First Page
Previous Page
Posted 03/28/2014 11:56 am
Here's an interesting article, it's from November but still an interesting read.
http://www.cnn.com/2013/11/28/us/one-dollar-coins/
Key points:
The Federal Reserve Banks hold about $1.4 billion in $1 coins -- enough to meet the demand for the next 40 years.
In fact, far more than half of all $1 coins ever minted are in government vaults.
Last year, more $1 coins were returned to the Federal Reserve than were paid out. More business returned the unpopular coin than asked for them. So the government's stockpile actually grew.
http://www.cnn.com/2013/11/28/us/one-dollar-coins/
Key points:
The Federal Reserve Banks hold about $1.4 billion in $1 coins -- enough to meet the demand for the next 40 years.
In fact, far more than half of all $1 coins ever minted are in government vaults.
Last year, more $1 coins were returned to the Federal Reserve than were paid out. More business returned the unpopular coin than asked for them. So the government's stockpile actually grew.
Edited by TheForce
03/28/2014 12:03 pm
03/28/2014 12:03 pm
