Tag Archives: coin collecting

Economic Recovery?

29 Apr

proof-coin

If you listen to the politicians and main street media we are in the midst of an economic recovery. I have 2 main indicators to let me know when things are good economically. One is the amount of people I see eating out in restaurants. Two years ago, if you went out to eat on a Friday or Saturday night between the hours of 5:30 – 7:00 you would have to wait in line for a table at almost any restaurant in our town. But now you can just breeze right in at any place and be seated right away. That tells me people are having to cut back on their discretionary spending. Another way I can tell is circulating coins or lack thereof. I used to collect coins until I decided I could better spend my money elsewhere. But I still look through my pocket change every day to see what I can find. I always try to save a new bright shiny example of each years denomination of coin from each mint. Usually by the middle of February I start to see the new coins. This year it was April 9th before I saw even one new penny, and since then I have not seen another single new coin! This tells me the banks are not ordering any new money to put in circulation. They just keep reusing the same old coins. That tells me there is not a lot of money circulating around here. People are either holding on to their money, or they don’t have much money in the first place. So how do you personally judge the state of the economy?

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