Tuesday, April 15, 2008

Mint: March 2008 (retro-blogged)

March 2008 data went up today. The Mint has restored the 2007 data, and removed the 2005 data, as they should have done in February.

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.

No comments: