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"Real" Money
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January 28th 07, 01:56 AM posted to rec.collecting.coins
Ed Hendricks
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Posts: 335
"Real" Money
wrote:
I agree with all of these points, but the USA (except for gold coins
minted prior to
1933) has never demonitized any of its currency. It is all still
good! The USA is
understandably reluctant to break this policy. How to introduce the
US $ 1.-
coin without demontizing the US$ 1.- bill. That is the problem no one
has solved.
Can you?
GFH
The $1 coin has already been introduced in the US (numerous times), and
there are currently three versions "circulating" and soon to be a fourth
one. It is not necessary to demonitize anything. Just quit making the damn
bill! The ones in circulation will wear out in about a year and the only
ones remaining will be in collections. Just like all other obsolete bills.
Also, as far as I know, all US coin and currency is currently legal
tender.....including pre 1933 gold.
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Ed Hendricks
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