Message:

<p>[QUOTE=&quot;Conder101, post: 170755, member: 66&quot;]Coin World printed an interview with the Director of the Mint and one of the ideas they have for improving the circulation of the dollar coin is to provide them to banks in smaller rolls.&nbsp; Of course that makes absolutely no sense.&nbsp; If the bank orders $1000 in dollar coins why would they care if they are packed in $10, $20, or $25 rolls?&nbsp; Do they think people are saying &quot;I want a roll of dollars, but I don&#039;t want 25 coins in it.&nbsp; I just want 20 coins.&quot;?</p><p><br /></p><p>Another one of their brilliant ideas to help get them to circulate is to restict the number of coins a bank can order!!!!&nbsp; Can someone explain that one to me?&nbsp; How does not allowing the banks to order as many as they want HELP them circulate?&nbsp; The only (bad) logic I can come up with for this is if they resrict them and people ask for them but can&#039;t get them, it will cause them to WANT them because it will make them appear scarce.&nbsp; So people will then keep asking for them and the banks will be able to distribute all of the coins they are allowed to order.</p><p><br /></p><p>Of course what would really happen is: </p><p>One, few will ask in the first place.&nbsp; </p><p>Two, if they can&#039;t get them, after a couple tries they will stop asking.&nbsp; </p><p>Three, if they do manage to give people an impression that the coins are scarce, they will hoard and not circulate any piece that they do manage to get their hands on.&nbsp; Just like the lay public currently does with half dollars.</p><p><br /></p><p>So that idea accomplishes the exact opposite of what they intend it to do.[/QUOTE]</p><p><br /></p>

Your name or email address:

Do you already have an account?

• No, create an account now.
• Yes, my password is:
• Forgot your password?

Stay logged in