Stakeholders were unconcerned about changes to the nickel as long as the changes would not affect how the coin functioned, for example, in vending machines. However, Federal Reserve officials and some stakeholders expressed concern about temporarily suspending the penny due to the potential for external effects, such as penny shortages. It also estimates that it could save about $74 million over 10 years by changing the metal composition of the dime and quarter. Mint estimates that it could save approximately $250 million over 10 years by suspending penny production and between $2 million and $9 million per year by changing the metal composition of the nickel. For example, armored carriers told GAO that their transportation costs would increase because coins weigh more than notes.Įstimated Cumulative Present-Value Net Loss to the Government from Actively and Gradually Replacing $1 Notes with $1 Coins over 30 Years Seven of 10 stakeholders GAO met with said that replacing the $1 note with a $1 coin would result in additional costs. Stakeholders generally identified few benefits from replacing $1 notes with $1 coins. For example, the lifespan of the $1 note has more than doubled since a 2011 GAO analysis, from 3.3 years to 7.9 years, largely due to changes in note processing technology. GAO's estimates are based on current data and economic projections, which have changed over time. These simulations represent the first time GAO has found that replacing the $1 note with a $1 coin would result in a net loss to the government rather than a net benefit. GAO found the government would incur a loss of about $611 million if notes were actively replaced and about $2.6 billion if $1 notes were replaced gradually (see figure). There are so many errors and varieties on quarters that searching for them could keep collectors busy forever! (Sort of like all the error pennies do.) Some of the most fascinating errors and varieties to be found on the quarter are worth hundreds, even thousands of dollars.GAO's analysis found that replacing the $1 note with a $1 coin would likely result in a net loss to the government over 30 years. 1983 No S Dime - $500+ Quarter Error Coins List.These are the dime errors you should be looking for - and their current value: Still, there are several rare dime errors and varieties that can be found in your pocket change. The problem is, some of these errors (particularly the many “No S” mintmarks on the proof Roosevelt dimes) won’t be found in circulation - they only exist in collector proof sets. Some of the most valuable error coins are found among dimes. The Scarcest Jefferson Nickels – $18,000+ Dime Error Coins List.Buffalo Nickel Errors & Varieties - up to $5,000+.12 Jefferson Nickel Errors & Varieties - up to $1,000+.No-Date or Dateless Buffalo Nickels - 20 cents+ (these are not errors or varieties, but many people think they are).These are the nickel errors you should be looking for - and their current value: In fact, one of the most important error varieties of the 20th century is found on the 1937-D Buffalo nickel. While there are not as many significant errors or varieties specific to nickels as there are pennies, that doesn’t mean you shouldn’t keep your eyes peeled for some incredible finds on your five-cent coins. The bottom line… When it comes to pennies, there are lots of valuable errors to look for! These are the penny errors you should be looking for - and their current value: Penny Error Coins Penny Error Coin Value Floating Roof Lincoln Memorial Pennies $1+ (officially, these are not categorized as errors or varieties but are worth mentioning) Large Date vs. They range in value from a few dollars to as much as $200,000+ and include a smorgasbord of cool rarities and unusual pieces. Pennies offer a plethora of errors and varieties - some are fairly common and some are extremely rare.
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