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Quarter halfway through change

Posted: Thursday, November 06, 2003

WASHINGTON On the road to change, the quarters are halfway there.

The U.S. Mint's 50-state quarter program, which began with Delaware and will end with Hawaii, reached the halfway mark last week with the debut of the Arkansas 25-cent piece.

Quarters are produced in the order that the states ratified the U.S. Constitution and joined the Union. The states come up with the design, which features images or themes honoring the state.

''Discovery and innovation has been the strongest theme,'' as seen on the North Carolina, Virginia, Missouri and other state quarters, said Henrietta Holsman Fore, director of the Mint.

Most states also have opted for an outline of their state, she said. Other themes include the land and natural beauty, state capitals, liberty, courage and music.

The state designs are on the back of the coin, while the front retains the familiar image of the nation's first president, George Washington.

Including the release of the Missouri coin, No. 24, the Mint has produced 20.8 billion state quarters since the program began in 1999.

How many quarters are minted depends on the country's overall demand for coins, Fore said.

''If the economy is strong, it increases the usage of all coins and thus there is higher demand to mint and when the economy is slow there is less demand,'' she said.

The three quarters with the highest mintage Virginia, 1.59 billion, Connecticut, 1.35 billion, and South Carolina, 1.3 billion were all made before the 2001 recession hit.

The Maine quarter has the lowest mintage, 448.8 million, followed by Missouri, 453.2 million, and Alabama, 457.4 million. All three coins were produced this year, as the economy struggled to get back on firmer footing.

In good economic times or bad, the state quarters have led to ''a renaissance for coin collecting in America,'' Fore said.

Roughly 130 million Americans collect the state quarters, Fore said. ''That represents at least one state quarter collector in every household,'' she added.

''Americans collect the quarters because they will be scarce. We mint a quarter for 10 weeks and 10 weeks only and we will never mint it again,'' she said.

The Arkansas quarter, unveiled last Tuesday, is the 25th state quarter and features the image of a diamond, rice stalks and a mallard flying above a lake. It was the last of the state quarters released in 2003.

For 2004, five state quarters are to be released: Michigan, Florida, Texas, Iowa and Wisconsin.

The state quarter program will end in 2008 with Hawaii.

The District of Columbia which is not a state is not slated to get a quarter of its own. Congress would have to pass legislation for that to happen, Mint spokesperson Michael White said.



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