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IKE's being pulled?
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<p>[QUOTE="19Lyds, post: 2187825, member: 15929"]And for the record, just because folks can't or don't know how to get them does not mean that they are being pulled in a physical sense. These coins are money and the coins themselves still exist in Federal Reserve Vaults.</p><p><br /></p><p>There simply is no "demand" for them in open commerce because the dollar bill exists.</p><p><br /></p><p>As of the end of 2011, the Federal Reserve reported that they had presidential dollars, Sacagawea Dollars, Susan B Nthony Dollars and IKE Dollars in their storage facilities which is why the Treasury Department put the skids on anymore circulation uality production. The US Mint is still required by law to produce them. They just don't have to produce so many of them.</p><p><br /></p><p>Also, think of dollar coins this way: These are actual US Money note a paper note indicating it's owned (and borrowed from) by the Federal Reserve Bank which is a privately held corporation. In other words, for each one that the US Mint produces, it's a dollar off the national debt.[/QUOTE]</p><p><br /></p>
[QUOTE="19Lyds, post: 2187825, member: 15929"]And for the record, just because folks can't or don't know how to get them does not mean that they are being pulled in a physical sense. These coins are money and the coins themselves still exist in Federal Reserve Vaults. There simply is no "demand" for them in open commerce because the dollar bill exists. As of the end of 2011, the Federal Reserve reported that they had presidential dollars, Sacagawea Dollars, Susan B Nthony Dollars and IKE Dollars in their storage facilities which is why the Treasury Department put the skids on anymore circulation uality production. The US Mint is still required by law to produce them. They just don't have to produce so many of them. Also, think of dollar coins this way: These are actual US Money note a paper note indicating it's owned (and borrowed from) by the Federal Reserve Bank which is a privately held corporation. In other words, for each one that the US Mint produces, it's a dollar off the national debt.[/QUOTE]
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