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Presidential Dollars are overproduced yet no one has any
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<p>[QUOTE="jwa_jwa_jwa, post: 1015267, member: 22516"]I agree that unless the dollar is dropped, widespread adoption won't be driven by need. Take the 2 options though, the dollar is not removed and the unpopular coins (with a 10 year supply already in place, and STILL growing) sit idle with small amounts distributed through the Direct Ship. This ultimately means the Mint and lawmakers who voted to create them in the first place failed in their attempt to save the country money. The coins will probably be distributed painfully slowly over several decades possibly. However, if I want to create a set of all the coins to give my kids and grandkids, I'm going to have to pay those fly by night coin guys with heavy markups to get one of each.</p><p><br /></p><p><br /></p><p>In absence of that, the dollar is replaced and the coins are forcibly and by need, circulated throughout --- heavy demand begins. If you want a set of all Presidents, it will take time but you might choose to just buy a set from the fly by night coin guys.</p><p><br /></p><p>So maybe you're right, there is no premium off the top, a premium 'might' be created by those wanting to collect sets to share with their kids and grandkids or for display purposes.[/QUOTE]</p><p><br /></p>
[QUOTE="jwa_jwa_jwa, post: 1015267, member: 22516"]I agree that unless the dollar is dropped, widespread adoption won't be driven by need. Take the 2 options though, the dollar is not removed and the unpopular coins (with a 10 year supply already in place, and STILL growing) sit idle with small amounts distributed through the Direct Ship. This ultimately means the Mint and lawmakers who voted to create them in the first place failed in their attempt to save the country money. The coins will probably be distributed painfully slowly over several decades possibly. However, if I want to create a set of all the coins to give my kids and grandkids, I'm going to have to pay those fly by night coin guys with heavy markups to get one of each. In absence of that, the dollar is replaced and the coins are forcibly and by need, circulated throughout --- heavy demand begins. If you want a set of all Presidents, it will take time but you might choose to just buy a set from the fly by night coin guys. So maybe you're right, there is no premium off the top, a premium 'might' be created by those wanting to collect sets to share with their kids and grandkids or for display purposes.[/QUOTE]
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Presidential Dollars are overproduced yet no one has any
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