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If "world exchange currency" is changed, what will happen to our US currency?
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<p>[QUOTE="Dave M, post: 1275502, member: 17469"]Nothing would happen to *my* collection, but I assume you're talking about folks that collect US notes. My guess is that if there were some sort of dramatic inflation in the US, then the component of your collection that was not numismatic, ie, the component tied to simply the cash/spend value of your notes, would be in trouble. E.g. An old silver certificate is collectible not because of its $1 value, but because it has a collectible numismatic rarity. But a 2006 $100 note in CU is not worth $102 because of numismatic value, but largely because it's current cash. That note would obviously trade at prices largely influenced by inflation.</p><p><br /></p><p>Realistically keep in mind that most countries outside of the US have demonetized their currencies many times, and their old notes are 100% numismatic in value. It is pretty unique to the US to have "I can always spend it" as a fall-back.</p><p><br /></p><p>Dave[/QUOTE]</p><p><br /></p>
[QUOTE="Dave M, post: 1275502, member: 17469"]Nothing would happen to *my* collection, but I assume you're talking about folks that collect US notes. My guess is that if there were some sort of dramatic inflation in the US, then the component of your collection that was not numismatic, ie, the component tied to simply the cash/spend value of your notes, would be in trouble. E.g. An old silver certificate is collectible not because of its $1 value, but because it has a collectible numismatic rarity. But a 2006 $100 note in CU is not worth $102 because of numismatic value, but largely because it's current cash. That note would obviously trade at prices largely influenced by inflation. Realistically keep in mind that most countries outside of the US have demonetized their currencies many times, and their old notes are 100% numismatic in value. It is pretty unique to the US to have "I can always spend it" as a fall-back. Dave[/QUOTE]
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