The E-Sylum:  Volume 10, Number 33, August 19, 2007, Article 30

MORE ON NUMISMATISTS AND COIN AND PAPER MONEY CIRCULATION

Last week Ralf W. Böpple wrote: “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!”

Ron Thompson writes: "While the logic is correct, the reality is,
of course, quite different.  The reason for that is that in order
for people to have the coins to reject them, many, many entities,
such as banks and major stores, need to give them out as change.
The half dollar and dollar coins, as well as the two dollar bill
are almost never given out as change.

"The only exceptions I am aware of are when I am at the Post Office
and use their machine or at a parking garage paying my parking.
Those machines give dollar coins as change.  Banks do have the half
dollar and dollar coins as well as two dollar bills, but you have
to ask for them.  I doubt if a million numismatists demanding these
coins and two dollars bills from their banks and using them daily
would have any discernable effect on the coins and dollars in
circulation."

 ON NUMISMATISTS AND COIN AND PAPER MONEY CIRCULATION
 esylum_v10n32a22.html

  Wayne Homren, Editor

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