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Article: COINS COLLECT CRITICS IN HEARING.(BUSINESS)
- Article from:
- Albany Times Union (Albany, NY)
- Article date:
- July 16, 1995
CopyrightCOPYRIGHT 1995 Albany Times Union. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Byline: BILL MCALLISTER Washington Post
WASHINGTON U.S. Mint Director Philip N. Diehl made a surprising confession to Congress this week: The commemorative coins his government agency sells by the thousands, often for hundreds of dollars apiece, are a poor investment.
``The record is absolutely clear: These are not good investments,'' Diehl conceded to members of the House Banking subcommittee on domestic and international monetary policy. ``They are keepsakes . . . mementos. . . We compete with T-shirts.''
``High-priced T-shirts,'' suggested Rep. Sue W. Kelly, R-N.Y., voicing concern that many individuals who bought coins celebrating ...