Hi everybody. I’m new to this forum but not to the hobby. I’d like to know if anyone has any idea about what the effect, if any, the covid lockdown will have on circulation mintage numbers . Also I wonder if anyone has found any 2020 stuff in circulation yet?
Hi Jesse. Thanks for your welcome and your reply. I’ve been collecting on/off for mostly 50 years but nowhere an expert. I just collect whatever makes me happy. I have a ton of fun at it. A few years ago I was a member of another forum. However that one seems to have gone dormant. So now with the lockdown I’ve found it to be an opportunity to fire things back up again. Also I’m officially an “empty nester” which affords me lots of freedom. I’m sure there are other in the hobby wondering about mintage numbers too. So it would be greatly appreciated if someone could find more info on it.
According to the Mint’s Q2 report, the supply for Canadian circulation coins decreased 65 per cent and 38 per cent for the 13 and 26 weeks, respectively, ended June 27, 2020 (compared to the same periods in 2019).
“Sales of new coins to financial institutions were lower compared to the same periods last year as more financial institution inventory was available to meet the demand from the decrease in coin usage in 2020 due to COVID-19. Coin production began to increase toward the end of the second quarter in response to the decrease in financial institution deposits and growing demand for circulation coins as COVID-19 pandemic restrictions begin to ease and businesses re-open.”
The total coin supply for the previous 26 weeks (ended June 27, 2020) is 922 million compared to 1,491 million (1.49 billion) in the same period in 2019.