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What's The Big Thing With The BEP And The Treasury In April?

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Pillar of the Community

708 Posts
 Posted 03/23/2013  05:49 am Show Profile   Bookmark this topic Add Fox to your friends list Get a Link to this Message Number of Subscribers
Okay, I'm not sure what goes on with our money makers, such as the BEP or U.S. Mint, or the Treasury and Federal Reserve in April of each year, but, last month, I talked to a guy from the Dollar Coin Alliance, and I asked "When do you think are they going to vote on scrapping the $1 bill?" and the guy told me "Call back in April. We might know something by then" AND I also called the BEP about the new $100 bill, and asked "I know there is no official release date, but do you know if they are getting "close" to announcing one?" and the person I talked to, said they didn't know, but some big event (I forget what they called it) was coming up in April, so they might know by then" and I said, "Yeah, I figured maybe they would release the new high security $100 bills around the holidays, like in October or November when larger amounts of money circulate" and they said "No, the Federal Reserve doesn't like releasing new currency around the holidays" and I said, "Well, October is still a possibility, right?" and they said "Yes" So, if the Treasury is going to release that new $100 bill in 2013, as they said they were going to, they'd better hurry up and give us that "six months notice" by next month in April, because even if they announce it in May, I'm not sure that the new $100 bills would be released in November.


So, down to the point. Does anyone here know what I am talking about as far as this huge government coin and currency event or meeting goes? And will it possibly decide the fate of the penny, the $1 bill and the release date of the new $100 bill? (I believe the fate of the penny IS being reviewed along side the fate of the $1 bill, but I'm not 100% sure)
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BLadd's Avatar
United Arab Emirates
557 Posts
 Posted 03/23/2013  06:25 am  Show Profile   Bookmark this reply Add BLadd to your friends list Get a Link to this Reply
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Broken-Coin's Avatar
United States
1812 Posts
 Posted 03/23/2013  10:48 am  Show Profile   Bookmark this reply Add Broken-Coin to your friends list Get a Link to this Reply
I find it interesting that the new $100's have not yet entered circulation and in my opinion, "a bit obsolete" as we now have a new Secretary of the Treasury and do not recall any newly designed Currency from the past to enter circulation with a previous Treasurer of the U.S., or Secretary of the Treasury signature that is no longer in office at the time of release.
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Woodford's Avatar
United States
207 Posts
 Posted 03/23/2013  1:23 pm  Show Profile   Bookmark this reply Add Woodford to your friends list Get a Link to this Reply
What I wanna know is, when they do get released, Where/How can I get my hands on a low serial high security $100?
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jim61's Avatar
United States
212 Posts
 Posted 03/23/2013  2:40 pm  Show Profile   Bookmark this reply Add jim61 to your friends list Get a Link to this Reply
Woodford,

You, me and a thousand other dealers and collectors. :)
Pillar of the Community
United States
742 Posts
 Posted 03/23/2013  2:49 pm  Show Profile   Bookmark this reply Add lettow to your friends list Get a Link to this Reply
Why not call the guy from Dollar Coin Alliance and ask him what the event may be?
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708 Posts
 Posted 03/23/2013  9:13 pm  Show Profile   Bookmark this reply Add Fox to your friends list Get a Link to this Reply
lettow,

Because the Dollar Coin Alliance told me to call in April and I don't want to get too pushy with them. I have however, been trying to call the BEP person back. Hopefully next week I can get a hold of them.
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