Can someone explain why the US is coming out with a set of 50 new quarters over the next five years? Does the Mint somehow envy the Postal Service with the flood of commemerative stamps it churns out each year and yearn for the same glory? Do they want to distract us from the funny looking paper money they’re pushing?
I understand the stamps - the Postal Service gains whenever a collector buys a 33 cent stamp that never gets used to deliver a letter - that’s practically free money going straight to the old bottom line. But coins? The Mint produces coins to circulate around as we buy and sell stuff. If some percentage of coins gets diverted into the hands of collectors, or if not their hands, to their sock drawers, doesn’t it just mean they need to produce more coins?