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An interesting observation on mint distribution.

Here it is in October, and coins dated 2008 are scarce around here. I have seen exactly 4 dimes, all P mint. I've seen about a dozen Cents, with only one so far being D minted. Nickels are the scarcest, in that I've only seen 2 so far! Oddly, they were both from Denver. But the Quarters-those are in rotation. Somewhat. The Oklahoma is fairly common, and Arizona is the most common 2008 Quarter, although they have all been P mint so far. I've gotten probably about 25 of them in change already. (not to mention my uncirculated roll I got from the bank). I have even gotten one Alaska already, yesterday! New Mexico is not a common sight, however, I've only got three and none of them were good enough to put into my album. I have not gotten a Presidential dollar in change since Washington. I havn't been to the stamp machine lately though, either! image I have not seen any paper money newer then 2006.

I think it's odd that it's this far into the year and most 2008 coins are pretty scarce-I've found half as many wheat cents as 2008s in circulation this year! Especially true because I am not all that far north of New York City, in Dutchess County. Many people work in NYC but live here, and NY is a major financial hub-you'd think that money would be changing hands fairly quickly and being brought home by the workers....but nope!

I know we've had this kind of topic before-is anyone else still seeing a lack of current coins in your neck of the woods?
Billy Kingsley ANA R-3146356 Cardboard History // Numismatic History

Comments

  • i`m in CT. and i have seen no nickels or dimes from 2008. i see loads of philly cents and lots of quarters. i usually get nickels and dimes(P&D) early in the year for my danscos but not this year. are they low mintage this year???
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  • CaptHenwayCaptHenway Posts: 33,070 ✭✭✭✭✭
    In hard economic times, people are more likely to return older coins to circulation by emptying their piggy banks, dresser drawers, five gallon cans by the night stand, etc. They spend them, deposit them at banks, run them through Coinstar and pay the idiot tax, etc.

    The recycled coins get wrapped up and sold to merchants for their cash registers. The companies supplying the merchants therefore do not need to order as many new coins from the Federal Reserve.

    Look at the mintage figures for 1929-1933 and see what happened then.

    TD
    Numismatist. 54 year member ANA. Former ANA Senior Authenticator. Winner of four ANA Heath Literary Awards; three Wayte and Olga Raymond Literary Awards; Numismatist of the Year Award 2009, and Lifetime Achievement Award 2020. Author "The Enigmatic Lincoln Cents of 1922," due out late 2025.
  • JcarneyJcarney Posts: 3,154


    << <i> run them through Coinstar and pay the idiot tax, etc.
    TD >>



    Idiot tax is right on. We're lucky in this area to have Commerce bank. They have counting machines in every bank that are free. You don't even need to have an account there.

    Edited to say:

    I STILL see people dumping change into Coinstar machines in the supermarket which is right around the corner from Commerce!
    “When the people find that they can vote themselves money, that will herald the end of the republic.” — Benjamin Franklin


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  • BillyKingsleyBillyKingsley Posts: 2,661 ✭✭✭✭
    I refuse to use coinstar....BUT...I got two Silver dimes out of their return tray this year image Helps to check it even when you don't see anyone there.
    Billy Kingsley ANA R-3146356 Cardboard History // Numismatic History
  • rickoricko Posts: 98,724 ✭✭✭✭✭
    I get a lot of 2008 coins here in Seattle... Cents, Nickels, Dimes and Quarters... Only a couple of Prezzie dollars in change.. no 2008's.
    Mostly D mint marks.. some P since we have a lot of commerce here. I check the coinstar machine at the market.. never find anything.
    Cheers, RickO
  • CaptHenwayCaptHenway Posts: 33,070 ✭✭✭✭✭
    FWIW, I got a 2008-P dime in change yesterday here in Chicagoland, and a 2008-D nickel today.
    TD
    Numismatist. 54 year member ANA. Former ANA Senior Authenticator. Winner of four ANA Heath Literary Awards; three Wayte and Olga Raymond Literary Awards; Numismatist of the Year Award 2009, and Lifetime Achievement Award 2020. Author "The Enigmatic Lincoln Cents of 1922," due out late 2025.
  • 19Lyds19Lyds Posts: 26,492 ✭✭✭✭
    I have seen very few 2008 coins period!
    I decided to change calling the bathroom the John and renamed it the Jim. I feel so much better saying I went to the Jim this morning.



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  • SwampboySwampboy Posts: 13,159 ✭✭✭✭✭
    I've gotten 08 dimes and cents in the NW. Mostly Ds.

    "Inspiration exists, but it has to find you working" Pablo Picasso

  • I got examples of the D cents nickels and dimes pretty early, months ago now. Since then I've come across multiple dimes and cents but no more nickels. The only 08 nickel I've got was found on the ground near a parking meter, it's still in unc condition though. I've also come across P mint cents and dimes and a few P mint 08 quarters.
  • I spent a 2008-D nickel today in Houston, part of a tip for the baristas.
  • I think the latest series for paper currency is 2006, so that is the reason you haven't seen any marked 2008. The Bureau of Engraving and Printing doesn't change the series date yearly for paper currency like the mint does for coinage.
  • sumnomsumnom Posts: 5,963 ✭✭✭


    << <i>I get a lot of 2008 coins here in Seattle... Cents, Nickels, Dimes and Quarters... Only a couple of Prezzie dollars in change.. no 2008's.
    Mostly D mint marks.. some P since we have a lot of commerce here. I check the coinstar machine at the market.. never find anything.
    Cheers, RickO >>



    Rick and I have had this conversation before but I too am in Seattle and have not seen many 2008 coins until recently. Cents and quarters I see commonly now. I have seen seven 2008 dimes and have yet to see a 2008 nickel. I've seen a few 2008 dollars as well.
  • Coins are released from the Fed on a first in, first out basis, as a general rule. Quarters are probably an exception with five new designs a year. That's why you're seeing more new quarters than the other denominations. It's what CaptHenway says: with the economy tanking, Fed orders are down and people are returning a lot of stored coins back into circulation. image
  • IMHO that's a brilliant observation. Love this forum. Rob
    Modern dollars are like children - before you know it they'll be all grown up.....

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  • 2006 IS the latest date for paper money. Yet, I am surprised at how little of that I am seeing. By far most dollar bills are 2003A and I would say even the 2003 plains outnumber the 2006's. 2006 tens and twenties are quite common but not yet in the majority.

    Other than quarters and dollars, I have seen very, very few 2008 coins.

    I saw more 2008 Canadian coins circulating in Canada than I see USA ones here in Massachusetts.

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