Message:

<p>[QUOTE=&quot;fretboard, post: 1341626, member: 19765&quot;]The US Mint is one of the best government agencies I can think of so why do they constantly make poor decisions when it comes to minting coins?&nbsp; I can name 3 just off the top of my head but there have been plenty.&nbsp; Of course the Susan B. Anthony, the Eisenhower Dollar and now the President Dollars, like nobody saw that coming.&nbsp; President dollars and the unexpected stockpile.&nbsp; </p><p><br /></p><p>Last count according to Wiki is 1.4 billion coins and counting.&nbsp; That is totally ridiculous!!&nbsp; Incidentally, &quot;The United States Government Accountability Office (GAO) has stated that&nbsp; discontinuing the dollar bill in favor of the dollar coin would save&nbsp; the U.S. government approximately $5.5 billion over thirty years&quot;, so it&#039;s not like nobody knows what time it is here.&nbsp; We&#039;ve already had numerous threads about dumping the paper dollar so I won&#039;t get into that but this is a total embarrassment.&nbsp; </p><p><br /></p><p><i><b>When will the US Mint start taking charge of minting coins? </b></i> I know somebody is gonna say well it&#039;s all up to congress and try to diminish this post but I have to disagree.&nbsp; All of our gov&#039;t agencies including congress are full of attorney&#039;s.&nbsp; With access to the best lawmakers in the world why can&#039;t someone simply write in a stipulation to the HR law that says, (if at any time during the minting of said coins it is discovered that subject coin idea is falling flat and the US Mint is not gonna make any money; then said agency has the right to stop minting them by notifying the House of Representatives 90 days prior to the act of discontinuing the minting of said coins.)&nbsp; It can&#039;t be that hard, after all the US Mint keeps great records of how many coins are minted and how many are sold.&nbsp;&nbsp; </p><p><br /></p><p><i><b>Excuuuuuse the venting</b></i> but hopefully some Congressional Aide will read this and pass it on to their boss to put together an idea.&nbsp; Or more likely someone will write about it in CoinWorld magazine or something.&nbsp; Now if it&#039;s not possible b/c there&#039;s too much gov&#039;t red tape involved, then I suggest some people get fired and the gov&#039;t start all over again when it comes to minting coins.&nbsp; Maybe they should just sub-contract minting of coins out to Kitco or Provident.&nbsp; That&#039;s sure to save money, heck just sub-contract to Daniel Carr.&nbsp; <img src="styles/default/xenforo/clear.png" class="mceSmilieSprite mceSmilie8" alt=":D" unselectable="on" unselectable="on" />&nbsp; </p><p><br /></p><p><br /></p><p><br /></p><p><a href="http://www.coinnews.net/2012/01/06/us-mint-adds-presidential-1-coin-products-cuts-prices/" target="_blank" class="externalLink ProxyLink" data-proxy-href="http://www.coinnews.net/2012/01/06/us-mint-adds-presidential-1-coin-products-cuts-prices/" rel="nofollow">http://www.coinnews.net/2012/01/06/us-mint-adds-presidential-1-coin-products-cuts-prices/</a>[/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