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#1
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i don't understand why the fed would want you to collect coins
it seems to me that a collected coin is not doing its job of
circulating and if it is not circulating they have to make more to take their places costing money but i guess they just make more to pay themselves i'm not sure how this money idea really works in real life it seems to me if everybody collected the coins there wouldn't be enought to make change or use in parking meters but i guess they can make as much change as they want but if i were them i would change nothing on the coin not even the date(why bother) to keep them circulating i love the idea of a $1 coin (i guess it will always have a woman on it from now on i see the trend) but i've only seen one in a cash register and never have been given any as change has anybody been given a $1 coin in change without asking or bein asked for it? |
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#2
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wrote in message om... it seems to me that a collected coin is not doing its job of circulating and if it is not circulating they have to make more to take their places costing money but i guess they just make more to pay themselves i'm not sure how this money idea really works in real life it seems to me if everybody collected the coins there wouldn't be enought to make change or use in parking meters but i guess they can make as much change as they want but if i were them i would change nothing on the coin not even the date(why bother) to keep them circulating i love the idea of a $1 coin (i guess it will always have a woman on it from now on i see the trend) but i've only seen one in a cash register and never have been given any as change has anybody been given a $1 coin in change without asking or bein asked for it? The government wants you to collect coins because the cost too make the coin is much less than its intrinsic value. |
#3
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On Thu, 25 Nov 2004 04:37:49 GMT, "tom" wrote:
wrote in message . com... it seems to me that a collected coin is not doing its job of circulating and if it is not circulating they have to make more to take their places costing money but i guess they just make more to pay themselves i'm not sure how this money idea really works in real life it seems to me if everybody collected the coins there wouldn't be enought to make change or use in parking meters but i guess they can make as much change as they want but if i were them i would change nothing on the coin not even the date(why bother) to keep them circulating i love the idea of a $1 coin (i guess it will always have a woman on it from now on i see the trend) but i've only seen one in a cash register and never have been given any as change has anybody been given a $1 coin in change without asking or bein asked for it? The government wants you to collect coins because the cost too make the coin is much less than its intrinsic value. Just like the post office wants you to collect stamps. They print them, you buy them and they bank the money because they never really have to do anything for the "services" you've purchased. The mint and even the BEP know it too, they make good money on what you buy and most of the stuff never sees any type of real commerece once it's slabbed or put away. |
#4
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This is an interesting editorial from Gokd Eagle about the fiat money
system.It may explain a little about how the monetary system works. http://www.gold-eagle.com/gold_diges...ott112404.html -- Today 50 families will find out their child has autism. 1 in 150 children have an autism spectrum disorder. wrote in message om... it seems to me that a collected coin is not doing its job of circulating and if it is not circulating they have to make more to take their places costing money but i guess they just make more to pay themselves i'm not sure how this money idea really works in real life it seems to me if everybody collected the coins there wouldn't be enought to make change or use in parking meters but i guess they can make as much change as they want but if i were them i would change nothing on the coin not even the date(why bother) to keep them circulating i love the idea of a $1 coin (i guess it will always have a woman on it from now on i see the trend) but i've only seen one in a cash register and never have been given any as change has anybody been given a $1 coin in change without asking or bein asked for it? |
#5
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An article in the December issue of Coin News UK states that the
seigniorage so far for the state quarter program is $3.1 billion and it could exceed $5.1 billion. Billy tom wrote: wrote in message om... it seems to me that a collected coin is not doing its job of circulating and if it is not circulating they have to make more to take their places costing money but i guess they just make more to pay themselves i'm not sure how this money idea really works in real life it seems to me if everybody collected the coins there wouldn't be enought to make change or use in parking meters but i guess they can make as much change as they want but if i were them i would change nothing on the coin not even the date(why bother) to keep them circulating i love the idea of a $1 coin (i guess it will always have a woman on it from now on i see the trend) but i've only seen one in a cash register and never have been given any as change has anybody been given a $1 coin in change without asking or bein asked for it? The government wants you to collect coins because the cost too make the coin is much less than its intrinsic value. |
#6
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No 2000man. Those gold dollars were a bust. I have never spent or
recieved one in real life. But from what I understand, they are a hit in South America. The concept of metal dollars will never catch on in this country. I do favor the minting of $5, $10, and $20 coins. Maybe one day. Jim |
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