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<p>[QUOTE=&quot;Conder101, post: 1913772, member: 66&quot;]And the simple was to do that is the NEW cent, nickel, dime etc have the purchasing power of 10 times the old coins (same for paper money).&nbsp; The old coins still have their same purchasing power.&nbsp; Of course this would mean the new coins would also have to be a different size so no one could pass off old coins as new ones.</p><p><br /></p><p>In effect what this would be would be a revaluing of the dollar, something that has been done in MANY countries around the world.&nbsp; It doesn&#039;t really accomplish anything economically, but it does allow for smaller denomination coins to remain in circulation, reduced production requirements for the coins, and everyone gets to deal with smaller numbers.&nbsp; I&#039;ve recommended a 100 to 1 exchange though instead of 10 to one.&nbsp; Silver would be around 20 cents and oz and gold around $13 an oz.&nbsp; it would actually be possible to have silver and gold circulating coins again.&nbsp; (Maybe not practical, but possible.)&nbsp; A silver dime has $1.41 in Old Dollars bullion value.&nbsp; In New Dollar that would be 1.4 New Cents&nbsp; in a coin with a face value of ten New Cents. and it would have the purchasing power of a current ten dollar bill.&nbsp; Would it circulate?&nbsp; Why not?&nbsp; It has a face value six times higher than its intrinsic value.&nbsp; Some people might say they would hoard it anyway because it&#039;s silver!&nbsp; Sure but in effect you would be paying $10 for $1.41 worth of silver.</p><p><br /></p><p>How about a new double eagle with half an oz of gold in it?&nbsp; gold would have to reach the equivalent of $4,000 an oz in current dollars before the coin would contain its face value in gold.&nbsp; In other words gold would have to more than triple in value to break even hoarding the new gold coins.[/QUOTE]</p><p><br /></p>

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