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<p>[QUOTE="Blaubart, post: 1676826, member: 37498"]I think there will be enough small silver coins out there for change.</p><p><br /></p><p>The issue of wear was a small issue back when silver coins were the norm, and they'd be a small issue if they ever get used as currency again. If people try to hand you a coin that is too worn by your standards, you ask for a different one. Easy peasy...</p><p><br /></p><p>As for there being enough, how much does there have to be? How many pennies, nickels, dimes, quarters, halves, dollar coins, 1, 2, 5, 10, 20, and 50 dollar bills do people carry around for fear of not being able to get change for $100's? If you wanted to store $10,000 in wealth, would you store 10,000 $1 dollar bills? I wouldn't. I would store $9000 in $100's, $500 in $50's, and $500 in $20's. My PM stacks are similiar, but even more oriented towards small denominations. I have a few ounces in gold, a few ten ounce bars of silver, one five ounce bar, and the rest is split about evenly between one ounce coins and smaller denomination coins.</p><p><br /></p><p>Let's take your example of a bottle of water. If I went out to buy a bottle of water and only had a 1 ounce coin and the person selling the water could not offer any sort of change, I would either buy +/- $28 worth of water and other items I need, or I would keep walking.[/QUOTE]</p><p><br /></p>
[QUOTE="Blaubart, post: 1676826, member: 37498"]I think there will be enough small silver coins out there for change. The issue of wear was a small issue back when silver coins were the norm, and they'd be a small issue if they ever get used as currency again. If people try to hand you a coin that is too worn by your standards, you ask for a different one. Easy peasy... As for there being enough, how much does there have to be? How many pennies, nickels, dimes, quarters, halves, dollar coins, 1, 2, 5, 10, 20, and 50 dollar bills do people carry around for fear of not being able to get change for $100's? If you wanted to store $10,000 in wealth, would you store 10,000 $1 dollar bills? I wouldn't. I would store $9000 in $100's, $500 in $50's, and $500 in $20's. My PM stacks are similiar, but even more oriented towards small denominations. I have a few ounces in gold, a few ten ounce bars of silver, one five ounce bar, and the rest is split about evenly between one ounce coins and smaller denomination coins. Let's take your example of a bottle of water. If I went out to buy a bottle of water and only had a 1 ounce coin and the person selling the water could not offer any sort of change, I would either buy +/- $28 worth of water and other items I need, or I would keep walking.[/QUOTE]
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