Message:

<p>[QUOTE=&quot;yakpoo, post: 7849822, member: 18157&quot;]I&#039;ve read where the proposed shift towards solar and electric power will push copper prices even higher. At the very least, changes to the nickel&#039;s composition will most likely occur. I can&#039;t find it now, but a while back I was reading some legislation where it says that the Mint &quot;shall produce coins in support of commerce&quot;.</p><p><br /></p><p>$100 &quot;could&quot; be the lowest denomination currency, but that would mean everyone would have to buy products in $100 increments. Pricing competition would be in volume instead of price. That might be fine for buying a car, but not so much if you&#039;re buying something like &quot;toothpicks&quot;. Few people need $100 worth of toothpicks at any one time.</p><p><br /></p><p>This is why we produce coins...in support of commerce. Meaning, their value has a specific commercial purpose. Inflation has rendered the lower denominations worthless for commerce. There&#039;s nothing you can buy anymore for 1¢, 5¢, or even 10¢. Even a gumball costs a quarter today.</p><p><br /></p><p>The bottom line is...we&#039;re creating coins that no longer support commerce. I wish I could find that reference again. I believe it creates the requirement for a redenomination of our coinage.[/QUOTE]</p><p><br /></p>

Your name or email address:

Do you already have an account?

• No, create an account now.
• Yes, my password is:
• Forgot your password?

Stay logged in