Guam Territorial Quarter Mintage ??
HIGHLOWLEAVES
Posts: 790 ✭✭✭
USM just posted the April, 2009 totals for circulating coin mintages . No Denver quarters minted in March and only 19.6 M minted in April. Is this the final Guam..Denver mintage ? Comments !! The "P"s for April come out to 28.2M. Maybe it pays to live in "D" Country !! Have a great day collecting coins !! Mark.
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The coins made for circulation might never get out and those that do
will be released in a small area where they seem quite common.
Very interesting...
<< <i>Collectors should definitely be thinking about mint bags and rolls.
The coins made for circulation might never get out and those that do
will be released in a small area where they seem quite common. >>
More like speculators and flippers should be thinking about mint bags and rolls. The mint sets should suffice for collectors.
<< <i>
More like speculators and flippers should be thinking about mint bags and rolls. The mint sets should suffice for collectors. >>
Since 2005 the mint set coins have a special finish which makes them virtually distinct
from circulation issues. With most clad issues you'll need a whole roll just to have a
good shot at a nice example.
Yeah, you're right that most of those sold to "collectors" will be purchased by those
whose primary intent is to sell them for a profit.
Actively Collecting: Yearly Mint Stuff, Ikes, SBAs
Passively Collecting: All coins currently circulating
Type Set: (20th-21st century) First year of issue (or 1901), P Mint, ALL varieties
25 inf 1/14 Gold Dragons ,never surrender, over come and adapt
and hold at all cost!
In fact the numbers the Mint gives do not coincide.
The Jan-April numbers they show for circulating quarters produced are:
Denver 128.40 M
Philadelphia 130.40
For a grand total of 258.80
Then on the page dedicated to the DC and Territorial Quarters they show another breakdown:
2009 District of Columbia and US Territories Quarter Production
Design Denver Philadelphia Total
District of Columbia 88,800,000 83,600,000 172,400,000
Commonwealth of Puerto Rico 86,000,000 53,200,000 139,200,000
Guam 0 0 0
American Samoa 0 0 0
U.S. Virgin Islands 0 0 0
Northern Mariana Islands 0 0 0
Grand Total: 311,600,000
These numbers are off by 53.6M. With an additional 53.6M showing up in the breakdown by design.
Both sets of mintages indicate they include rolls and bag sets, but not proof and unc mint sets.
Don't see how 19.6M is derived from these numbers for the Guam issue.
Are there another set of numbers that I'm missing?
311.6M-210.8= 101.6M.
This could well be, the website is not clear as to the production period for the 311.6M of 09 DC and PR quarters.
Don't really know what they will do with the excess though. Maybe put it in storage? Seems it would have to leave the mint eventually as demand increases.
Does this mean our grandkids may see GSA territorial quarters offered someday?
<< <i>"Don't really know what they will do with the excess though. Maybe put it in storage?"
Does this mean our grandkids may see GSA territorial quarters offered someday? >>
lol
Never know. All I know at this point is that shipping from the mint is virtually non-existent.
<< <i>I interpreted this differently -- shortened production/lower mintages overall, not stockpiling. Thus has been the case so far. >>
I agree. When I was in the Philly Mint on Feb. 3, they had one production line making dimes and one line making Puerto Rico quarters, and that was it. Even then I think they only had two or three of the presses on each of the two lines running.
TD
<< <i>IMHO here is my view of the 2009 coin production figures for the entire year.... The USM does not need to mint anymore coins for mere circulation. Many that they will continue to produce will be stockpiled until needed by the Federal Reserve and banks around the counrty later on. The ones that they will continue to mint through Dec, 2009 will be because of ongoing programs.... commemorative cents, territorial quarters and native american/pres.$. The general public want those special coins made in 2009 and Ed Moy will not be able to disappoint all those people. The last 4 2009 quarters will end up being very low mintages. Then in 2010, the USM will have to crank out the National Park Quarters to kick that 12 year program off. You can't make a hand full of 2010 quarters and then expect collectors to continue with the series. The Big quarter dealers that supply HSN, etc will have to rely on the USM to sell them the 1000 coin quarter bags. Banks cannot be a reliable source for such low mintage coins as the remaining terr. quarters. Particularly the third and fourth pennies will be lower mintage than the log cabin cent. Rolls /boxes will command a hefty premium. Please provide your own comments. >>
Sounds about right.
I suspect the mint is making some effort to release coins in the
region being honored even if it entails shipping some existing
coins out of the area or stockpiling them.
We might be going into a major sea change with coinage product-
ion. It might be years before more coins are needed and current
excesses might be destroyed in the interim if there are extremely
large numbers.
<< <i>Very interesting radio program that Dave Harper (NN editor) had with Julian Jarvis on Coin Chat radio program recently. Julian talks sbout the low 2009 coin mintages among other things. Julian is one of the top 2-3 dealers that offer among other things rolls of modern coinage and he knows his business well !! I found the radio program when on the clickcoins.com web site. Enjoy. >>
Mr Jarvis has been at this for a very long time; since at least 1969, I believe. Until
about 1978 he advertised a complete run of BU rolls all the way back to 1965. Since
then he's been forced to periodically lop off the earlier years as they are not readily
available after his supply is exhausted. But he was the largest supplier of current
date and recent date coins for many years and is still a key player with access to
rolls that are very hard to come by.
He seems to have a knack for laying in supplies of nicer coins and has even distri-
buted some varieties. The number of coins he has supplied can be extremely low
for some dates and one has to imagine that the attrition on these has been very
high. Many of these coins end up in complete date and mint mark sets marketed to
the public and many of the rest are probably just checked for gems and varieties
and spent.
He is the expert on the market for such rolls. He's much of the market for the rolls
themselves and I'd wager he'd have some difficulty coming up with something like
a '69 original quarter roll on short notice!!!
I'm seeing a lot of older BU states coins in circulation and imagine the attrition on
these must be high. Sure a lot were set aside but the demand for these is high as
well.