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 Replies: 103 / Views: 19,282 |
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Pillar of the Community
United States
523 Posts |
Quote:
Coins are made at the Mint under authorization of the Treasury. Exactly my point, something to ponder for sure... |
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Moderator
 United States
188740 Posts |
I do not think so, unless I misread what you were saying. Both coins and notes have to go through the Fed to get to the banks. The Fed gets notes from the Bureau of Engraving and Printing (also authorized by the Treasury) and gets coins from the Mint.
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Pillar of the Community
United States
523 Posts |
Maybe I am off but I remember reading somewhere that the notes are not the same as the coins by definition. I can not remember the details but the jist of it was in a scenario in which the Federal Reserve and Treasury somehow have a falling out, that the coins issues would still be viable and the federal reserve notes would not. I am sorry I can not remember any more but, I do know that I did take note of it..and it made sense to a certain degree. I have tried finding it but have came up short.
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Pillar of the Community
 United States
1804 Posts |
atsinger  Quote:
Maybe I am off but I remember reading somewhere that the notes are not the same as the coins by definition. I can not remember the details but the jist of it was in a scenario in which the Federal Reserve and Treasury somehow have a falling out, that the coins issues would still be viable and the federal reserve notes would not. I am sorry I can not remember any more but, I do know that I did take note of it..and it made sense to a certain degree. I have tried finding it but have came up short. I am not in the know about this issue. But, physically speaking, notes being paper, they have a short life.  Compare that with coins we know to be one or two thousands of years old.  |
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Pillar of the Community
United States
2271 Posts |
There is one difference; notes do not reduce the national debt whereas coins do. Notes are still legal tender but the seinoreige of coins comes right off the national debt.
How this would translate in different scenarios to the real world is anyone's guess. Now days all these things happen by fiat so any difference would quickly be riuled out of existence anyway. ie- they'd all retain their value or none would through edict or failure of edict.
Time don't fly, it bounds and leaps.
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Pillar of the Community
United States
1804 Posts |
cladking  Quote:
did not ask him about Ike supplies in the hands of contractors but it seems improbable that there would not be a very large supply. I'd imagine local availability of Ikes is primarily dependent on the policy of these contractors and the availability of coins. Of course if the FED is paying them good money to store large amounts of Ikes they might be loathe to issue any knowing that many will just come right back like a boomerang BOOMERANG  The reason CIs, and the FED RESERVE is in business, Is to accommodate the ebb and flow of notes, and coins. CIs charge for their service. Fair enough Who knows what the FED is about.   |
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New Member
United States
4 Posts |
I am recently in communications with Houston Federal Reserve Cash Services to see how I can get a bank to order me some Eisenhowers. I have a contact name and number at the branch, and I'm waiting to hear back. I will come back as soon as I get any good news.
If I can get written confirmation that Ikes can be ordered through Fed Cash Services in Houston, hopefully I can take that information around to various banks and credit unions and see if any of them will be willing to order them for me.
That's the plan, anyway.
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Moderator
United States
188740 Posts |
I hope it works out.  |
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Valued Member
United States
223 Posts |
When I worked at the C-store for about a year and a half, I got 4 Ikes that customers used to pay for their purchases with. One was a bicentennial. They're still out there.
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Pillar of the Community
United States
1804 Posts |
@drewtwo Quote:
I am recently in communications with Houston Federal Reserve Cash Services to see how I can get a bank to order me some Eisenhowers. I have a contact name and number at the branch, and I'm waiting to hear back. I will come back as soon as I get any good news.
If I can get written confirmation that Ikes can be ordered through Fed Cash Services in Houston, hopefully I can take that information around to various banks and credit unions and see if any of them will be willing to order them for me.
That's the plan, anyway. Strongly agree with your plan.Have been asking my Sister to act in the HOUSTON area for me. But she has health issues (cancer) and not able to do so. Also believe there is a shot at IKEs in Georgia. Hoping a CCFer in that area will act and be successful there. My thoughts are that CIs are obligated to carry IKEs. But maybe they really are in short supply and all HOARDED up. If they really are all "hoarded up", I'm sure I will regret letting go of any of my UNCH IKEs.   Edited by Domain555
07/08/2015 10:15 am
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New Member
United States
1 Posts |
New here, I wanted some Ikes and this website was the only info I could find. None of my banks would do it. But they all "looked into it."
I have a friend whose mom is the VP of a local bank. I sent her an email and a week later (today), I picked up a $500 bag of Ikes. The head teller told me she called the FED, and they directed her to their courier. The bag was a Brinks. She said the guy made it sound like it might be his last bag. And to maybe ask again in a month.
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Pillar of the Community
United States
2815 Posts |
Wow. That is cool. If I knew I could order a $500 bag I would do it without hesitation.
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Pillar of the Community
United States
509 Posts |
Good luck! Let us know what you discover, so we can live vicariously through your search...
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Replies: 103 / Views: 19,282 |
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Posted 01/09/2015 6:43 pm
