The E-Sylum:  Volume 10, Number 32, August 12, 2007, Article 22

ON NUMISMATISTS AND COIN AND PAPER MONEY CIRCULATION

On a related topic, Ralf W. Böpple writes: "Regarding Roger deWardt
Lane's attempt to circulate dollar coins in a coin club meeting, I
would simply say that numismatists tend to keep unusual coins they
get in circulation, so it appears to me quite logical that they put
them aside and did not spend them. The effect of people NOT wanting
the new dollars should be increased circulation, because people would
try to get rid of the unwanted coins as quickly as possible! It is
like the two dollar bill (another topic recently discussed). During
my very first visit to the US some time back, I received one in change,
and I found it so exciting that I kept it, and still have it today.
If I wouldn't have found it interesting and exotic, I would have made
it circulate as quickly as possible, right?"

 ON DOLLAR COIN CIRCULATION
 esylum_v10n31a21.html

  Wayne Homren, Editor

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