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House subcommittee hears Mint and BEP heads
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<p>[QUOTE="NOS, post: 3203995, member: 2098"]What the House subcommittee should be discussing is the retirement of the half dollar. The government, which has an ever-increasing supply of half dollars due to their decline in usage at casinos, should cease issuing them for circulation and all extant government stockpiles destroyed.</p><p><br /></p><p>Now, don't get me wrong. I like half dollars from a collecting point of view. However, when the only demand for a monetary instrument is to mine them for a semi-precious metal, it is a sign that it is long since time to say goodbye. Banks will be happy for not having to deal with and handle these heavy and cumbersome coins and the government will be happy for not having to pay millions on an annual basis to store them. Ditto for logistical cash companies not having to mess about transporting, counting, rolling and boxing what are essentially boat anchors.[/QUOTE]</p><p><br /></p>
[QUOTE="NOS, post: 3203995, member: 2098"]What the House subcommittee should be discussing is the retirement of the half dollar. The government, which has an ever-increasing supply of half dollars due to their decline in usage at casinos, should cease issuing them for circulation and all extant government stockpiles destroyed. Now, don't get me wrong. I like half dollars from a collecting point of view. However, when the only demand for a monetary instrument is to mine them for a semi-precious metal, it is a sign that it is long since time to say goodbye. Banks will be happy for not having to deal with and handle these heavy and cumbersome coins and the government will be happy for not having to pay millions on an annual basis to store them. Ditto for logistical cash companies not having to mess about transporting, counting, rolling and boxing what are essentially boat anchors.[/QUOTE]
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