Will coins disappear in our lifetime? I find it pretty sad cause I think a coin is a very romantic object, a small piece of metal that travels the world, trades many hands, helps society function.
well, seeing as there are roughly 60 billion US quarters in circulation alone, I'd say that even if every country in the world stopped minting coinage, it's unlikely coins will ever disappear in your lifetime, or your grandchildren's lifetime or your great grandchildren's lifetimes for that matter. IIRC there were still coins from Ancient Rome in circulation in backwater areas in Europe all the way until the 19th century
>>18126125I don't think coins are going anywhere soon, but you will probably see stuff like pennies and dimes got away
>>18126125coins stopped making any sense once they stopped being minted from precious metalsmoney is fake and gay but we use it anyways because everyone agrees it is worth something
>>18126179>coins stopped making any sense once they stopped being minted from precious metalsNo. You are a very stupid person
>>18126183Honestly, I think it is because most people are retarded that they think coins should be worth something in spite of the fact that they are no longer minted from anything of value.
>>18126194Copper, brass, and nickel aren't worthless, plus, coins have value beyond their metallic content, anyone who has traded bullion knows this. A 1oz silver coin will always be worth more on the market than 1oz of raw silver, because people collect coins for their historic and artistic value as well as their direct monetary value, as raw silver is actually more difficult to trade in many markets without proper mintage to verify its value.
>>18126212pennies are supposed to be 100% copper, today they are 2.5% coppera nickel is supposed to be 100% nickel, today it is 25% nickela dime is supposed to be 100% silver, today it is 0% silverand the gold dollar is obviously no longer a thing
>>18126264Debasement has absolutely nothing to do with what I just said. In fact I was literally just explaining how the value of coinage is divorced from its metallic content, dumbass.
>>18126264>supposed toaccording to who?
>>18126278demand also causes fluctuations in value, but that is currently the only thing giving any fiat currency any value. There is no objective reality to the value of fiat currencies beyond what people in their heads think they should be worth.
>>18126294>according to who?The U.S. Coinage Act of 1792
>>18126300Did they never change that stuff?
>>18126297>but that is currently the only thing giving any fiat currency any value.Currency based on the size and stability of an economy is better than currency based on the momentary value of random shiny rocks. You know what drove the creation of fiat currency in the first place? No, it wasn't your weird lolbert conspiracies, it was the rise of industrialism, because materials like gold were more useful for manufacturing than they were sitting in a treasury building.
>>18126125They may stop being minted but will probably be in circulation for the next couple centuries atleast, and then be collectible beyond that.
>>18126781But for how long will the infrastructure be willing to tolerate an obsolete form of payment? In order to process coins, you need cash registers, vending machines, counting machines, armored vehicles, heavy duty cotton bags etc. 100% cashless stores are already becoming a thing in many places.
>>18126831>100% cashless stores are already becoming a thing in many places.Even if that's true, they're likely going to be the outlier rather than the norm for a long, long time because most businesses prefer cash over credit card regardless of consumer convenience because they're usually forced to take on transaction fees or tack transaction fees onto customer receipts which ends up pissing more people off than otherwise. Also for what it's worth, things like weed dispensaries will only deal in cash because credit card companies have to operate on a federal level even if it's legal for a given state
>>18126171They already stopped ordering metals for new pennies I think. The last American pennies will be minted next year when the current supply of materials is used up.
>>18126471there is nothing inherently wrong with fiat currency, but putting the power to create it into the hands of jew bankers who hate white people was a bad idea.
