RE: The lack of interest amazes me…
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Their dates begin in 1979 with no Silver… What’s important is their $1 Face Values… On the other side of the Reset, each $1 Coin will have the Spending Power of one of todays 100 Dollar “Bills”…
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interesting hedge for optionality. If the reset credits face-value coins at a premium to paper, you’ll win big, but history don’t really support unequal treatment across same-unit liabilities. Most redenominations map $1 to $1 in the new unit... unless specific series get excluded or capped. So low downside, but I’d treat the 100x as a tail, not base case :)