COINS Act submitted to The House of Representatives
EagleEye
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H.R. 2977
The bill calls on the FED to recall the SBA dollar coins and increase the golden dollar circulation with the end game being replacing the paper dollar bill.
They want to ship all the SBA dollars to Ecuador, where they use US dollar coins.
"COINS" stands for Currency Optimization, Innovation, and National Savings Act
The bill calls on the FED to recall the SBA dollar coins and increase the golden dollar circulation with the end game being replacing the paper dollar bill.
They want to ship all the SBA dollars to Ecuador, where they use US dollar coins.
"COINS" stands for Currency Optimization, Innovation, and National Savings Act
Rick Snow, Eagle Eye Rare Coins, Inc.Check out my new web site:
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<< <i>They want to ship all the SBA dollars to Ecuador, where they use US dollar coins. >>
Man, I feel really sorry for the people of Ecuador.
He who knows he has enough is rich.
I have neither the time nor the inclination to explain myself to a man who rises and sleeps under the blanket of the very freedom I provide, then question the manner in which I provide it. I prefer you said thank you, and went on your way, Otherwise, I suggest you pick up a weapon, and stand to post. Either way, I don't give a damn what you think you are entitled to!
<< <i>I wonder if they do this will the SBA still be legal spendable tender in the U.S.? >>
I have no doubt that it will still be legal tender here in the U.S.
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
some expert I am, eh?
so if someone who thinks coins 12 hours out of the day can spend one by mistake as a quarter...I suppose the majority of people cn do it also.
So I guess now is the time we all should start hoarding the soon to be ultra rare SBA?
How the heck does the us govt intend to recall a non circulating (for the most part ) coin? Check with all the banks and fed branches?
Or will they take out an ad in craigs list "wanted, sba dollars. will pay face, call B. Obama"
<< <i>They want to ship all the SBA dollars to Ecuador, where they use US dollar coins. >>
Ecuador like using US dollar coins in part because the Sacagawea looks plausibly native to them. I wonder what cultural anxieties seeing SBA's mug on a coin will stir up.
Keeper of the VAM Catalog • Professional Coin Imaging • Prime Number Set • World Coins in Early America • British Trade Dollars • Variety Attribution
I knew it would happen.
If the U.S. wants to give them to some small South American country why not:
Venezuela. I bet our ole buddy Hugo Chávez would love it
<< <i>I'm not sure how Ecuador figures into a piece of US coinage legislation. I mean, why not pay Saudi with them for a few supertanker loads of oil? What did Ecuador ever do to deserve this kind of treatment? >>
From Wikipedia:
"The US dollar became legal tender in Ecuador March 13, 2000 and sucre (old Ecuador currency) notes ceased being legal tender on September 11. Sucre notes remained exchangeable at Banco Central until March 30, 2001 at 25,000 sucres per dollar. Ecuador now only issues its own centavo coins."
<< <i>At last, the ponderous mechanism we know as government, has started to move in what only can be called a long overdue and logical direction. Of course, it could take decades for this to actually become reality. Cheers, RickO >>
Kinda reminds me of the old axiom, "Hispanics are doing the jobs Americans won't do."
<< <i>I'm not sure how Ecuador figures into a piece of US coinage legislation. I mean, why not pay Saudi with them for a few supertanker loads of oil? What did Ecuador ever do to deserve this kind of treatment? >>
Ecuador has been using the Sacagawea for quite a few years now.