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The attrition rate of United States coins in circulation: some evidence from Federal Reserve data

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  • David Griffiths

Abstract

The United States Mint recently conducted a coin attrition study designed to estimate the rate at which coins are withdrawn from circulation in order to better plan coin production. This paper reports on the analysis of a large sample of coins taken from the United States Federal Reserve Bank cash offices used to estimate coin attrition rates by denomination. The dollar value of the circulating stock of coin available to serve the needs of commerce is estimated to be $11.8 billion (£7.6 billion).

Suggested Citation

  • David Griffiths, 2002. "The attrition rate of United States coins in circulation: some evidence from Federal Reserve data," Applied Economics, Taylor & Francis Journals, vol. 34(16), pages 2023-2029.
    • Handle: RePEc:taf:applec:v:34:y:2002:i:16:p:2023-2029
    DOI: 10.1080/00036840210122362
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