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Bill would stop production of Presidential dollars
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<p>[QUOTE="Numismania, post: 1231551, member: 28971"]The fact that the gov't is spending over half a million dollars (I read $650,000 in the latest issue of CoinWorld) just to build an addition to the Fed reserve in Dallas, to house the 'overflow', shows that there SHOULD be an end to minting these, at least for general circulation, and make them specifically for collectors, much like the Kennedy half. It's like putting an addition on your house just because you have too many clothes to fit in your closet. The American public has shown they just don't like the dollar coin, and that was proven back in 1979-1980, with the SBA. If the gov't wants us to use the $1 coin, then they absolutely have to stop printing the $1 note, period...if not, they'll be building more additions to house the coins that haven't even been minted yet. </p><p><br /></p><p>I don't see these ever becoming an 'investment' vehicle (but, and thats a BIG 'but'...IF they rise due to discontinuation, I do have two sets of FDCC's from the mint for every issue...one gets opened for my Dansco, and the other gets put into a box, and put away). No coin should be collected for that purpose...not circulating coinage, anyway. JMHO.[/QUOTE]</p><p><br /></p>
[QUOTE="Numismania, post: 1231551, member: 28971"]The fact that the gov't is spending over half a million dollars (I read $650,000 in the latest issue of CoinWorld) just to build an addition to the Fed reserve in Dallas, to house the 'overflow', shows that there SHOULD be an end to minting these, at least for general circulation, and make them specifically for collectors, much like the Kennedy half. It's like putting an addition on your house just because you have too many clothes to fit in your closet. The American public has shown they just don't like the dollar coin, and that was proven back in 1979-1980, with the SBA. If the gov't wants us to use the $1 coin, then they absolutely have to stop printing the $1 note, period...if not, they'll be building more additions to house the coins that haven't even been minted yet. I don't see these ever becoming an 'investment' vehicle (but, and thats a BIG 'but'...IF they rise due to discontinuation, I do have two sets of FDCC's from the mint for every issue...one gets opened for my Dansco, and the other gets put into a box, and put away). No coin should be collected for that purpose...not circulating coinage, anyway. JMHO.[/QUOTE]
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Bill would stop production of Presidential dollars
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