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2016 Ronald Reagan $1 coin questions...
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<p>[QUOTE="CAM2, post: 2494494, member: 80799"]What value does our country have after we outsourced 90% of our jobs to china?</p><p><br /></p><p>China has the largest copper mine in the world yet we have a problem minting pennies made of 90% copper like they used to be made....</p><p><br /></p><p>The mint said US pennies have a 25 year circulation life...IMO all pennies older than 25 years should be recycled automatically...</p><p><br /></p><p>And yes I do......Theres valuable silver and stuff being held up in lowlevel collections that have slightly above relevant value due to minting errors mixed in and the hope theyll be rich.....</p><p><br /></p><p>People are reluctant to put anything of value back into the system and time seems to make things of slight value go up....Demand drives prices up too.</p><p><br /></p><p>If the mint makes crappier money now than they ever did that would make people relinquish their lowlevel collections and put them back into circulation where theres a 75% chance the govt gets to reclaim the more valuable coins..</p><p><br /></p><p>The other day I bought a 1979 uncirculated coin set for face value because two coins have toned naturally because the seal a meal packaging they used didnt work too well..Im sure that person paid atleast $10 bucks back then for that set..</p><p><br /></p><p>I also got a 1986 .999% Ellis Island Silver dollar proofset with Liberty clad half dollar for face value too cause the silver coin is tarnished slightly....</p><p><br /></p><p>Did they not pass a law in alot of states where its illegal to melt scrap US coin currency to make a profit off of unless you live in a different country like Canada?...Yet it isnt illegal to turn US currency into jewelery and sell the currency for a profit...</p><p><br /></p><p>27 years ago I had a 1934c $500.00 bill I found in a picture frame in a dumpster in front of a home where the owner had died and the family filed his belongings in a pretty interesting way....I took it to the bank to see if it was real...</p><p><br /></p><p>The bank knew me because I was a customer....A few weeks went by and the US Treasury Dept sent me a formal letter trying to force me to relinquish my $500.00 bill based on an act passed by John F Kennedy that wasnt enacted until 1969;- 5 years after his death.....</p><p><br /></p><p>What does that tell you?....That most certainly was the US Treasury dept trying to get me to not profit off of the bill which I did and received 6 times its value based on its condition which was folded once and had two thumbtack or pinholes in it...[/QUOTE]</p><p><br /></p>
[QUOTE="CAM2, post: 2494494, member: 80799"]What value does our country have after we outsourced 90% of our jobs to china? China has the largest copper mine in the world yet we have a problem minting pennies made of 90% copper like they used to be made.... The mint said US pennies have a 25 year circulation life...IMO all pennies older than 25 years should be recycled automatically... And yes I do......Theres valuable silver and stuff being held up in lowlevel collections that have slightly above relevant value due to minting errors mixed in and the hope theyll be rich..... People are reluctant to put anything of value back into the system and time seems to make things of slight value go up....Demand drives prices up too. If the mint makes crappier money now than they ever did that would make people relinquish their lowlevel collections and put them back into circulation where theres a 75% chance the govt gets to reclaim the more valuable coins.. The other day I bought a 1979 uncirculated coin set for face value because two coins have toned naturally because the seal a meal packaging they used didnt work too well..Im sure that person paid atleast $10 bucks back then for that set.. I also got a 1986 .999% Ellis Island Silver dollar proofset with Liberty clad half dollar for face value too cause the silver coin is tarnished slightly.... Did they not pass a law in alot of states where its illegal to melt scrap US coin currency to make a profit off of unless you live in a different country like Canada?...Yet it isnt illegal to turn US currency into jewelery and sell the currency for a profit... 27 years ago I had a 1934c $500.00 bill I found in a picture frame in a dumpster in front of a home where the owner had died and the family filed his belongings in a pretty interesting way....I took it to the bank to see if it was real... The bank knew me because I was a customer....A few weeks went by and the US Treasury Dept sent me a formal letter trying to force me to relinquish my $500.00 bill based on an act passed by John F Kennedy that wasnt enacted until 1969;- 5 years after his death..... What does that tell you?....That most certainly was the US Treasury dept trying to get me to not profit off of the bill which I did and received 6 times its value based on its condition which was folded once and had two thumbtack or pinholes in it...[/QUOTE]
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2016 Ronald Reagan $1 coin questions...
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