Coins into razor blades

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Wouldn't be surprised to see that happening in China as well. Metal is very scarce. Not sure if it would/could really happen in the US though. It's ashame - makes you wonder what the future holds for coins around the globe.

Thanks

Darryl

 

Interesting article. Will be interesting to see future developments.

 

Maybe it's a good thing then that the US Mint's attempt at $1.00 coins doesn't work?????

swick

 

This is all because the monetary value of the coins have decreased so much that the value of the metal in the coin is greater than the value of the coin. Compare what a nickel could buy you 100 years ago to it's value today. I don't think it's rocket science, but apparently it is.

 

Plastic coins here we come :rolling:

 

I read a story where an Indian woman was selling 100 rupees outside a bank for 120 rupees. I guess she could make change.

 

To some degree this is about the value of the metal but on the other hand, it's also about being able to produce a product and sell it for more than coin's worth.

 

samjammy

All bullion (silver, gold, palladium and platinum),commemorative, SPEs, Proof-like and proof coins are minted under that premise.

Clinker

 

Very interesting reading...

 

No we dont you are on your own i am not going there

 

I've been expecting that to happen with the US cent, for the last couple of years.
It might happen after the centennial.

 

Yup, one giant leap backward.
They'd be more like the old tax tokens but on a national level.

 

Very interesting read Doug. Coin shortages have certainly been problems in this country before.

 

Monopoly anyone?

John

 

That's pretty interesting. The US had its own period where hard times tokens and Civil War tokens had to be privately issued to relieve coin shortages. I'd rather see them change the denomination on coins than eliminate them.

 

I'm saving all my nickels for the day when we change over metals