$1 Billion in Coins Nobody Wants
The tresury needs to stop printing dollar bills, nickels, and pennies. It costs tax payers billions to continue the fantasy that pennies and nickels are worth having. Dollar coins cost more to preduce, but they last a lot longer than bills, so it saves tax dollars. The Congress won't face the reality becuase the public whines they like the worthless coins and the paper dollar.
It's really a pretty good scam. Mint the Presidential quarters for 32 cents, package 5 of them in a plastic case that costs 50 cents to make and then sell them to numismatists for $10 a pop. It's a great money making tool! Most of the Presidential wind up in collections, never being spent, so the government makes even more off them. Its a good deal for the government!
We get $50 of these coins from our credit union every week and spend them on small purchases, tips, etc. We have been doing this for about 2 years, trying to do our part to get them into circulation! Unfortunately, many people view them as curiosities and want to "save" them. If we had to use them instead of paper I doubt people would be hoarding them.
A bottle of coke once cost a dime. Today it costs a dollar. A dollar bill is now only worth a dime. Why are we spending over $1 billion annually to replace almost every dollar bill? Why are we still making dimes in paper that must be trashed every 15 months?
The entire world uses only coins for something as trivial as a dollar. Only the US wastes over $1 billion annually making dollars in paper. The coin dollar bill is still in circulation 20 years later.
Obvious, dollar bills in paper should have been eliminated long ago. The Brits, Europeans, and even Canadian use coins for $2 and $3 currency. Nobody is so foolish as to make tiny currency in paper. It costs too much.
Why did the ABC reporter not finish his investigation? We could save $1 billion annually by eliminating paper dollar bills. But that meant he did full research.
The reporter should have discussed other waste. A penny that has no purpose - that cannot purchases anything any more. Today’ dime is only worth a penny. We should be talking about replacing the paper $5 bill. And planning to eliminate the nickel. Coins too tiny to remain in circulation. Paper that is too expensive to keep replacing annually.
Replace the paper dollar bill to save $1 billion annually. Eliminate the penny completely.
Just another display of the arrogance and the ignorance permeating congress! I want to see our govermentshut down, cleaned out and then re-organized like other corrupt companies must do from time to time to survive. And NO, this IS NOT OBAMA's fault. Check your stats all you Obama haters. President Clinton was the last president to actually run this country like the successful business it should be 1993-2001. Then came the Bush'd, then came out of control spending and outlandish corruption!
Old Mexican Coins - News
Make dollar coins, STOP making dollar bills. We are the last country in the world to have a note of this little value. The 1 Euro ($1.45) is a coin, Pound Sterling ($2.45) is a coin, 10 Mexican Pesos ($1.10) is a coin. A dollar coin is much more
While doing renovations on the home's basement, Otis Webb discovered the heavy molds for the Mexican silver dollar stuffed between the bricks of a wall. The old wall separated an addition that was put on the house in 1908. "Imagine finding that in the
In April 2008, three additional sets of remains were discovered on-site. One set had US half-dollar coins, dated 1822 and 1846, placed over the eye sockets. Other remains had Mexican .75-caliber musket balls embedded in their bodies.
One collector said that his wife initially disliked his collecting coins but later became an enthusiast. “I once bought a Mexican gold coin with 42 grams of gold in it for 40 pesos. It did not get the price I was asking for.
Corona Lake is still offering its “spare change” deal. Bring in a dollar of silver coins minted before 1964 (dimes, quarters, half dollars and dollars) and you can a $22 pass for that dollar in change. Got three dollars in old change?
Tips of Collecting Gold Mexican Old Coins | Coin
When seeking Mexican old coins, coin collectors should know as much about the history of the Mexican gold coins that he or she is seeking. Understanding the history of Mexican old coins, not only makes it easier to spot such coins, but it also makes the act of coin collecting far more exciting and intellectually entertaining. Every Mexican coin has a unique history of its own, and it is recommended coin collectors briefly study the history associated with these coins that they collect, so that they can better detect genuine coins from replicas or fake coins.
Mexican old coins, particularly those made of gold, are proving to be a savvy investment at this time. While much in the present economy is crumbling, gold is still considered a significantly wise and super safe investment. It has been long proved gold is one of the best investment to hedge against recession and deflation, as you can learn from the previous economic crisis over the last century. It is therefore wise for the coin collector to look for Mexican gold coins, as such coins are certain to continue to appreciate in their value even during the uncertain times. There are some gold Mexican old coins that have relatively little mark ups (premiums), such as the popular Mexico 50 Pesos gold coin. These coins are in high demand today when it comes to coin collecting because of their reasonable markup rates.
The year 1921 saw the first minting of the 50 Pesos gold coin and the design of the coin is stunning. This coin, depicting a winged goddess on one side and the Coat of Arms of Mexico on the other, are not only attractive, but contain over 37 grams of gold. Coin vendors and distributors from all over the world are now buying and selling the 50 Pesos gold coin in large quantities on daily basis.
Thanks to the popularity of Internet, it is becoming much easier to get via online auctioning sites who offer these coins at the best prices. If using the Internet to buy Mexican old coins, you would be far better off if you engage in some comparative shopping measures. Different sellers offer different markup rates on the 50 pesos gold coin, and not all sellers are equal in terms of the type of customer service they deliver. It is recommended you check the feedback from previous customers to the seller in order to ensure you buy from a reputable seller. Ideally you want to buy from sellers who have been around for a while and have feedback scores over 90%.
To learn more about Mexican old coins, I recommend you checking out . It is a specialized Mexican Gold Coins site, offering a great selection of Mexican Gold Coins for sale. This website makes finding the Mexican Gold Coin deals a million times easier. Be sure to visit this website before you buy.
Old Mexican Coins - Bookshelf
A guide book of Mexican coins, 1822 to date
The completely revised market values herein stand as a testimonial to the fact that practically all series of Mexican coins have come into their own. ...Mining and engineering world
Old Mexican coins ceased to be legal tender on July 1, 1906, and were withdrawn from circulation to the amount of $737674, but there are doubtless many of ...2012 North American Coins & Prices
The Standard Catalog of Mexican Coins by Colin R. Bruce II and Dr. George W. Vogt is recommended ... The old colonial coinage standard survived the period. ...The Numismatist
Appreciating the general interest at present in Mexican affairs, the Society has placed on exhibition a representative collection of Mexican coins, medals, ...How to invest in gold coins
For those with capital to spare, and who want a unique and very interesting numismatic holding, the old decimal series of Mexican gold coins, ...Day-by-day Posts Directory
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