American Eagle 25th Anniversary set: A slick marketing ploy

Before I begin, let's get our pencils out and mark our calendars for October 27 at noon when the American Eagle 25th Anniversary silver set will be put on sale.  The price has not yet been determined and the limit is currently five sets per household.

The set has two desirable pieces that our not available elsewhere: A 2011 S mint uncirculated dollar and a 2011 P mint reverse proof coin.  In order to acquire these coins, we must purchase them in a set with three other coins (the W mint uncirculated, the W mint proof, and the generic mintmarkless uncirculated).

Veteran coin buyers are familiar with this marketing ploy by the mint.  To acquire the 1998S matte Kennedy half, we had to put up with the Robert F Kennedy dollar.  The 1997P matte Jefferson nickel was only available as part of the Botanical Garden Set.

Should the Government Force the Dollar Coin Upon us?

David Schweikert of Arizona has introduced a bill in the House of Representatives has introduced the Currency Optimization, Innovation and National Savings Act (known as the COINS Act).  The bill calls for the elimination of the paper dollar, to be completely replaced by the dollar coin.  The author touts the tremendous national savings of 6 billion dollars over the next 30 years.  


To put this into perspective, this comes out to about 200 million dollars per year.  (Of course multiplying by thirty will make the number sound larger).  Since the US has a population of about 300 million, this means that each citizen would save about 67 cents per year by switching away from the paper dollar.  


Rather than asking citizens if we should save 6 billion dollars, we should be asking if citizens would be willing to give up the paper dollar in exchange for 67 cents.  My guess is that many will be willing to pay the 67 cents for what they see as a convenience.  After all, some banks now want to charge $60 per year for an ATM card.


I, of course, am a coin man.  I pay for virtually everything in coins (much to the dismay of those waiting behind me in the checkout line).  The question is whether the government should force all Americans to be more like me.  What are your thoughts?

Will the government seize the Norfed liberty dollars?

Comments from the federal government has led to new fear that the secret service may try to seize the privately minted liberty dollars.  The courts have ruled that they are considered counterfeit and the secret service confiscates counterfeits.  One immediate result of this is that the Norfed liberty dollars are becoming harder to find.  On my website's liberty dollar page , I have listed a few places to find them along with more information about these so-called dollars.