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Author Archives: David L. Ganz
Twain commem bill passes House
Samuel Clemens once remarked that rumors of his death were premature. For the past half dozen years, it seemed that rumors of a move in Congress to commemorate him shared that fate. Continue reading
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Cents and Nickels down but not out
Rep. Ron Paul, R-Texas, is running for President of the United States and also chairs the House subcommittee that oversees coinage. So on April 17, a hearing on “The Future of Money: Coin Production” was called and held before his House Financial Services Subcommittee on Domestic Monetary Policy & Technology. Continue reading
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Canada ending cent will impact U.S.
Canada’s decision to eliminate its small cent 92 years after it gave up its large cent probably means that there will be increased pressure on the U.S. Treasury and perhaps Congress, to take a fresh look at the elimination of a denomination whose history goes back to Thomas Jefferson’s “Notes on Coinage” (1786) and Hamilton’s “Report on the Establishment of a Mint” (1791). Continue reading
Honor Reagan with $4 gold piece
For a variety of reasons, it’s time to change the way that gold commemorative coins are made, time to make them affordable to a new generation of collectors, time to give them attractive themes, and time to be daring and think outside the box to eliminate the problem of fewer and fewer coins being sold. Continue reading
Life of paper dollar estimates getting longer
With the new GAO report to Congress suggesting that a dollar coin for dollar bill switch is uneconomical based on the statistical input of factors that include the duration in circulation of dollar bills and coins, there might be some question as to the validity of the quantified numbers showing circulation life and use. Continue reading
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Paper dollar gets a boost
For the fifth time in 22 years, the Government Accountability Office has weighed in on whether the dollar bill should replace the $1 coin. In this version, there is a bombshell statement that the government would lose money in the first six years if it began to replace $1 notes with $1 coins. Continue reading
Cent losing support from public?
Is public support for the cent waning? CNN, the TV network and internet news gatherer, put a poll out over Presidents’ Day weekend asking if the cent should be eliminated. While not scientific, with over 140,000 responses, the results were that about 60 percent favor the coin’s demise. Continue reading
Time to look at Eagles for scarcity
As the American Eagle moves into its second quarter century and as a number of collectors are wondering why they can’t put rare coins into their Individual Retirement Accounts, the suggestion has been floated (by me) that collectors ought to consider, and dealers who supply the coins should be encouraged to look at the mintage figures of uncirculated Eagle coins. Continue reading
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Future remains bright for gold, silver
With the events of the 2011 election behind us, and the expiry of the first session of the 112th Congress in the rearview mirror, the question now is what does 2012 portend. With a presidential election upon us, what does this mean for those looking to Washington, and elsewhere, and where does this put organized numismatics? Continue reading
Baseball coins on the way?
A three-coin commemorative set for 2015 would benefit the Baseball Hall of Fame at Cooperstown, N.Y. Up to 50,000 gold $5 coins, 400,000 silver dollars and 750,000 copper-nickel halves make up the proposal. Continue reading
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