So will next year, 2021 be like 2009..
Welcome guest, is this your first visit?
Member
Discoveries
 
Results 1 to 6 of 6
Like Tree6Likes
  • 1 Post By Scott (Mich)
  • 4 Post By Diver_Down
  • 1 Post By SFBayArea

Thread: So will next year, 2021 be like 2009..

« Prev Thread | Next Thread »
  1. #1
    us
    Mar 2007
    Michigan
    Whites V3i
    484
    73 times
    All Types Of Treasure Hunting

    So will next year, 2021 be like 2009..

    Will next year be a repeat of 2009, when we had a lower than usual mintage of U.S. coins?

    The reason that I thinking it may be possible, is that with people being hunkered down and some also not working from home, they will be digging through their stashes of coins and then taking them to the local bank or Coinstar machine, just so they can have cash to get by. As we know, coins turned in by people equals less needed by the banks from the US Mint.

    I guess that it all depends on how long we have to do the "social distancing/self quarantine" thing.

    Thoughts?
    Sleepy Holow likes this.

  2. #2
    Charter Member
    us
    Dec 2008
    St. Augustine, FL
    4,254
    1869 times
    It is certainly possible. I also think it will be reasonable to expect an uptick in 40%'ers found in the wild. Right now, each 40%'er is worth $1.80. Depending on how quick of a rebound will determine if coin dealers will buy them. They aren't going to commit their much needed capital to buying coins that aren't worth sitting on in order to realize a profit. People that are turned away from selling their 40%'ers will dump them.

  3. #3
    Charter Member
    us
    Nov 2012
    Maryland
    XP Deus, Tesoro Cibola, Full sized shovel and a backhoe
    16,212
    29700 times
    All Types Of Treasure Hunting
    Banner Finds (8)
    Honorable Mentions (1)
    We'll have to watch it.

  4. #4
    us
    Aug 2009
    White's MXT
    2,256
    31 times
    Who is to say that 2020 won't be like 2009? Spot silver prices have dipped but I don't see any drop in physical silver coin prices. On Ebay, silver coin prices haven't changed.
    Sleepy Holow likes this.

  5. #5
    us
    Apr 2018
    Central PA
    35
    64 times
    All Types Of Treasure Hunting
    I believe 2020 will be the low mintage year. My guess is they have skeleton crews working in the mints right now if they haven't been shut down yet this week. Demand for physical coinage and cash will be low due to an increase in online purchasing or use of credit cards. There aren't a whole lot of people interested in handling coins right now.

  6. #6

    Jan 2016
    394
    806 times
    The Royal Canadian Mint completely closed down for at least 2 weeks.
    US Mint might do the same.

 

 

Home | Forum | Active Topics | What's New

Sponsored Links

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •  

Similar Threads

  1. Any Sealab 2021 fans on here?
    By otis89 in forum What's It Worth?
    Replies: 0
    Last Post: Dec 03, 2016, 11:09 PM
  2. My treasure in 2009 year
    By izruska in forum My Best Finds!
    Replies: 7
    Last Post: Jan 04, 2012, 08:13 AM
  3. 2009 What a Year! IRON Brigade Year-End Post
    By BuckleBoy in forum 2009 Annual Finds
    Replies: 41
    Last Post: Aug 06, 2010, 09:54 PM
  4. 2009 End of year closeout
    By Fredness in forum 2009 Annual Finds
    Replies: 8
    Last Post: Jan 03, 2010, 08:05 PM
Powered by vBadvanced CMPS v4.3.0