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Nice article on modern world coins
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<p>[QUOTE="chrisild, post: 1928797, member: 39"]What I just find odd is the emphasis on "fiat" - as you wrote, there simply is nothing else. What is true though, and in that regard I agree with the authors, is that there is hardly any incentive to keep, say, a bronze or copper-nickel coin because of its intrinsic value ...</p><p><br /></p><p>As for those "illegal exchanges", maybe some of the euro countries had restrictions regarding the continued use of old coins. But the article simply refers to a "new law", without any further information. And I do know that around here you can certainly pay with DM cash if the store still accepts it. (Most don't, but that is a business decision, not some law.)</p><p><br /></p><p>While we do indeed not know exactly how many of those old coins "survived", the fear that they may soon be gone is an exaggeration, I think. In Germany, for example, about 24 billion DM and Pf coins, worth 3.5 billion euro, have not been redeemed.</p><p><br /></p><p>Christian[/QUOTE]</p><p><br /></p>
[QUOTE="chrisild, post: 1928797, member: 39"]What I just find odd is the emphasis on "fiat" - as you wrote, there simply is nothing else. What is true though, and in that regard I agree with the authors, is that there is hardly any incentive to keep, say, a bronze or copper-nickel coin because of its intrinsic value ... As for those "illegal exchanges", maybe some of the euro countries had restrictions regarding the continued use of old coins. But the article simply refers to a "new law", without any further information. And I do know that around here you can certainly pay with DM cash if the store still accepts it. (Most don't, but that is a business decision, not some law.) While we do indeed not know exactly how many of those old coins "survived", the fear that they may soon be gone is an exaggeration, I think. In Germany, for example, about 24 billion DM and Pf coins, worth 3.5 billion euro, have not been redeemed. Christian[/QUOTE]
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