US MINT
November 1st, 2001
BY KATE REWTHE US MINT is making significantly fewer coins than it did last year due to the downturn of the economy. When the economy is slow, there is a reduction in retail transactions, which translates in a decreased demand for coins, Matthew Kilbourne, Mint spokesperson told Metal Bulletin.The Mint had estimated that it would need to make around 24 billion coins for 2002, but it has now revised its projection to 15-16 billion. Last year saw a record production of 28 billion coins.As a result the Mint is planning to reduce its workforce of 2,861 by around 12 ...
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