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<p>[QUOTE=&quot;gxseries, post: 101797, member: 4373&quot;]Name me one country that actually uses silver in their current circulating coinage. I don&#039;t think there are any more countries that do, and in fact you should consider yourself lucky as US still has some silver coins in circulation if you are lucky enough. No other countries can afford to circulate silver coins any longer. </p><p><br /></p><p>In the past, you can pay for quite a fair bit of items with coins. A few sweets? Perhaps quite a fair bit for a nickel. Nowadays, what can you buy with a nickel? Perhaps, it&#039;s just powerful enough to choke someone, but that is pretty much it. Buying power of a coin has gone down, and when higher denomination of banknotes got issued to meet consumer price index, coins are getting out of the question. With higher levels of counterfeiting to pass off, adding silver to genuine coins is not a way to deter counterfeiters but in fact making them happy as they could make a major profit. No government is able to &quot;waste&quot; so much money on such expensive counterfeit measures. </p><p><br /></p><p>Gold IS out of the question. Why? Because gold prices are somewhat unstable and hence out of the question. In the past, this was doable because the US used to guarantee *FIXED* price for an ounce of gold, however private ownership of gold bar was not allowed. </p><p><br /></p><p>Suppose if US ever managed to issue such 10 dollar coin (I think some company is doing that though), how likely one not accept it as a payment? Or rather, this would be a very typical example, but would you give a waiter tips in several 1 dollar bills or several 1 dollar coins? I think that is the keypoint of why 1 dollar coins don&#039;t get much chance to circulate - there are people resisting coins. Imagine people who don&#039;t know the value of coins - what your good intentions of tipping someone 10 dollars could result in fury. </p><p><br /></p><p>I guess that is what you get in a selfish world - all &quot;expensive&quot; things get hoarded by the rich people and general public gets less of it.[/QUOTE]</p><p><br /></p>

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