FlyerTalk Forums - View Single Post - Buy Presidential Dollar Coins with CC @ Face Value, Free Shipping
Old Jul 4, 2011, 11:46 am
  #15515  
thetravelabstract
 
Join Date: Jul 2011
Location: NYC
Posts: 511
Originally Posted by thesauce
No, I don't. The FRB doesn't sell coins. They are the ones that get stuck with them after we spend/deposit our orders from the mint. The fact that they have >$1 billion dollars worth of these sitting in a vault only provides pressure for the mint to discontinue producing (and selling) these.
The Fed has no leverage over congress. The mandate is to mint coins of each U.S. President and it is not expected to finish with Reagan. It seems there will be plenty of opportunities to buy coins until this happens.
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