Word: coins
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...never seen anything like this. On Jan. 2, post-office trucks rolled up to Ottawa's turreted mint building with 125 bags containing nearly 2,000,000 pleading letters. Within a week the mail reached 6,000,000 letters. And who was doing most of the writing? U.S. coin collectors...
...acute coin shortage at home has forced the U.S. Treasury to stop minting "proof sets" of U.S. coins.* To discourage collecting, the U.S. has even decided to emboss all coins minted in the first half of 1965 with last year's date. So U.S. numismatists have turned to Canada for this year's issue...
...effect was a little like a run on a country bank. The Canadians fear a coin shortage of their own, and the Ottawa mint is Canada's only coin-making facility. As the mail piled up, Finance Minister Walter L. Gordon issued a hurried public statement declaring the sales of 1965 sets halted. The first day's orders alone were enough for the whole year. Mint Master Norval A. Parker turned one of the mint's cafeterias into a workroom, hired 20 extra workers to return the letters to their senders...
...centavo became a victim of Brazil's roaring inflation, and last week the government finally declared it extinct. So is the one-cruzeiro note (worth 100 centavos), which cost four cruzeiros to print. From now on, cruzeiros up to the 500 denomination (value: 33?) will be issued as coins. As for the centavo, it immediately became worth more dead than alive. Last week an early ten-centavo piece was fetching 500 cruzeiros from coin collectors...
...future, Simon Ramo, vice chairman of Thompson Ramo Wooldridge Inc., which is paid to think such thoughts, recently offered a vision of shopping as it may be in the next few decades. "Financial and accounting operations will be revolutionized by electronic information networks. Personal checks, and even currency and coin, will be delegated to a few rural areas or museums. When you buy a necktie or a house, your thumb print in front of the little machine will identify you, subtract from your account and put it into the seller's account, all through electrical signals...