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Should face value of american eagle be change to higher denomination?.
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<p>[QUOTE="Cloudsweeper99, post: 687939, member: 3011"]There was a proposal in Mexico which solved this problem. The idea is to periodically adjust the face value upward when the price of metal rises, but to never decrease it if the price of the metal falls. In this way, the purchasing power of the consumer adjusts upward for inflation, but can never drop. The proposal was made in connection with a proposal to restore silver coins to circulation. The most common objection is that the face value could end up being higher than the underlying metal value, but that argument is easily dismissed because the face value of nearly all coins is higher than the metal value. As long as the face value keeps up with the melt value or slightly exceeds it, the coins will never be melted for industrial purposes.</p><p><br /></p><p>It's an intriguing idea.[/QUOTE]</p><p><br /></p>
[QUOTE="Cloudsweeper99, post: 687939, member: 3011"]There was a proposal in Mexico which solved this problem. The idea is to periodically adjust the face value upward when the price of metal rises, but to never decrease it if the price of the metal falls. In this way, the purchasing power of the consumer adjusts upward for inflation, but can never drop. The proposal was made in connection with a proposal to restore silver coins to circulation. The most common objection is that the face value could end up being higher than the underlying metal value, but that argument is easily dismissed because the face value of nearly all coins is higher than the metal value. As long as the face value keeps up with the melt value or slightly exceeds it, the coins will never be melted for industrial purposes. It's an intriguing idea.[/QUOTE]
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Should face value of american eagle be change to higher denomination?.
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