What happens to our coin values if

Sort of in keeping with the topic watch the market this week. There may be a lot more to that plunge the other day than they are telling us.

 

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After watching that 1000 point DOW drop the other day I have to agree with your comments. Regardless of what cause the drop, it was painfully obvious how fragile our financial system is. We are one crisis away from a major meltdown.

 

I may not have been perfectly clear with my original post. However, I found the responses so intriguing that I had to refrain from refining my point until I read some of the fantastic posts you folks placed.

I wasn't really speaking of complete economic collapse just the death of the physical dollar and a replacement with, for example "debit cards"! In effect doing away with dollar bills and pocket change whereas the concept of money is gone is.

A situation where the United States mint is dissolved and everyone is payed with credits and cash is no longer. Not necessarily a situation of economic collapse but a scenario of termination of physical money.

Seems to me that the freedom of physical cash puts our ever growing hungry government at a disadvantage for ensuring 100% tax collection. I.e. paid under the table, cash on the barrel head, and non-reporting of funds. With a credit system and a plastic card no transactions will be completed without the government knowing about the transaction.

Under this scenario, what will happen to the "numismatic value" of out collections??:whistle:

 

Given this clarification, then I retract my original optimistic stance and say that we better buy those keys and semi-keys now, as well as hoard as much coinage as possible. TC

 

According to the Mayans, it will happen next year. You may want to save as many 2012 coins as you can since they will all be the last year of issue.

 

85% of my collection is in 4 bank safety deposit boxes I visit monthly.that my son will get to pass on to his son!
Mayans and 3 other cultural have 2012 as the end, but I think and hope or it will be like the yr 2000!!!and maybe just a start of yet one more long count calender.

 

When monetary systems collapse, people resort to the bartering system.

 

I don't believe one iota in the 2012 end of the year garbage! What were the Mayan calendar people supposed to do, make a calendar to go for 50 trillion years?They had to stop making the calendar at some point!

I think the calendar maker realized that it was stupid to make calendars so far in advance that he would not even see and said "screw it" put down his hammer and chisel and went and had a beer!

 

I think all coins will be used as barter units and traded for however much food or whatever is being traded that the merchant feels the silver (or copper in the case of copper pennies) is worth. For example, you'll be able to easily puchase a loaf of bread for a silver quarter should federal reserve notes become worthless.

 

I don't think most people understand that in the bigger picture, absolutes do not exist, nor do governments need them to. The governments are more than happy with MOST. They already have it to where MOST every transaction is digital and every job is taxable, I believe they have already controlled that to the point that they set out to. Hard currency will always exist, because they like making untraceable secret deals too!!! Mhahaha!

 

Further more I speculate that IF they did completely annihilate physical currency altogether, than they would just give way to people bartering all over, which they really wouldn't wish to do. Because people would start at first to trade item not needed for item needed and than would begin again to trade silver and gold when they couldn't trade directly which would create a big nightmare for government to control and tax. I think they have already won on that front as much as they wished to and needed to.

I do not believe that the world is any more or less likely to end in the next 2 years as the next million years and If I'm wrong I probably will not be around to care that I was