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What if silver was put back into circulation?
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<p>[QUOTE="Bill in Burl, post: 1432992, member: 23692"]When silver went up, the coins would either get smaller or they would reduce the purity. Silver wears much faster than steel, chrome, and nickel alloys so they would have to be replaced more often. If they started minting coins with, say, .300 or .500 silver instead of .900 or .920, then things may be OK for a while, but Mexico tried that and it was a bust. It would still be nice to hear the "ring" of a silver coin when it hit the bar to pay for a cold one, but anyone less than 60 has missed that pleasure. If the US started to mint $1 and $2 coins like Canada, all cash registers would run out of slots for the change, like they did here in Canada .. that's what took the 50 cent piece essentially out of circulation here in Canada .. .no cash register slots. Now that they have done away with the penny here, they have a little more room, but they are talking about a $5 coin so that's that.[/QUOTE]</p><p><br /></p>
[QUOTE="Bill in Burl, post: 1432992, member: 23692"]When silver went up, the coins would either get smaller or they would reduce the purity. Silver wears much faster than steel, chrome, and nickel alloys so they would have to be replaced more often. If they started minting coins with, say, .300 or .500 silver instead of .900 or .920, then things may be OK for a while, but Mexico tried that and it was a bust. It would still be nice to hear the "ring" of a silver coin when it hit the bar to pay for a cold one, but anyone less than 60 has missed that pleasure. If the US started to mint $1 and $2 coins like Canada, all cash registers would run out of slots for the change, like they did here in Canada .. that's what took the 50 cent piece essentially out of circulation here in Canada .. .no cash register slots. Now that they have done away with the penny here, they have a little more room, but they are talking about a $5 coin so that's that.[/QUOTE]
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What if silver was put back into circulation?
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