Options
What would happen if a billionaire dumped a billion dollars of rare coins into circulation?
Newbie2021
Posts: 38 ✭
What would happen if a billionaire dumped a billion dollars of rare coins into circulation, as a way of creating a treasure hunt of sorts, and in the hopes of making millions of people rich? Would the Treasury try to stop it (assuming interference would be legal)?
Tagged:
1
Comments
@Newbie2021 are you planning it.
Martin
.> @Martin said:
As soon as I get a billion more dollars
Well there’s a question you don’t see every day. Never crossed my mind 😳
🎶 shout shout, let it all out 🎶
The first thing that came to mind is that he or she may not be a billionaire anymore
Scrooge McDuck already did that. Twice......
I think dropping the rare coins into circulation would sadden me greatly. Many would never be recovered (to the known collecting world) and many others would be damaged either through more circulation or unintentional mutilation.
Dropping a billion dollars worth of silver and older copper (things many here might consider dreck) might start some real change searching, though.
That sort of thing could certainly drive some traffic into coin and bullion dealers and hopefully create some new collectors.
Exactly what I was thinking when I read it LOL.
Successful BST with ad4400, Kccoin, lablover, pointfivezero, koynekwest, jwitten, coin22lover, HalfDimeDude, erwindoc, jyzskowsi, COINS MAKE CENTS, AlanSki, BryceM
How would you go about circulating many thousands of rare coins?
I think the billionaire should accomplish it by putting them in specially marked boxes of coin flakes...
Would anyone past a verrrrrrrry small slice of the population care? You seem to think coin collecting is a big thing. Would 99.9% of the US pop even bother to look?
The perfect combination, a coin collector with an imagination. You're thinking out of the box, I like that.
I think Uncirculated rolls of GOLD coins would not go unnoticed and also being rolls most would be protected from excessive damage.
@wev if they heard rolls of gold coins could be found they would bother to look
Successful BST with ad4400, Kccoin, lablover, pointfivezero, koynekwest, jwitten, coin22lover, HalfDimeDude, erwindoc, jyzskowsi, COINS MAKE CENTS, AlanSki, BryceM
Ah, of course--I never thought about that.> @moursund said:
:-) I was just reading about the Cheerios Sacajaweas debacle...
If the billionaire announced that lots of rare coins would now be in circulation, awaiting spotting, I think they would...
I think I saw that in a comic book many years ago, Scrooge McDuck tried it.
I routinely circulate V nickels and buffs.
USAF (Ret) 1974 - 1994 - The inherent vice of capitalism is the unequal sharing of blessings; the inherent virtue of socialism is the equal sharing of miseries. Remembering RickO, a brother in arms.
I keep seeing comments (here and other threads) about creating more collectors. Not sure why people want that, unless they are trying to sell coins. More collectors just make coins more scarce and raise prices. As to the OP, the treasury has nothing to do with what people choose to do with their personal property. Cheers, RickO
@BadWithMoney.... Not everyone. Some of us enjoy our coins without consideration of monetary gains/losses. I do not sell coins, nor will I - with the possible exception of PM's that I stack. My coins are collected for my enjoyment of design and history. Cheers, RickO