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#291
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"Real" Money
"Joe Fischer" wrote in message ... On Tue, "Bruce Remick" wrote: Usenet.............. Switching from paper to metal is about reducing overhead costs. Nothing to do with the need or usefulness of the do nomination. Correct. That's probably why we haven't done it. Correct for whom, the entity that directly pays for the dollar bill is the FRB, and it is low cost, maybe 5 cents at most. Correct in that any switch from paper to metal would be about cost reduction and not about whether the metal (dollar) coin is needed or considered more useful by the public. The public has already weighed in on that one. If the FRB had to buy all dollar coins this year, they would have to pay the mint face value. The mint can't very well mint dollar coins if nobody orders any, and anybody can order them, so apparently not many people want any. I suspect we feel the same way here, but I'm not really sure. Personally, I am willing to pay for the dollar bills I wear out, just to avoid being told what I must do, which is a subtle way to preserve a little freedom in a country that is moving toward the horrors of socialism in the name of Federalism. Since two-thirds of US currency is overseas, there must be about a Billion people worldwide that prefer the dollar, or gain some benefit from using it. Now I do believe we share the same opinion. I suspect much of the cost of printing dollar bills is gained back because not all of them will ever go back to the FRB. With energy costs going up, transporting tons of metal back and forth could cost more than printing the paper note. In a country that doesn't have a large dispersed population, recirculation transportation is less of a cost problem. I have no idea how a little bank 800 miles from a FRB branch would be able to afford to pay for delivery of dollar coins. Joe Fischer |
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#292
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"Real" Money
In a recent message "Jud" wrote:
OK, this looks like fun! Let me help stir things up a little. Keep in mind that I am being totally satirical. Indeed. I rarely respond to this type of hoho, but variety is the spice of life. What cars originally made in England are currently made elsewhere? A few that come to mind right away are Rolls Royce, Aston Martin, Jaguar. Not sure of the point of that one. How much money is 'wasted' on maintaining the royals? Much less than their estates bring in to the government. And furthermore, I am sure that the US President costs the US government money too. Her Majesty has been head of state for over 50 years, providing a continuity that 4 or 8 years does not provide. How good is your German, the language you would be speaking if not for the USA? False argument. The French did not all speak German during the Occupation. Why did it take so long for the £/S/d system to disappear, and become a more functional decimal system? There was nothing disfunctional about it, other than that the penny was too large for its value. Interestingly, computers now would have no trouble whatsoever coping with the £sd system (and one could argue that if we had retained it the population as a whole might be better at mental arithmetic... :-) And my favorite-Q: Why do the Brits like their beer warm? A: Because Lucas makes their refrigerators too. Because you can taste it! Why anaesthatise your taste buds :-) The other reason is cultural. We have an amazingly different culture over here compared with the US, despite the use of approximately the same language. Cheers! -- Tony Clayton Coins of the UK : http://www.ukcoininfo.co.uk Sent using RISCOS on an Acorn Strong Arm RiscPC .... Oh, I couldn't afford a whole new brain. |
#293
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Coins from Greece, was "Real" Money
In a recent message MDB wrote:
Hi, A lot of the Greek coins I have seen all tend to be quite high in value. Why is this? When I was in Athens last October I passed a guy who had a stall and he had all kinds of coins. Unfortunately, the price tags were not in my budget (I had Ouzo to buy!). I would like to get some higher grade silver Greek coins buy when I see them in Auction catalogues they are in lots and don't carry images unless they are high value ones so you don't really know what you are bidding on. I don't buy through Ebay these days. Do you know of any online coin shops that list Greek coins with images? Also, do you know any coin shops in Athens that I could visit on my next trip? I am hoping to go back at Christmas. Mame Don't the Greeks have laws prohibiting the export of Greek coins? Or are you after modern stuff? -- Tony Clayton Coins of the UK : http://www.ukcoininfo.co.uk Sent using RISCOS on an Acorn Strong Arm RiscPC .... DO NOT BEND, FOLD, STAPLE, OR IN ANY WAY MUTILATE THIS TAGLINE |
#295
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Coins from Greece, was "Real" Money
Ï "Tony Clayton" Ýãñáøå óôï ìÞíõìá
... In a recent message MDB wrote: Hi, A lot of the Greek coins I have seen all tend to be quite high in value. Why is this? When I was in Athens last October I passed a guy who had a stall and he had all kinds of coins. Unfortunately, the price tags were not in my budget (I had Ouzo to buy!). I would like to get some higher grade silver Greek coins buy when I see them in Auction catalogues they are in lots and don't carry images unless they are high value ones so you don't really know what you are bidding on. I don't buy through Ebay these days. Do you know of any online coin shops that list Greek coins with images? Also, do you know any coin shops in Athens that I could visit on my next trip? I am hoping to go back at Christmas. Mame Don't the Greeks have laws prohibiting the export of Greek coins? Yes they do. If they are of high value. But if they are common, low value old coins you can export them. I am not sure if required but I would take an export permit from the National Museum before going to the airport... Or are you after modern stuff? I think that was what he was referring to. -- E' mai possibile, oh porco di un cane, che le avventure in codesto reame debban risolversi tutte con grandi puttane! F.d.A Coins, travels and mo http://pg.photos.yahoo.com/ph/golanule/my_photos http://gogu.enosi.org/index.html -- Tony Clayton Coins of the UK : http://www.ukcoininfo.co.uk Sent using RISCOS on an Acorn Strong Arm RiscPC ... DO NOT BEND, FOLD, STAPLE, OR IN ANY WAY MUTILATE THIS TAGLINE |
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