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<p>[QUOTE=&quot;softmentor, post: 1434084, member: 10469&quot;]<b><b><a href="http://www.cointalk.com/member.php?u=26302" class="internalLink ProxyLink" data-proxy-href="http://www.cointalk.com/member.php?u=26302"><b><b>good point&nbsp; medoraman</b></b></a>&nbsp;&nbsp; </b></b>But I still like the idea of common coinage having underlying value. A lot of people over the years have saved up coin &quot;for a rainy day&quot; Kind of the poor man&#039;s savings account. Take the huge release of coin back into circulation in 08 and 09 that lead to shutting down the mint presses in 09. people held coin because of its value and used it when they needed it. Not that you can&#039;t ( and people did) do that with clad coin, but people do know the difference and like that intrinsic value. How many little &quot;grandpa&#039;s cigar box&quot; coins are still horded up just because of that? They aren&#039;t hording paper money. </p><p>How many coin collectors started collecting coin <i>instead </i>of stamps, because the coin &quot;will always be worth something&quot; not like a stamp. I like that value and it says something about the American dollar when there is value in that coin and America its self when the put that value in. </p><p>re that &quot;law&quot; that silver would soon be out of circulation because of &quot;wild swings in silver prices&quot; while that would be true if you tried circulating a coin worth 90% of its face value, I would like to see coin that is less than half of face in copper or silver value, but still something substantial. Enough to say this has value in and of its self.&nbsp; <b><b><a href="http://www.cointalk.com/member.php?u=26302" class="internalLink ProxyLink" data-proxy-href="http://www.cointalk.com/member.php?u=26302"></a></b></b>A coin the size of a dime with 90% silver is worth (very rough round number) $3. To make a coin that size and call it a $5 coin would mean that coin would certainly not have a long circulation, as the &quot;law&quot; says. but a coin between the size of a nickle and a quarter that was the same copper as old pennies, and minted as a dollar coin, would be worth maybe 5c in copper and would have a good long circulation life. If the economy outruns the value of that coin so fast that it never circulates and is horded right away, then the kind of coins we have and use will be the least of our worries.[/QUOTE]</p><p><br /></p>

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