Inflated dollar - what can collectors do or help?.

dollar higher

one dollar = canadian $1.2692

one euro = u.s. $1.2669

one british # = u.s. $1.5726

one dollar = australian $1.6222

yen stronger:
one dollar = Jap Yen 92.775

 

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can the b.e.p. just print $200.00, $500.00 and $1,000.00 dollars bill. with the inflation and recession. financial crisis and so forth. dollar is worth lesser and lesser. when you buy somethings. it cost more and more. if you pay cash. you have to carry more too. we need larger denominations. right or wrong?.

 

in a word wrong

no one uses cash to buy big ticket items

 

but other countries like EURO. they printed up to 500.00. why?.

 

Although we should. Other than a car or house most people should use cash to buy items. The plastic frenzy of easy credit has helped us get into this financial mess. Personally when I spend cash I tend to feel the pain more than when I blindly swipe my card. I think we should print at least the $500 note again maybe even the thousand, but a $200 would be weird.

 

for collectors. the more denominations out there is good for collection.

 

the mint should issue a 95% half cent to commemorate its centennial. a collector choice.

 

Because those countries have not embraced checking accounts or credit cards to anywhere near the extent that we have. They are a much more pay as you go cash dependent society.

 

to conder101: since you are a numismatist. are you working with the mint or a slab company. or maybe a dealer, a coin store or just a collector like me?.

 

This is true for credit cards, and if I might add, a GOOD thing.

At the same time, it is absolutely false for checking accounts. Most people do not use cash, but only debit cards. Also, some countries have an ATM system far more advanced than the US system.

Also, a lot of those countries pretty much got rid of checks. It is a pretty archaic method of payment if you ask me.

 

I'm just a collector and student of the field. I did the dealer side for three years but I have too much of a collector mentality. I tend to care a whole lot about the coins themselves, and the stories and history and very little about grades and values. I'd rather have a low value, damaged, ugly piece with an interesting history than a high value pristine modern whose story is "I came from the mint and went straight to the TPG and was slabbed 70."

 

Most people and governments holding US Dollars don't actually hold hard currency.

 

Just a side note discussion

Earlier this week, China, with Russian support, proposed creating a super-sovereign reserve currency to replace the U.S. dollar as the de facto global currency.

 

just keep buying gold. what you think?.