Navy Freezes Funding for Challenge Coins
WillieBoyd2
Posts: 5,275 ✭✭✭✭✭
Navy budgetary belt-tightening may have reached a new - if temporary - low. Officials have frozen the purchase of commanders’ coins - also known as "challenge coins" - using Defense Department dollars.
In a May 13 message to the fleet, the Navy said commanders may no longer use appropriated funds to buy the coins or other unofficial gifts and morale boosters. The brass coins, emblazoned with a unit designation and handed out by commanders for a job well done, or simply because, have routinely been ordered at every command level - on up to the President - for years.
http://www.dodbuzz.com/2013/05/20/navy-freezes-funding-for-challenge-coins
Somebody posted this to the article:
"I wonder if these coins will become rare collectors items in the future"
In a May 13 message to the fleet, the Navy said commanders may no longer use appropriated funds to buy the coins or other unofficial gifts and morale boosters. The brass coins, emblazoned with a unit designation and handed out by commanders for a job well done, or simply because, have routinely been ordered at every command level - on up to the President - for years.
http://www.dodbuzz.com/2013/05/20/navy-freezes-funding-for-challenge-coins
Somebody posted this to the article:
"I wonder if these coins will become rare collectors items in the future"
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The Mysterious Egyptian Magic Coin
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<< <i>These items cost $7 to $10 and more to make, 1000 of them would be costly.
All the more reason that the taxpayers should not be buying them!
No Way Out: Stimulus and Money Printing Are the Only Path Left
<< <i>Anything stopping them from paying for the tokens out of their own pockets? >>
Unit commanders give these to members their unit and members of other units that provide exemplary support to the accomplishment of their mission. It's a cheap way to help morale and team work. It's typical of the penny wise and pound foolishness we are seeing in government these days.
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>Let's ask coinlieutenant
Soon to be coincommander!
Looking for Top Pop Mercury Dime Varieties & High Grade Mercury Dime Toners.
<< <i>As a taxpayer I would rather see these funded with monies raised by the crew. Each ship has a self sufficient "ship's store" that sells items such as T shirts and beer mugs. Sell them there where they can pay for themselves. >>
You can't buy them. The commander presents them to deserving individuals that have earned them. Sometimes the entire unit is presented with these coins (think Seal Team 6).
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>As a taxpayer I would rather see these funded with monies raised by the crew. Each ship has a self sufficient "ship's store" that sells items such as T shirts and beer mugs. Sell them there where they can pay for themselves. >>
You can't buy them. The commander presents them to deserving individuals that have earned them. Sometimes the entire unit is presented with these coins (think Seal Team 6). >>
As always , Ebay is awash with them , problem with these coins is when you order 1000 or however many you still don't own the dies so the manufacturer can and do sell them online on countless web sites and of course the bay.
<< <i>1. A small piece of metal, usually flat and circular, authorized by a government for use as money." >>
Is our military now considering themselves separate 'governments' that can mint their own coins? I remember the powers-that-be jumped down National Collector's Mint throat for making and selling the Northern Marianna Island 1933 $20 gold (clad) double eagle as 'legal tender' with no COPY stamp (I bought 5 in 2004).
Seriously, how can they call these 'coins'? Do they have a denomination value? Is there a reverse as well as a obverse? Is it a pocket-piece, a paperweight or does it have a pin on the back to put on one's dress coat with other earned awards? Isn't it really a medallion?
When I was in the Army during 'Nam, you had to earn your ribbons...now they just hand them out as "coins"? Really?
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