Sacagawea Dollar Coins - Time To Go!

Collectors, hoarders, preppers & 'investors' are holding "most" of nine billion 1950-1958 wheat pennies?

Add up all of the 1950-1958 wheat pennies you've ever seen in your whole life, and compare that number to nine billion.

Now add the other decades.

I remember the 1980s, when learned minds reported that there were millions of 'missing children' in America.

The then-wife asked how there could be millions of missing children if we'd never met anyone with a missing child or, for that matter, had never met anyone who had ever met anyone with a missing child.

Worn pennies get pulled from circulation by The Fed. Even not-so-worn pennies. After all, its not like they're not minting hundreds of millions more every year.

Cheers,

/s/ ikeyPikey

They DID it for the Kennedy half dollars, but only for one year. The current NIFC Kennedys are not high relief.




It's not that hard to believe. The mint currently makes around 9 billion coins per year, if each household in the country pulls one coin per week from circulation that will consume the entire 9 billion. They don't make all those billions of Lincoln's cents every year because the economy has expanded so much that it needs that many, they do it because most of the coins they make each year pulled out of circulation and stashed away. Or at least an equivalent number.

How many billions of dollar coins have been made and stored.

Release them and let 'em earn their keep and whittle down that there 5x cost to 5x life expectancy, and prove wrong that there US of A govern-mint reeeeeeeeeeeeeeport.

Praise the Lord and pass the dollar coin.

KK

I'm waiting for GSA 2.0 in 50 years!

Funny thing is that it just might work. A lot can happen in 50 years.

Bookmarked.