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 Replies: 32 / Views: 3,843 |
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Bedrock of the Community
United States
17884 Posts |
Quote:
Now if we could just get the Mint to be so profitable that it negates the necessity of taxes... Not possible. You know Congress, pass a new tax that raises another 100 billion and then appropriate and spend all 200 billion of it. People used to always like to blame the Budget Deficit back in the 80's and 90's on "the Reagan Tax Cuts". While in reality the tax cuts INCREASED Federal revenue by 25%. The problem was that with all that extra money rolling in Congress went on a spending spree that has never slowed down. And any action that will increase revenue will probably just result in a greater increase in spending. Edited by Conder101
09/23/2009 11:56 am
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Pillar of the Community
United States
869 Posts |
I hate all the newer designs. The older coins don't have the look of a cookie cutter making them. The older coins have a nice high relief/nice strike. That is what makes a coin stand out from the rest. the newer cir. coins just don't have it anymore.  |
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Valued Member
United States
120 Posts |
THANK YOU Biokemist6, I am glad to see that at least one person gets the idea that it is not the mint but, "Congress" who makes the decisions to produce a new coin. There is a lot of negative posts that indicate the mint does this and the mint does that, when in reality all the mint does is produce coins when they have the material and the authorization to do so. If you don't like the coins they produce, simply don't buy them.
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Pillar of the Community
United States
3294 Posts |
Well, technically, the mint does have the power, but they have traditionally deferred to Congress in the past.
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Pillar of the Community
United States
6326 Posts |
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You know Congress, pass a new tax that raises another 100 billion and then appropriate and spend all 200 billion of it.  ........ ......... Ain't that about right.......if we all got to use that kind of " fuzzy math" in our personal lives, we'd all be thrown in jail or spend our time in bankruptcy courts, while constantly having businesses and people lining up to collect their money ! How is it that the richest Country in the history of Earth cannot seem to keep their books balanced enough to make a real "quality of life" for it's citizens that would truly be a marvel for the world to admire ? Edited by eaglefoot
09/25/2009 2:36 pm
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Pillar of the Community
United States
3294 Posts |
Well, from my understanding, a little deficit spending is not too bad for a government. The problem is CONTINUAL deficit spending. You need to catch up every so often or eventually the bottom is going to drop out, and then you have a Zimbabwe style fiscal issue.
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Pillar of the Community
United States
1418 Posts |
I think it is great that the mint does commemorative.
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Bedrock of the Community
United States
17884 Posts |
Quote:
Well, technically, the mint does have the power, Where did you get that idea? |
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Valued Member
United States
161 Posts |
I prefer searching for and finding coins in circulation rather than buying them in a store or online. I am enjoying finding all the state and territory quarters, and I will enjoy finding the new national parks quarters.
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Pillar of the Community
United States
2520 Posts |
The problem here Lizzyjo is that they don't or haven't really started to circulate! The system is so overloaded with coins that most banks aren't getting the new coins (cents thru quarters). I've seen alot of banks getting in the dollars. It's not like when the State Quarters started where you could grab a roll most anywhere. My 2009 quarter stats are as follows: All P mint DC (1) pretty rough shape for an 09, found last week PR (1) same as above, found about a month ago Guam (5) limit of 4 from credit union (20 miles away) 1 roll find Samoa (8) limit of 8 from credit union (35 miles away) My local banks just aren't getting them in and I fear the same with the National Park series! Edited by ratman4762
10/01/2009 12:00 pm
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Pillar of the Community
United States
581 Posts |
Oh, nothing is more exciting than seeing an album of 120 coins that look exactly the same - aka any of the Barber series, Kennedy series, Lincolns, etc.
BORING.
So now we have variety and that's a problem? Why? What was so wonderful about having 10 new coins each year with the exact same design year in and year out?
I, for one, invite the change. With all the variety, some stuff will fall through the cracks and become valuable/collectible. Isn't that what it's all about?
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Bedrock of the Community
United States
11951 Posts |
Maybe being new to this site I have missed out on what is and what is not popular. I have been putting rolls of quarters away since 1999. And I know lot of other people that do. I think a lot of people will be sorry if they don't put a nice set together while they are still cheep. I see nice complete sets P,D,S and silver S sell for $500+. Also the 1999 and 2001 silver proof sets sell at well above issue price, and most of the other silver proofs sets are higher because of the State Quarter program. A lot of high priced coins are rare because people stop buying them from the mint, giving them low mintage. Look at the commemorative half dollars from the early 1900's the ones people did not want then, are the ones to have now. I know I am a new guy but just my opinion. |
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Pillar of the Community
United States
2541 Posts |
I've collected all the State Quarters and the territories, and I'm going to have to agree with all that people have said thus far - it's getting a little out of control. I started with the Presidential dollars, but quickly realized that I didn't even like the things and was only collecting them because they are being issued. I'm turning my attention to older coins with lower mintages (focusing on semi-keys). |
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Valued Member
United States
168 Posts |
It's kind of strange. I mean, it's cool to see a new design come out every couple of months, but when three out of every four coins I come across has a state planted on the back, it's kinda oversaturated. (Is that even a word?) My idea: Put Roosevelt on the park quarter, shrink mintage, and issue it alongside the original Washington. (Or updated, either way, it'd be better to return to some uniformity...)
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Valued Member
United States
436 Posts |
I kind of enjoy collecting these quarters and dollars. I have almost a complete set of states and territories, and do you know how much I paid for each quarter? 25 cents! Part of the fun of this hobby for me is building sets from pocket change, and darn the future worth! I'm having fun now!
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Replies: 32 / Views: 3,843 |
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Posted 09/23/2009 11:52 am
