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What do You Think?

In 1918 just after the conclusion of World War One, the Spanish Flu killed millions of people worldwide. Mintages of coins were somewhat smaller than years following, but not quite smaller than previous years. During the Great Depression, mintages were completely slashed creating some great semi-key dates. So with our condition now with both a pandemic and an economic slump, what do you think the mintages will be this year after everything is said and done?

1 year ago

The thought has crossed my mind. Products like proof sets would take a hit, maybe even commemorative sales. If the illness affects mint employees, then it may even affect circulation mintages. I looked up the recent U.S. Mint Sales Figures but they have gotten very lax about updating them. The only entry for 2020 is dated early January, which doesn't say much. With 5 quarter reverse designs to be completed, the mint may have their hands full this year. 

1 year ago

I'm thinking that special issues like proof sets, etc. will definitely take a hit this year.  People are trying to spend as little as possible as we have no certainty when the economy will return to some semblance of normal.  The regular production coins, even if they dip, will still be made in the hundreds of millions so will ever be considered even remotely rare.  The Mint will probably carryover a lot of 2020 sets, commemoratives, etc. through next year so the final sales figures down the line may not be that bad. 

1 year ago

I think the numbers for the annual proof and mint sets should be consistent with last years once sales end due in part to the additional W mint mark Jefferson. Not quite that of the 2019 with a West Point Lincoln, due largely to popularity of the two, but close. As for the other offerings, I think you may be correct with a combination of the state we're in and a less than appealing themes.

1 year ago

I believe our regular circulating coinage will be fine. The Mint has already delayed release of some special issues. This will probably continue. The new 2020 gold buffalo is scheduled for release on 9 April. I just looked and is still a good date. Probably made them last year. So is the "S" silver proof set, 17 April date. We shall see after these.

1 year ago

One particular event which occurred created a similar situation. An outbreak of yellow fever in 1838 shut down the New Orleans mint from July to September making 1938o half dimes and dimes (the only denominations struck) a low mintage year. So I could see a similar situation at Philadelphia or Denver creating a short year for business strikes with their respective mint mark or San Francisco for proofs. Just not any two or all in the same year. As for the economy, I'm still working as are millions of others. Billions of dollars are spent online every day despite the vast majority being at home. With that, I don't see the economy causing much in the way of a major reduction in coinage.

1 year ago
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