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Why are coins minted every year?

Coins are minted to keep up with demand. Every year a certain number are damaged, lost, stolen, or just plain hoarded so the number in circulation would drop unless new ones are made. But in fact, not every denomination is minted every year. In the past, if economic activity was low due to a recession or depression, some denominations might be skipped entirely. For example there were large numbers of most coins on hand in 1921, so during the economic downturn of 1922 only cents and dollars were minted. During the Great Depression of 1929-34, some denominations were suspended for multiple years. Recently, only small runs of nickels and dimes have been made because of the current (2009-10) recession. Because coin collecting has become a major hobby in the last few decades, the Mint now tries to issue every denomination every year. Many collectors pride themselves on being able to assemble sets with every date. Because they're willing to pay a premium for uncirculated or proof coins, the Mint is happy to oblige by minting those special coins even if they don't make any regular ones for circulation. Examples are $1 coins dated 2002 to 2006, and half dollars from most of the first decade of the 2000s.


How were most electric housewares and fans sold by the early 2000s?

By the early 2000s little product was sold directly from the manufacturer to the consumer. Instead, manufacturers sold to mass distribution networks on a wholesale basis, using account representatives


How old am i if i was born in the 1990's and i turned 2 years old in the 2000s?

i would have been born in 1998 and turning 11 in 2009


Where is the phrase 'because I'm worth it' from?

The phrase, "because I'm worth it", became famous in the mid 2000s because L'Oreal used this to advertise their cosmetic products. Later on, the phrase will alter to meet new needs.


What number does decade represent?

A decade represents a period of ten years. It is often used to describe a specific time frame in history, such as the 1990s or the 2000s. The term can also refer to any ten-year span, regardless of the starting year.

Related Questions

In the 2000s which was true of 10 percent of all Americans?

they was born in a different country


What is the best selling product in the hard flooring industry?

In the 2000s, linoleum had the lion's share of the market, with about 85 percent


How did the economy affect the plastics industry in the early 2000s?

During the early 2000s the plastics industry was suffering from the effects of a sluggish economy. Total resin sales in 2001 fell by 3.8 percent from the previous year.


What percent of wheat is exported?

The United States is the world's top exporter of wheat. In the early 2000s roughly 50 percent of total harvested crops were accounted for in exports.


Percentage of computer literacy in India?

The percentage of computer literacy in India has improved in the 2000s, as it was at a low six percent. In 2014, however, it is still fairly low, at 15 percent.


Are chicken farms usually small?

Approximately 73 percent of chicken farms employed fewer than four workers in the early 2000s, and over 9 percent employed between five and nine workers.


What is the value of a 1999 50 euro cent in us dollars is it worth anything being as how it didnt go into circulation until the 2000s?

no more than its face value good luck! Fr B+


Some 12.1 percent of Afghanistan's land is classified as arable; however, in the early 2000s a four-year drought cut that figure in half. In 2004 only 0.2 percent of the total was planted to permanent crops."?

deficient


How did the snack food industry grow at the beginning of the 2000s?

Sales for the snack food industry reached $21.8 billion in 2001, up 5.1 percent from 2000


How may the market for bottled water be said to thrive in the early 2000s?

by late 2002 bottled water volume was growing some 10 percent worldwide, outpacing carbonated soft drinks (7.9 percent) and coffee (4 percent) over a six-year period


Will the measuring and control devices industry grow?

Through the mid-2000s, the miscellaneous measuring and controlling devices industry was projected to grow at an annual rate of 3 percent.


What company leads the finfish industry?

In the early 2000s, leading companies in the industry included Zapata Corporation, through its 60 percent ownership in Omega Protein Corporation.