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<p>[QUOTE="gatzdon, post: 384699, member: 8247"]The mint will record record orders for this for one reason.</p><p><br /></p><p>I can order $500 cash and pay with my rewards card. I collect the 1% to 5% reward and deposit the cash before the credit card payment is due.</p><p><br /></p><p>===========</p><p><br /></p><p>This should be ticking off the Federal Reserve. They are storing on their books all dollar coins with little chance of any bank ever getting them. The depository institutions are going to ship the commemoratives as long as the mint is flipping the bill for the cost of packaging/shipping, but the dollar bags will still keep flowing in. </p><p><br /></p><p>==========</p><p><br /></p><p>What does the mint really need to do.</p><p><br /></p><p>= Talk to Convenience Store owners. Make them realize that they can cut their losses during a robbery by switching out the dollar bills in their drawers for dollar coins and $2 bills. The typical robbery haul is something like $50 to $100 with the bulk of that being $1 bills.</p><p><br /></p><p>= Work with the BEP and Paper lobbyists to shift the focus from $1 bills to $2 bills. The BEP already makes $2 bills, the Federal Reserver and Member Banks are already set up to handle them, and ramping up production of $2 bills should help the lobbyists feel like they have done something to keep the paper suppliers happy.[/QUOTE]</p><p><br /></p>
[QUOTE="gatzdon, post: 384699, member: 8247"]The mint will record record orders for this for one reason. I can order $500 cash and pay with my rewards card. I collect the 1% to 5% reward and deposit the cash before the credit card payment is due. =========== This should be ticking off the Federal Reserve. They are storing on their books all dollar coins with little chance of any bank ever getting them. The depository institutions are going to ship the commemoratives as long as the mint is flipping the bill for the cost of packaging/shipping, but the dollar bags will still keep flowing in. ========== What does the mint really need to do. = Talk to Convenience Store owners. Make them realize that they can cut their losses during a robbery by switching out the dollar bills in their drawers for dollar coins and $2 bills. The typical robbery haul is something like $50 to $100 with the bulk of that being $1 bills. = Work with the BEP and Paper lobbyists to shift the focus from $1 bills to $2 bills. The BEP already makes $2 bills, the Federal Reserver and Member Banks are already set up to handle them, and ramping up production of $2 bills should help the lobbyists feel like they have done something to keep the paper suppliers happy.[/QUOTE]
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