Quote:
Originally Posted by ldm
Not sure if it's old news, but if it comes to past and the dollar coin disappears from the earth, wouldn't you just replace the dollar coin with a chosen dollar token. Les
|
Les, Case & others,
When I was at the CLA regional workshop in Mpls-St. Paul about a year and a half ago, at a very civil discourse moderated by Brian Wallace & included Jeff Gardner... at least one of panelists pointed out the advantages to tokens with the ability to set the values. It also related to the advantages of tokens when it came to full cycle pricing of dryers.
I would have been remiss if I had not stood up to speak ... based on what I had gathered from some very knowledgable token & coin mech experts. Such people as Mike Oliver from IDX & many others who took the time to educate me on token specifics & considerations. I will not take the time to go into detail about all of the considerations but I did get a pretty good "birds eye" view after talking thoroughly with so many of them.
When I stood up, I made the point to the worthwhile CLA gathering that from my perspective & experience the dollar coins were a better choice. Immediately, an older gentleman from Wisconsin expressed his concern about availability. Given the time constraints ... hopefully it registered with as many as possible, among the hopefully attentive audience, the following: There is a need for secure tokens. At minimum, there would be a serious consideration that the token manufacturer would faithfully execute the needed overseeing of the process of not allowing too similar of metal composition for more than a safe mile radius of the specific demographic.
The below link is consistent with what I have been trying to communicate to you & the members who are considering coins as a better fit for their facilities than other payment methods. I honestly believe this person sheds the proper light & is qualified to share what in fact he knows is true!
http://www.rollcall.com/news/adminis...-212603-1.html
Hopefully, other people besides myself can see the tactics that the Federal Reserve has used in the past & are up to their previous ploys to short circuit what is the clearly better for our country. As far as people too focused on the "short term" ... that mindset is what has gotten us into the almost 15 trillion dollar debt that we now are faced with!!!
This morning, once again, the head teller at our mega bank assisted me with a deposit. We both could not help but chuckle on how the life of the dollar bill somehow changed from "18 months" to over 50 months even though credit card use did not increase in the same proportion based on the pertinent time period!
mike walsh king koin of bismarck
ldm
Just the facts Ma'am!
Linear Mode
