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Is there any way to make a certified coin mainstream?
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<p>[QUOTE="Owle, post: 1406152, member: 22004"]Here is my idea, let me know what you think. A large coin company decides to support the price of MS63 NGC/PCGS certifed Morgan dollars at a realistic price, could be $45 or $50. Then you make these a universally traded item that certain banks will also agree to take at those levels in their deposits from customers and businesses.</p><p><br /></p><p>So it is sort of like Bluesheet, where coins trade at certain levels, sight-unseen. Is there any way to make this work? You go to the gas station and offer an MS63 certified Morgan dollar against the tank of gas you get. You go to the grocery store or Walmart and they accept the Morgan dollars, certified in trade as long as your total purchase is over the value of the Morgan dollar, that way you don't get into complicated cash back situations. The incentive for the business is they get a tangible asset with a guaranteed value. I realize initially this would take large amounts of money to make it fly until they started listing MS63 Morgans in the morning paper with the current unit price. This would be a boost to the coin businesses, it would encourage excitement and interest in historical coinage, and there might also be a side business as the demand increased and the supply grew less in various aspects.[/QUOTE]</p><p><br /></p>
[QUOTE="Owle, post: 1406152, member: 22004"]Here is my idea, let me know what you think. A large coin company decides to support the price of MS63 NGC/PCGS certifed Morgan dollars at a realistic price, could be $45 or $50. Then you make these a universally traded item that certain banks will also agree to take at those levels in their deposits from customers and businesses. So it is sort of like Bluesheet, where coins trade at certain levels, sight-unseen. Is there any way to make this work? You go to the gas station and offer an MS63 certified Morgan dollar against the tank of gas you get. You go to the grocery store or Walmart and they accept the Morgan dollars, certified in trade as long as your total purchase is over the value of the Morgan dollar, that way you don't get into complicated cash back situations. The incentive for the business is they get a tangible asset with a guaranteed value. I realize initially this would take large amounts of money to make it fly until they started listing MS63 Morgans in the morning paper with the current unit price. This would be a boost to the coin businesses, it would encourage excitement and interest in historical coinage, and there might also be a side business as the demand increased and the supply grew less in various aspects.[/QUOTE]
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