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<p>[QUOTE=&quot;princeofwaldo, post: 1259946, member: 24091&quot;]Essentially, all circulating coins now in use here in the United States are worthless or nearly worthless. Even the quarter dollar has very limited utility. It would take 20 of them just to buy a coke at a major league baseball game. As for the lower denominations, especially the penny, their existence continues for only one reason. They help perpetuate the paradigm that the dollar itself is still worth something, which as we all know is getting to be more and more questionable with each passing day. The idea being, if the government thinks the penny is worth something, than surely the dollar is worth something. Its dubious logic at best, but so far it appears to be working, at least in so far as there haven&#039;t been any bank runs yet followed by mass conversion of paper currency into precious metals. Once that comes, coins will cease to circulate for anything. The vending industry will be wiped-out and replaced with kiosks run by folks well connected enough to get permits from the local city to run them. Soon after that, there will be a currency reform, 3 zeros will be lopped off everything, new coins will be minted, and almost the instant they enter circulation the exact same scenario will play out AGAIN, with bank runs, conversion to hard currency (in this case precious metals). Could be this cycle runs 3 or 4 times before a stable currency is introduced, and by the time that happens, imports into the US will have dropped to almost zero, and the economy will begin growing --real growth-- for the first time since about 1950.&nbsp; All the old coins from 1965 until present will get melted down, as will any coin subsquent to the introduction of a stable replacement for the dollar.&nbsp; By the time they are finished, Queen Elizabeth II will once again povault past Lincoln as the most ubiquitous portrait on coins worldwide.[/QUOTE]</p><p><br /></p>

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