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TheForce's Last 20 Posts
| US Treasury Ordered To Stop Producing New Cents
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TheForce
Pillar of the Community
United States
4858 Posts |
 Posted 02/12/2025 11:54 am
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Quote:
Technically, they have been discontinued (from circulation) and it is not a waste of time. They are NIFC—just like the cent should become—because the Mint knows it can sell those for nice profit. Yes, I collect them and buy the sets direct from the Mint. I expect the cents to remain in these sets as well.
True, but I always felt issuing NIFC coins in sets felt weird. The annual sets are to highlight an example of the nations circulating coinage. If they are no longer being made for circulation maybe they shouldn't be included in the annuals.
I love the idea of dollar coins, but really there is no point until the Fed pulls the dollar notes. And I feel the annual sets are just too big with having multiple designs. |
| | Forum: US Modern Coins |
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| Sacagawea And "Native American" Dollars
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TheForce
Pillar of the Community
United States
4858 Posts |
Posted 02/12/2025 08:12 am
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Why aren't they more popular? Well for me personally here are my reasons.
1. Edge lettering. I want the date and mintmark viewable on the obverse or reverse.
2. I don't like having multiple designs each year. I miss the days of a lasting design for decades. This really got cumbersome with quarters and just makes the annual sets too big.
Just my two cents here... :P |
| | Forum: US Modern Coins |
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| US Treasury Ordered To Stop Producing New Cents
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TheForce
Pillar of the Community
United States
4858 Posts |
Posted 02/12/2025 08:07 am
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I can't really think of any cons here. While working the cash register, most people put the pennies in the take a penny tray. If they are on the ground, people don't pick them up.
It seems logical that with so little buying power and the fact that it costs more to mint pennies than they are worth that discontinuation would be preferred.
On that note, maybe they should discontinue dollar coins. Nobody wants them or uses them because they won't remove the dollar note from circulation. Until that happens, they are just wasting their time minting dollars. Billions of them are sitting in government vaults. |
| | Forum: US Modern Coins |
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| Anyone Sold Bullion To SD Bullion?
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TheForce
Pillar of the Community
United States
4858 Posts |
Posted 12/20/2022 09:02 am
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I was looking at the SD Bullion page you are describing. But it really doesn't go into detail about specifics like how you'll be paid or if there are tax forms involved, etc. My interpretation is that nothing is reported by them if you are selling government minted bullion to them. I could me mistaken though.
No coin shops nearby...just pawn shops and jewelers. |
| | Forum: Precious Metals and Bullion - Gold, Silver, Copper, Platinum |
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