Presidential Dollars
stockergreen
Posts: 483 ✭✭
Do these come out right after the state quarter program ends?
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Never view my other linked pages. They aren't coin related.
<< <i>They start in 2007 replacing the Sacagawea's >>
<< <i>They start in 2007 replacing the Sacagawea'sLink >>
They will not replace the sacs. They will be issued concurrantly with the sacs.
Worry is the interest you pay on a debt you may not owe.
"Paper money eventually returns to its intrinsic value---zero."----Voltaire
"Everything you say should be true, but not everything true should be said."----Voltaire
<< <i>
<< <i>They start in 2007 replacing the Sacagawea'sLink >>
They will not replace the sacs. They will be issued concurrantly with the sacs. >>
<< <i>Seigniorage
In addition to the bill's effects on direct spending, by increasing the public's holding of dollar coins, H.R. 902 also would result in additional federal resources for financing the deficit. The seigniorage, or profit, from placing the new coins in circulation would reduce the amount the government would otherwise borrow from the public to finance the deficit. By circulating a new $1 Presidential coin with the current Golden Dollar and Susan B. Anthony coins, the legislation would increase the seigniorage earned if the new $1 coin is more widely circulated. CBO estimates that there would be no significant effect on seigniorage from the new 1 cent coins. >>
That's a mighty big "if".