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Federal Reserve tried to block issuance of $1 USA coins.

 
Anonymous Coward
User ID: 44001739
United States
08/26/2013 07:31 PM
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Federal Reserve tried to block issuance of $1 USA coins.
Here is a link to testimony of a old Treausry exec Philip Diehl:

[link to financialservices.house.gov]


Now, if the "Federal" Reserve hates the $1 coin, that means you should all go out right now and exchange ALL of your fiat toilet paper for $1 coins.

Do it!
Anonymous Coward (OP)
User ID: 44001739
United States
08/26/2013 07:31 PM
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Re: Federal Reserve tried to block issuance of $1 USA coins.
Director of the US Mint, not treasury :P
ISLANDIA

User ID: 8828100
United States
08/26/2013 07:36 PM

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Re: Federal Reserve tried to block issuance of $1 USA coins.
Coins are Minted by the treasury and credit on the balance sheet


Dollars and Paper are debts


plain and simple
[link to www.federalreserve.gov]

Coins are an asset paper is trouble


Coin: This item indicates the value of coin on hand at Federal Reserve Banks. The Reserve Banks buy coin at face value from the U.S. Treasury's Bureau of the Mint in order to fill orders from depository institutions. Return .

Last Edited by ISLANDIA on 08/26/2013 07:36 PM
Anonymous Coward (OP)
User ID: 44001739
United States
08/26/2013 07:55 PM
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Re: Federal Reserve tried to block issuance of $1 USA coins.
Coins are Minted by the treasury and credit on the balance sheet


Dollars and Paper are debts


plain and simple
[link to www.federalreserve.gov]

Coins are an asset paper is trouble


Coin: This item indicates the value of coin on hand at Federal Reserve Banks. The Reserve Banks buy coin at face value from the U.S. Treasury's Bureau of the Mint in order to fill orders from depository institutions. Return .
 Quoting: ISLANDIA


Yes, this is why the FED hates coins and we should all stock up on the $1 coin. $1000 weigh only 18 lbs. Surely the wealth of a nation is worth that inconvenience.

Hard to steal, too :)
Anonymous Coward
User ID: 45651386
Canada
08/26/2013 08:07 PM
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Re: Federal Reserve tried to block issuance of $1 USA coins.
Here is a link to testimony of a old Treausry exec Philip Diehl:

[link to financialservices.house.gov]


Now, if the "Federal" Reserve hates the $1 coin, that means you should all go out right now and exchange ALL of your fiat toilet paper for $1 coins.

Do it!
 Quoting: Anonymous Coward 44001739


1$ coin = silver 1 oz
Sikhed

User ID: 45812424
United States
08/26/2013 08:29 PM
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Re: Federal Reserve tried to block issuance of $1 USA coins.
Are you talking a silver dollar? (silver plated copper like the quarters & dimes)
Or the silver eagles? (also "worth" $1, but is 1 troy oz of 999% silver)
:doom360:

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