Compared to March '07, pennies are down 71.2% and nickels are down 74.5%. (No wonder I haven't found any 2008s.) Is this a sign of inflation or deflation? I'll let you decide.
Also, check out the wide disparity between Denver and Philly mintages:
http://tinyurl.com/2fufzb
Usually D and P mintages are about equal. This year the D mintages are about 40% larger than the P mintages. The imbalance is most notable in coins smaller than 25 cents. Anyone know what to make of this?
[....]
| In Jan-March 2007, the Mint made 2.16B pennies, 395M nickels, 639M dimes, and 813M quarters. In Jan-March 2008, the Mint made 1.05B pennies, 167M nickels, 239M dimes, and 628M quarters. That means 51%, 57%, 62%, and 22% reductions, accordingly. If this trend continues, there's no sign the Mint will increase the production of anything this year. 2008 might be a low point for mintages in this decade. Plans change and estimates/predictions will be proven right or wrong. We'll wait and see. |
