Congratulations to the coining team at United States Mint in Philadelphia for hitting a new one-day production record. On August 21, 2014 the U.S. Mint published this press release about a new one-day production record there.
Philadelphia’s Coining division staff
The Coining Division at the United States Mint in Philadelphia hit a record on July 24, 2014—42.44 million coins delivered in one day, easily surpassing the old record of 38.28 million set in October 2013.
While production of 30 million coins per day is not uncommon at the Philadelphia Mint, producing over 40 million in one day is a an amazing accomplishment. Every employee, department, machine, part, die, tool, and blank has to be perfect and perform flawlessly.
“Beating the old record by over four million coins with the same number of presses was a tremendous achievement,” said Joe Falls, Coining Division Manager. “There were many key factors—first and foremost was the dedication and hard work of our employees. But we also had outstanding die life, great blanks from BAU and near-perfect press availability.”
Is this a sign of the coming apocalypse? Can coin production only go down from here? If only dinosaurs like me are still using coins in daily transactions, where are all these coins going? I get that the economy's improving and merchants may be ordering more coins from their banks, but is all of this change just going into drawers and Coinstar machines?
THE BOOK BAZARRE
RENAISSANCE OF AMERICAN COINAGE
Wizard Coin Supply is the official distributor
for Roger Burdette's three volume series that won
NLG Book of the Year awards for 2006, 2007 and 2008.
Contact us for dealer or distributor pricing at
Wayne Homren, Editor
The Numismatic Bibliomania Society is a non-profit organization
promoting numismatic literature. See our web site at coinbooks.org.
To submit items for publication in The E-Sylum, write to the Editor
at this address: firstname.lastname@example.org
To subscribe go to: https://my.binhost.com/lists/listinfo/esylum
Copyright © 1998 - 2020 The Numismatic Bibliomania Society (NBS)
All Rights Reserved.
NBS Home Page
Contact the NBS webmaster