ANA 0.02 — Coin collectors everywhere have been heaping praise on the Bush Administration’s monetary policy, recognizing the numerous exciting coins and bills coming out each year. The unprecedented number of new coins and bills has reinvigorated coin collecting clubs worldwide, led to a spike in eBay employment and increased the manufacturing of American coin collecting products in what had been a low-growth industry.
Greg Rohan, Executive VP of Dallas-based Heritage Galleries & Auctioneer, which specializes in rare coins, said,
“[T]here is no denying the appeal of these commemorative quarters. They are incredibly educational, and the ability to collect coins out of circulation hasn’t seriously happened in more than three decades. National Coin Week was established in 1923 by the American Numismatic Association (the national hobby group), and the Statehood quarters may make this [our] biggest celebration yet.”
One member of the American Numismatic Association who requested anonymity said,
“Whenever you hear about monetary policy, it’s always about Federal Reserve Chair Greenspan did this, or Treasury Secretary Snow lied about that and gave congress a “snowjob”. Or it’s about world leaders in Davos, Switzerland or whether the United States is still driving the world economy. The press is missing the story. It’s not about Greenspan or Snow, or the sinking value of the dollar against the Euro, or inflation or the trade deficit - it’s about what’s going on at the U.S. Mint.
I mean most people have heard about the new quarters - but how many have heard the story of the graphic artist who got sacked for putting John Kerry on the new $20 bill? Due to budget cuts they used the bill anyway - but they changed their mind during the general election in 2004. In September, 2004 Karl Rove got worried and they stopped shredding the old $20 bills and recirculated them, targetting them in crucial states like Ohio, because they didn’t have many left. But who covered the story? Nobody, not even Fox.”
Bush Administration officials, who asked not to be identified for fear of retribution from the press, said their complaints that the press wasn’t covering the “real money story” had been ignored by most reporters. “This is the money story in the Bush Administration,” said one senior official, “it’s all about change, and all reporters want to do is talk about rising deficits, the sinking dollar and the stagnant economy instead of the new bills coming out of the Bush Administration.”
The senior official went on to say, “At the end of the day, despite all the money spent and all the promises, the American voters get the bill - they’re the one’s who really get it - that’s the story.”
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