

Lincoln Silver Dollar

Later this month the US Mint will issue a new silver dollar with a portrait of a youthful Lincoln on the head side and a short extract from the Gettysburg Address on the reverse side.  Production of presidential $1 coins is expected to increase as the US Government undertakes a marketing push to get them accepted.

Get the Lincoln silver dollar from the US Mint

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