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Message:: [QUOTE="Conder101, post: 164260, member: 66"]Sure but so what.  How would it be any different from the period of about 1890 to 1940 period when the intrinsic value of the silver in the coins was only worth 25 to 50% of the face value?  And although it would still be at least somewhat fiat it would still have much more real value than it does today.  Trying to do a full intrinsic value  coinage (especially if you are trying to do a bimetallic standard) is not possible and will fail as soon as one metal or the other shifts in value even slightly.  With the system I outlined the precious metal alloy coins would continue to circulate even with large movements in the value of the metals.  Silver would have to increase almost tenfold and gold roughly fourfold  ($100 and $2400 in todays currency) before they would come close to exceeding the face value of the coins.  Not saying that that can't happen, but if it did another currency revaluation could do the same thing again. We have gotten into the position we are in today , not because the value of the metals fave really increased, but because the value of the dollar has declined.  It has been a slow steady decline and we have tried to maintain the fiction that a dollar is a dollar is a dollar, and a dollar from years ago is the same dollar as it is today.  That just isn't true.[/QUOTE]