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Question on Dollar coins
This is not a collecting question, but I am curious.
Since our folding money says, "Federal Reserve Note", are dollar coins and for that matter all currently modern coins controlled by the Red Reserve? Bob-tx |
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#2
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Question on Dollar coins
"Bob-tx" wrote:
Since our folding money says, "Federal Reserve Note", are dollar coins and for that matter all currently modern coins controlled by the Red Reserve? Short answer: No. Long answer: There are at least 3 channels by which the Mint can distribute coins, with a potential 4th about to start up. -- The Federal Reserve distributes the vast majority of circulating U.S. coinage. -- The Mint sells some coins directly to the public. Normally, they charge a premium for this service, but for dollar coins, they offer a direct ship program without such a surcharge. -- Uncirculated Bullion coins are sold through "Authorized Purchasers," the qualifications for which are found he http://www.usmint.gov/consumer/index...AmericanEagles -- (Near future) The National Park Service has the right to purchase and resell the 5-ounce "Silver Bullion Investment Product" mandated by the 'America's Beautiful National Parks Quarter Dollar Coin Act of 2008.' In the past, various other special arrangements have been made. Most of the great U.S. rarities left the mint via various proverbial "side doors." Sometimes, it was even done legally. -- Mike Benveniste -- (Clarification Required) Its name is Public opinion. It is held in reverence. It settles everything. Some think it is the voice of God. -- Mark Twain |
#3
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Question on Dollar coins
On Jun 16, 2:51*pm, "Michael Benveniste" wrote:
"Bob-tx" wrote: Since our folding money says, "Federal Reserve Note", are dollar coins and for that matter all currently modern coins controlled by the Red Reserve? Short answer: *No. Long answer: *There are at least 3 channels by which the Mint can distribute coins, with a potential 4th about to start up. -- The Federal Reserve distributes the vast majority of circulating * *U.S. coinage. -- The Mint sells some coins directly to the public. *Normally, they * *charge a premium for this service, but for dollar coins, they offer * *a direct ship program without such a surcharge. -- Uncirculated Bullion coins are sold through "Authorized Purchasers," * *the qualifications for which are found he * *http://www.usmint.gov/consumer/index...AmericanEagles -- (Near future) The National Park Service has the right to purchase * *and resell the 5-ounce "Silver Bullion Investment Product" mandated * *by the 'America's Beautiful National Parks Quarter Dollar Coin Act * *of 2008.' In the past, various other special arrangements have been made. Most of the great U.S. rarities left the mint via various proverbial "side doors." *Sometimes, it was even done legally. -- Mike Benveniste -- (Clarification Required) Its name is Public opinion. *It is held in reverence. *It settles everything. *Some think it is the voice of God. -- Mark Twain Perhaps I am wrong, but somehow I don't think this poster realizes the question being asked. oly |
#4
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Question on Dollar coins
"Michael Benveniste" wrote in message ... "Bob-tx" wrote: Since our folding money says, "Federal Reserve Note", are dollar coins and for that matter all currently modern coins controlled by the Red Reserve? Short answer: No. Long answer: There are at least 3 channels by which the Mint can distribute coins, with a potential 4th about to start up. -- The Federal Reserve distributes the vast majority of circulating U.S. coinage. -- The Mint sells some coins directly to the public. Normally, they charge a premium for this service, but for dollar coins, they offer a direct ship program without such a surcharge. -- Uncirculated Bullion coins are sold through "Authorized Purchasers," the qualifications for which are found he http://www.usmint.gov/consumer/index...AmericanEagles -- (Near future) The National Park Service has the right to purchase and resell the 5-ounce "Silver Bullion Investment Product" mandated by the 'America's Beautiful National Parks Quarter Dollar Coin Act of 2008.' In the past, various other special arrangements have been made. Most of the great U.S. rarities left the mint via various proverbial "side doors." Sometimes, it was even done legally. -- Interesting, I think. Appreciate the info' Thanks, Bob-tx |
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Question on Dollar coins
"oly" wrote in message ... On Jun 16, 2:51 pm, "Michael Benveniste" wrote: "Bob-tx" wrote: Since our folding money says, "Federal Reserve Note", are dollar coins and for that matter all currently modern coins controlled by the Red Reserve? Short answer: No. Long answer: There are at least 3 channels by which the Mint can distribute coins, with a potential 4th about to start up. -- The Federal Reserve distributes the vast majority of circulating U.S. coinage. -- The Mint sells some coins directly to the public. Normally, they charge a premium for this service, but for dollar coins, they offer a direct ship program without such a surcharge. -- Uncirculated Bullion coins are sold through "Authorized Purchasers," the qualifications for which are found he http://www.usmint.gov/consumer/index...AmericanEagles -- (Near future) The National Park Service has the right to purchase and resell the 5-ounce "Silver Bullion Investment Product" mandated by the 'America's Beautiful National Parks Quarter Dollar Coin Act of 2008.' In the past, various other special arrangements have been made. Most of the great U.S. rarities left the mint via various proverbial "side doors." Sometimes, it was even done legally. -- Mike Benveniste -- (Clarification Required) Its name is Public opinion. It is held in reverence. It settles everything. Some think it is the voice of God. -- Mark Twain Perhaps I am wrong, but somehow I don't think this poster realizes the question being asked. oly Does Red Reserve = Fed Reserve? mk |
#6
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Question on Dollar coins
On Jun 17, 12:51*pm, "MJKolodziej"
wrote: "oly" wrote in message ... On Jun 16, 2:51 pm, "Michael Benveniste" wrote: "Bob-tx" wrote: Since our folding money says, "Federal Reserve Note", are dollar coins and for that matter all currently modern coins controlled by the Red Reserve? Short answer: No. Long answer: There are at least 3 channels by which the Mint can distribute coins, with a potential 4th about to start up. -- The Federal Reserve distributes the vast majority of circulating U.S. coinage. -- The Mint sells some coins directly to the public. Normally, they charge a premium for this service, but for dollar coins, they offer a direct ship program without such a surcharge. -- Uncirculated Bullion coins are sold through "Authorized Purchasers," the qualifications for which are found he http://www.usmint.gov/consumer/index...AmericanEagles -- (Near future) The National Park Service has the right to purchase and resell the 5-ounce "Silver Bullion Investment Product" mandated by the 'America's Beautiful National Parks Quarter Dollar Coin Act of 2008.' In the past, various other special arrangements have been made. Most of the great U.S. rarities left the mint via various proverbial "side doors." Sometimes, it was even done legally. -- Mike Benveniste -- (Clarification Required) Its name is Public opinion. It is held in reverence. It settles everything. Some think it is the voice of God. -- Mark Twain Perhaps I am wrong, but somehow I don't think this poster realizes the question being asked. oly Does Red Reserve = Fed Reserve? mk- Hide quoted text - - Show quoted text - Red-ink, maybe. oly |
#7
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Question on Dollar coins
On Jun 16, 12:51*pm, "Michael Benveniste" wrote:
"Bob-tx" wrote: Since our folding money says, "Federal Reserve Note", are dollar coins and for that matter all currently modern coins controlled by the Red Reserve? Short answer: *No. Long answer: *There are at least 3 channels by which the Mint can distribute coins, with a potential 4th about to start up. -- The Federal Reserve distributes the vast majority of circulating * *U.S. coinage. -- The Mint sells some coins directly to the public. *Normally, they * *charge a premium for this service, but for dollar coins, they offer * *a direct ship program without such a surcharge. -- Uncirculated Bullion coins are sold through "Authorized Purchasers," * *the qualifications for which are found he * *http://www.usmint.gov/consumer/index...AmericanEagles -- (Near future) The National Park Service has the right to purchase * *and resell the 5-ounce "Silver Bullion Investment Product" mandated * *by the 'America's Beautiful National Parks Quarter Dollar Coin Act * *of 2008.' In the past, various other special arrangements have been made. Most of the great U.S. rarities left the mint via various proverbial "side doors." *Sometimes, it was even done legally. -- Mike Benveniste -- (Clarification Required) Its name is Public opinion. *It is held in reverence. *It settles everything. *Some think it is the voice of God. -- Mark Twain Theres also the back-back door model: The Panama balboa. Identical in value and size as american currency (the country uses dollar bills but makes their own coins) theoretically, they could circulate in american with no issue. I actually got one in change the other day |
#8
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Question on Dollar coins
"Jass" wrote:
Theres also the back-back door model: The Panama balboa. Identical in value and size as american currency (the country uses dollar bills but makes their own coins) theoretically, they could circulate in american with no issue. I actually got one in change the other day. I'm not sure if the U.S. Mint ships coins directly to foreign countries directly or if they get there via the Federal Reserve System, but one of the very few times I've received a brass buck in change was in Bermuda. The Bermuda dollar coin is similar in color and size and is at par with the U.S. dollar. -- Mike Benveniste -- (Clarification Required) Its name is Public opinion. It is held in reverence. It settles everything. Some think it is the voice of God. -- Mark Twain |
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