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<p>[QUOTE=&quot;GDJMSP, post: 3038576, member: 112&quot;]To answer your question a lot really depends on how you are choosing to define things, ie: economy and financial systems.</p><p><br /></p><p>For example, when I think of what economy means to me, it&#039;s the basic economic health of the entire country taken as a whole. With that understanding, numismatics has a very minor impact. Yes, numismatics contributes to the economy in that it provides jobs, income for businesses, income for the mint, income for airlines, hotels, convention centers, etc etc. But all of it combined is but a drop in the bucket compared to the entire US economy.</p><p><br /></p><p>But when I think of financial systems, that&#039;s an entirely different story. For example, a financial system, to me, is capitalism. Communism would be another financial system.</p><p><br /></p><p>My point being that the economy and our financial system here in this country are two entirely different things. While your question seems to lump them into being the same thing.</p><p><br /></p><p>In any event, numismatics has a very minor effect on both of them.</p><p><br /></p><p>As for this particular comment -</p><p><br /></p><p><i>In previous years legislations have blamed the coin collecting for issues with the economy. Are they right</i></p><p><br /></p><p>No, they were not right. The only time I aware of where coin collecting was blamed for anything was in the 1960&#039;s when coin collectors were blamed for the current shortage of coins in the country. But that simply wasn&#039;t true.</p><p><br /></p><p>The coin shortage did exist, but it existed for only one reason. It existed because of all the talk prior to, during, and after the legislation that put an end of silver being used in our coins. Pretty much everybody in the country knew this was going to happen - long before it did happen. As a result of that knowledge, just about everybody started hoarding all the silver coins sure that they were going to make a fortune on the deal.</p><p><br /></p><p>Coin collectors didn&#039;t cause the coin shortage - the rest of the US population did.[/QUOTE]</p><p><br /></p>

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