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<p>[QUOTE=&quot;onecenter, post: 2126730, member: 8703&quot;]I believe Mexico is the last country to try and circulate a coin with silver content, when the peso was redenominated upward in 1993.&nbsp; Given Mexico&#039;s long coinage history of precious metal coinage, the effort was noble but another classic application of Gresham&#039;s Law.&nbsp; The coin was hoarded and did not last long in circulation without reverting to a base metal bi-metallic.</p><p><br /></p><p>In just two-to-three generations, all precious metal has been driven from all the world&#039;s coinage systems.&nbsp; I doubt it will return in my lifetime (I am age 54).</p><p><br /></p><p>The value of the US dollar in 2015, 102 years after the creation of the Federal Reserve System of Banks has fallen to the 1913 value of one cent.&nbsp; It was once illustrated that buying a home in the early years of the 20th century took a specific number of ounces of gold.&nbsp; In 2015, the home costs exactly the same in terms of gold, but the dollar amount is vastly inflated in comparison.[/QUOTE]</p><p><br /></p>

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