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Would it be feaseable to have circulating silver?
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<p>[QUOTE="-jeffB, post: 2716108, member: 27832"]Once you've done that, what's the point? How is it different from our current situation, where there's (runs off to check Coinflation) $13.37 worth of copper and nickel in $100 worth of dimes, quarters, halves, and Ikes?</p><p><br /></p><p>I'm not sure whether you actually are arguing for circulating silver coinage. If you are, I can't tell whether you're doing so because you love silver, or because you're <i>really</i> arguing for larger-denomination coins ($10, $100, $5000).</p><p><br /></p><p>I agree that it's silly to have the same denominations that we had in the 1800s, while the dollar has lost 90-odd percent of its value. But we won't get larger denomination banknotes -- that battle's already lost -- and nobody will admit defeat by discontinuing the cent/nickel/dime.</p><p><br /></p><p>I just don't see any path to anything other than fully electronic money, and the death of cash.[/QUOTE]</p><p><br /></p>
[QUOTE="-jeffB, post: 2716108, member: 27832"]Once you've done that, what's the point? How is it different from our current situation, where there's (runs off to check Coinflation) $13.37 worth of copper and nickel in $100 worth of dimes, quarters, halves, and Ikes? I'm not sure whether you actually are arguing for circulating silver coinage. If you are, I can't tell whether you're doing so because you love silver, or because you're [I]really[/I] arguing for larger-denomination coins ($10, $100, $5000). I agree that it's silly to have the same denominations that we had in the 1800s, while the dollar has lost 90-odd percent of its value. But we won't get larger denomination banknotes -- that battle's already lost -- and nobody will admit defeat by discontinuing the cent/nickel/dime. I just don't see any path to anything other than fully electronic money, and the death of cash.[/QUOTE]
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