What will happen to coins?

[woodman]

I've been wondering what will happen to the value of coins if cash is banned. I'm sure folks here will chime in on this as many have probably thought it out. I remember Ponce saying that he was saving mucho coins of all denominations and various metal compositions because he thought they would be instantly worth more if the dollar was devaluated; but that is not really the issue here. Will coins still be used as a means of barter if cash is no longer used? Cash is basically paper once the government no longer dictates it's value but coins, even those of base metals, still have some value.

How will the value of numismatics be affected when/if cash and coin are no longer used for everyday transactions? If coins are no longer valued as things of utility for everyday purchasing, then they will hold a different meaning for people and maybe not as significant as they no longer are used. Perhaps they will no longer be cherished so. Perhaps the fact that they are antiquated will increase their value? There are an awful lot of coins, old and new, out there.

Just wondering. What say you?

[JDRock]

good question. I couldnt begin to guess.

[midnight rambler]

I've been hoarding nickels for years now, got a pretty good stack.

[ziero0]

fungible (adj.)
"capable of being used in place of another; capable of being replaced," 1818, a word in law originally, from Medieval Latin fungibilis, from Latin fungi "perform" (see function (n.)) via phrases such as fungi vice "to take the place." Earlier as a noun (1765).

1 ounce of gold is fungible with 1,800 FRNs.

1 ounce of gold is fungible with 60 ounces of silver m/l

1 bushel of soybeans is fungible with 2 bushels of corn

Hopefully you get the idea. Books tend to balance although uncollectible (aka bad) debt is only fungible with pennies on the dollar.

A 100 dollar platinum coin in the constitution plane is worth $100. A 100 dollar platinum coin in the Land of Fiction is worth 1,400 dollars. A Sakawagia one dollar coin made of brass is worth one dollar in Fiction Land and two cents in constitution land.

The value of a coin is dependent upon whether you are in Fiction Land or in a constitutional Republic and what the coin is composed of (rarety, use). Which plane you find yourself in is a status issue that attaches to you and not the coin.

[woodman]

fungible (adj.)
"capable of being used in place of another; capable of being replaced," 1818, a word in law originally, from Medieval Latin fungibilis, from Latin fungi "perform" (see function (n.)) via phrases such as fungi vice "to take the place." Earlier as a noun (1765).

1 ounce of gold is fungible with 1,800 FRNs.

1 ounce of gold is fungible with 60 ounces of silver m/l

1 bushel of soybeans is fungible with 2 bushels of corn

Hopefully you get the idea. Books tend to balance although uncollectible (aka bad) debt is only fungible with pennies on the dollar.

A 100 dollar platinum coin in the constitution plane is worth $100. A 100 dollar platinum coin in the Land of Fiction is worth 1,400 dollars. A Sakawagia one dollar coin made of brass is worth one dollar in Fiction Land and two cents in constitution land.

The value of a coin is dependent upon whether you are in Fiction Land or in a constitutional Republic and what the coin is composed of (rarety, use). Which plane you find yourself in is a status issue that attaches to you and not the coin.
I think we can agree that the constitution is a dead man walking. If we could rely on the constitution retaining it's integrity then my question would not be posed.

No doubt the metals in the coins will appreciate but beyond that, what will happen to the value of the coins when they are no longer monetary units? Will there be legislation negating their monetary function when cash is dead? Will the powers that be still keep them in the monetary chain for casual use? Will the citizenry find them useful in transactions regardless of their legal status?

I think it highly likely they will retain some kind of function as money, no matter what. Beyond this, I think the older silver coinage will come back into it's own unless it is somehow outlawed. But what do I know?

Numismatics? I have looked for discussion online but found nothing. Maybe I need to become a better researcher but it almost seems like a neglected topic.

[ziero0]

"I think we can agree that the constitution is a dead man walking. "
You might try that statement on someone who took an oath to make sure it doesn't expire.

"what will happen to the value of the coins when they are no longer monetary units?"

My creator endowed me with no sense of value. Value must manifest in the mind from nothing at all.

Lyrics...Making VALUE out of nothing at all
"And I don't know how you do it
Making value out of nothing at all
Out of nothing at all, out of nothing at all
Out of nothing at all, out of nothing at all
Out of nothing at all
Making value out of nothing at all'

[monty]

I've been wondering what will happen to the value of coins if cash is banned. I'm sure folks here will chime in on this as many have probably thought it out. I remember Ponce saying that he was saving mucho coins of all denominations and various metal compositions because he thought they would be instantly worth more if the dollar was devaluated; but that is not really the issue here. Will coins still be used as a means of barter if cash is no longer used? Cash is basically paper once the government no longer dictates it's value but coins, even those of base metals, still have some value.

How will the value of numismatics be affected when/if cash and coin are no longer used for everyday transactions? If coins are no longer valued as things of utility for everyday purchasing, then they will hold a different meaning for people and maybe not as significant as they no longer are used. Perhaps they will no longer be cherished so. Perhaps the fact that they are antiquated will increase their value? There are an awful lot of coins, old and new, out there.

Just wondering. What say you?

The banks must be about to roll out their pilot programs. The author has some advice, don't participate.

Central Bank Digital Dollar Coming: Resist The Totalitarian Domination Attempt » Sons of Liberty Media
(https://sonsoflibertymedia.com/central-bank-digital-dollar-coming-resist-the-totalitarian-domination-attempt/)
Mac Slavo
3-4 minutes


https://stripe.rs-stripe.com/branding/recommend/web.png (https://stripe.rs-stripe.com/branding/?utm_source=contentstripe&utm_medium=web&utm_campaign=rs_123982&utm_content=logo&rs_type=web)
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The United States nonprofit Digital Dollar Project said on Monday it will launch five pilot programs over the next 12 months to test the potential uses of a U.S. central bank digital currency. This is a huge part of their plan: a fully centralized digital currency where freedom and privacy are nonexistent.


This is the first effort of its kind in the United States. If the ruling classes are successful in convincing the masses they need the CBDC (central bank digital currency) the best you can do is prepare for totalitarian enslavement. Every transaction you make will be tracked and traced. Any time they decide you have to pay some taxes, they’ll just take it. Want to speak out against the slavery that is government? Fine, they’ll cut off your digital wallet. It’s coming unless we wake up and quickly.

The private-sector pilots initially will be funded by Accenture Plc (ACN.N) (https://www.reuters.com/companies/ACN.N) and involve financial firms, retailers and NGOs, among others. The aim is to generate data that could help U.S. policymakers [the ruling class] develop a digital dollar. –Reuters (https://www.reuters.com/business/finance/digital-dollar-project-launch-five-us-central-bank-digital-currency-pilots-2021-05-03/)


This beast system is getting a boost and they are going to make this sound utterly delightful. Sadly, some will willingly agree to be slaves to the banking cartel and ruling class.
“There are conferences and papers coming out every week around the world on CBDCs based on data from other countries,” said Christopher Giancarlo, former chair of the Commodity Futures Trading Commission and co-founder of the Digital Dollar Foundation. “What there is not, is any real data and testing from the United States to inform that debate. We’re seeking to generate that real-world data,” Giancarlo added.


David Treat, a senior managing director at Accenture, said CBDCs would exist alongside other forms of physical and electronic money, rather than replace them. But we’ve already seen a push to get rid of cash because it’s difficult to track and tax a cash transaction between two people.


Ready for a Cashless Society? WHO Says Contaminated Cash and Spread the Coronavirus (https://www.shtfplan.com/headline-news/ready-for-a-cashless-society-who-says-contaminated-cash-and-spread-the-coronavirus)


Control Agenda Moves Forward: Federal Reserve Is Pushing HARD For A Digital Dollar (https://www.shtfplan.com/headline-news/control-agenda-moves-forward-federal-reserve-is-pushing-hard-for-a-digital-dollar)


Getting everyone on a digital dollar system would ensure that breaking away from the two tier society they are also fashioning right now would be impossible. Being free would be something that in a few generations, no one will ever talk about. It’s time to wake up to what’s going on. They want us on this planet only if we agree to be slaves and give up everything including the most important thing: our free will.


Use your critical thinking. Does anyone honestly think central banks were set up for our interest? Does anyone think that a CBDC fully controlled by the rulers of the planet will be good step for humanity? This is yet another puzzle piece to the overall New World Agenda that’s magically falling right into place. Coincidence?


Article posted with permission from Mac Slavo (https://www.shtfplan.com/headline-news/the-central-bank-digital-dollar-is-coming-prepare-for-totalitarian-domination)

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