THE 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 ...

Full access to this article can be arranged with permission from the client that first ordered it. Please contact us to request access. Entries are uploaded to our archive at least one year after being published by a client – free access is restricted to International News Services journalists for background research only. The article date indicates when copy was filed to a client, not when posted to this archive. Upon client requests, International News Services will remove such articles from the archive or not upload them in the first place. They are included to demonstrate the breadth of topics undertaken by the agency and also to help promote clients’ coverage.