2009 Nickel & Dime Stoppage

Re: 2009 Nickel & Dime Stoppage

Sat, 27 Feb 2010 01:06:06 +0000

I do not disagree and I never said ALL sellers of rolls were scammers.. People can bid prices up any way they want. What I find DESPICABLE is when sellers claim that a coin is RARE which is a load and mislead buyers or try to sell rolls at inflated prices and justifying it with lies. A 1916-D Mercury dime is a rarity not a 2009 Roosevelt dime. If you are making money and have honest ads then congrats, you deserve the profit for having the foresight to invest in some rolls and taking a little risk.

Meanwhile..
2010 Dimes are being minted (as this is being typed) to fill Federal reserve orders and unless mintages are below a couple of million I still can't see how they will be rare.

2010 nickels however may be a different story as the mint has yet to strike a single coin for circulation.

Re: 2009 Nickel & Dime Stoppage

Fri, 26 Feb 2010 22:26:12 +0000

Well Ken, it is almost March 2010 and yet there are 'still' hardly any nickels or dimes to be found.
Someone who places a coin or a roll of coins on ebay or any other auction site is not a scammer, especially if they start the bidding at a reasonable price. People bid and buy at their own choice.

Re: 2009 Nickel & Dime Stoppage

Sat, 29 Aug 2009 09:39:44 +0000

Jeff,

Absolutely! It's the old supply and demand and currently there is not enough demand to meet the existing supply of coins.

Unlike electronic funds (like credit cards or EFTs), coins are primarily used for retail transactions for everyday folks (like you and I) so you are correct in assuming that less customer transactions are occurring contributing to this scenario.

To give a better relationship of coins to the economy, I just plotted the mintage of dimes from 2000 to 2009 and overlayed the Dow Jones Industrial Average. There is definitely a pattern here and I'm kicking myself in the backside for not noticing before. Could have saved me & my family some dollars by selling stock positions in certain years. Live and learn.

Re: 2009 Nickel & Dime Stoppage

Sat, 29 Aug 2009 02:49:01 +0000

I agree that banks could have more of a surplus due to people turning in coins. Could the surplus also be due to slow business? Fewer customers, fewer transactions- less change is needed. Any way you look at it, not particularly good news. No telling what next year will bring.

Can't imagine people paying exhorbitant prices for current issue coins like that. Shame on the scammers. I hope people have more sense (or is that 'cents'?) than to be taken advantage of in such a fashion.

Thanks for the information!

Re: 2009 Nickel & Dime Stoppage

Wed, 05 Aug 2009 21:21:17 +0000

FOLLOW-UP to the FOLLOW-UP,

U.S. Mint authorizing production of additional 7million nickels, guessing that additional production requests will be made for nickels & dimes from now till the end of the year. At this point I wouldn't count any mintage figures till Jan 2010

Re: 2009 Nickel & Dime Stoppage

Tue, 14 Jul 2009 09:12:16 +0000

FOLLOW UP!!!!

Okay…I had to post this because some jerks are really hyping this up and convincing people that 2009 nickels & dimes are ultra rare. The mint has made slight more than 79 million nickels and 146 million dimes, yes these are low mintages for modern coins but trust me when I say they are not the mintages of a rarity but one for con artists!

I've seen nickel rolls going anywhere from $300 to $500 and dime rolls from $50 to $100. There is even one sleaze bag on a Wensy auction listing a single dime for $25. Please DO NOT BUY at these prices. All you are doing is supporting these scammers!

I've already gotten 1 nickel & 2 dimes in simple pocket change and that's without even trying to look. I'm sure if you go to your local bank they'll have a few or even some rolls that you can purchase at face value. So please do not buy into the hype.

Regards,
Ken

Re: 2009 Nickel & Dime Stoppage

Wed, 06 May 2009 09:08:34 +0000

Is this how you and the kids decide on computer time?

http://s115.photobucket.com/albums/n308/SWThomas/?action=view¤t=man-versus-kids-hilarious-fight.flv

Sorry brother…this was just too funny not to post

Re: 2009 Nickel & Dime Stoppage

Wed, 06 May 2009 05:32:07 +0000

yah, but you have to be sitting in front of your computer to read them…. Not really an option with three kids fighting over the computer all the time :-)

Re: 2009 Nickel & Dime Stoppage

Tue, 05 May 2009 09:10:58 +0000

I stopped getting the hard copy of Coinworld and switched to an e-copy only. I believe even if you subscribe to a hard copy you are still eligible to access the on-line copy by registering at the site http://www.coinworld.com/ .

Sweet part is if you go all electronic the rate is only $9.99 a year and you get access to CoinValues, Worldwide Coins, & Paper Money Values. The also throw in stamp magazines but that's not really my bag. So essentially you are getting 4 magazines for only $10 a year.

Re: 2009 Nickel & Dime Stoppage

Tue, 05 May 2009 05:27:37 +0000

So did you really get your copy of coinworld a full week before me (arrived this afternoon) or are you reading the articles on line?

2009 Nickel & Dime Stoppage

Mon, 27 Apr 2009 21:45:27 +0000

The editors of Coin World have reported that the U.S. mint, as of April 23, has ceased minting 2009 nickel and dime issues. The mint has claimed that a precipitous drop in demand from the Federal Reserve for circulating coinage was the primary reason to cease production. Both the Denver and Philadelphia mints will continue to produce Territory Quarters, Dollar coins, and the remaining Lincoln Commemorative cents but at a reduced production rate.

Based on the dramatic drop in overall mintages, 2009 is shaping up to be a key or semi-key year for all denominations. For collectors, this will add a little excitement to issues targeted for circulation as they keep an eye out for BU coins from banks or in pocket change.

From an economy health view this is not a pretty picture. A lack of coinage demand (especially dimes) is a reflection of people turning in coins to banks at a much higher rate, thus keeping more than enough coins available for business transactions. The economy is fragile enough where people are no longer taking loose change for granted. If this is any kind of early indicator then it may be more than a year before things start looking up.