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<p>[QUOTE=&quot;Check_M_All, post: 169746, member: 6661&quot;]Mexico&#039;s plan is flawed (in my opinion) in the fact that the value of the coin will have to change with the market price of silver (even/especially if the only direction is up). People will have to keep track of how much the coin is worth today. Silver goes up. The government states the coin&#039;s value has risen. How many people will try to take advantage of those who haven&#039;t heard yet that the value of the coin rose earlier today? It&#039;s only been a few hours after all. </p><p><br /></p><p>Defining the dollar as a weight of silver once again could make for some interesting price changes of all the products we buy. Silver has tripled in price over the past few years... with some pretty sharp dips and rises along the way. Retailers and wholesalers would be forced to constantly change their prices to reflect the new value.</p><p><br /></p><p>In theory, yes, but in reality, I don&#039;t believe that silver/gold and fiat can exist side by side. </p><p><br /></p><p>Counterfeiting... is as easy as making dies from an actual coin and producing exact replicas. For any country that has a mint or any private mint, this would not be much of a challenge... no serial numbers, no color change ink, no watermark... </p><p><br /></p><p>To use silver and have to constantly change the silver content of the coins to reflect an approximate intrinsic/face value would not be a worthwhile undertaking. How do you collect up all the coins that have far exceeded their face value to melt for creating coins with a lower silver content? The problem isn&#039;t in a country&#039;s citizens hoarding/melting the coins. The profits and the metal remain within that economy. The problem comes when other countries hoard and melt those coins removing the silver from the issuing country&#039;s supply (assuming that we&#039;re talking only one country making the move back to silver), potentially creating substantial profits for those countries and considerable losses to the country that had put the money into circulation. It&#039;s a very different scenario from the issuing of bullion coins which are meant for that very purpose. </p><p><br /></p><p>I would love to see it happen. The old silver halves are worth nearly $5 in silver, the dollars nearly $10, dimes nearly $1. We switch back to silver and drop a decimal point, and everything is right back where it started. Gas goes from (at the station by me) $2.25 down to $0.23, coffee and a newspaper... $0.15. Of course, your bank account is much smaller as well, but coins are useful again. I just can&#039;t see any scheme working without global participation.</p><p><br /></p><p>The Liberty Reborn silver dollar... that&#039;s the new dollar that I&#039;d like to see.[/QUOTE]</p><p><br /></p>

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