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 Replies: 141 / Views: 11,509 |
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Valued Member
United States
60 Posts |
Quote:
If there were an economic collapse, then the metal value of all of our debased coinage will be worth a lot more than face value; even if it is just for industrial or survival purposes (they would be easier to barter with). The fiat paper would be completely worthless, except for kindling or maybe clothing. you failed to mention that if we have an economic collapse, they will still be minting coins. if metal prices rise, then so do cost of aquiring those metals to process. doesn't pass the common sense test. Kinda like buying gold at its peak. Also, if the economy collapsed, dont expect to walk into safeway and expect them to give you melt value for your coins. Still going to be 1 dollar coin to them. |
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Pillar of the Community
United States
3640 Posts |
Leave the U.S. mint alone.
They are self sufficient as is.
People will always want the best coins made
in the world.
Even with the increased cost of production
how many other entities can state that they
turned a 50 million dollar profit. This is a great
example of how a business can run without the use
of taxpayers dollars. Only downside is that the treasury
dept. was left to handle the mints affairs years ago.
I'd like to keep the one cent. Maybe steel again with copper
plating. ? Whatever it will take to save/add to the mints coffer.
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Valued Member
United States
60 Posts |
Quote:
Because it takes up more space than a $20 note would. Simple physics. I do not like fat wallet. If I pay for something and end up with more than four one dollar notes in my wallet, then I know I did something wrong . More than 4 notes means 5 notes or more. Please explain how you would pay for something and receive 5- 1 dollar notes?. Then please explain how it would be your fault. If you bought a 10 cent candy bar and use a 5 dollar bill, you would get 4 notes back and 90 cents. if you paid with a $10 note, you would get a 5 dollar note, 4 ones and 90 cents back, etc, etc, etc. the only way you would have more than 4 notes, which is 5 or more is if the teller gave you 5 or more notes instead of a different denomination of notes, which wouldnt be your fault. As well, 1 ten dollar bill and 5-2 dollar bills, that is 6 bills. Does this make your wallet fat? It takes almost 500 dollar notes to make a pound. it takes only 56 dollar coins to make a pound. When considering that 4 dollar bills laid on top of each other are less weight and tickness than 1 single credit card, I hardly believe this is a valid arguement. |
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Moderator
 United States
188440 Posts |
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you failed to mention that if we have an economic collapse, they will still be minting coins. if metal prices rise, then so do cost of aquiring those metals to process. doesn't pass the common sense test. Kinda like buying gold at its peak. Also, if the economy collapsed, dont expect to walk into safeway and expect them to give you melt value for your coins. Still going to be 1 dollar coin to them. Which is you stockpile the coins now. I never said to wait until after the collapse.  |
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Moderator
United States
188440 Posts |
Quote:
More than 4 notes means 5 notes or more. Please explain how you would pay for something and receive 5- 1 dollar notes?. Then please explain how it would be your fault. I don't. I am not the one with twenty one dollar notes in my wallet, you are. Quote:
If you bought a 10 cent candy bar and use a 5 dollar bill, you would get 4 notes back and 90 cents. if you paid with a $10 note, you would get a 5 dollar note, 4 ones and 90 cents back, etc, etc, etc. the only way you would have more than 4 notes, which is 5 or more is if the teller gave you 5 or more notes instead of a different denomination of notes, which wouldnt be your fault. Correct, but if you keep paying with a ten or twenty and never spend the ones accumulating in your wallet, then it is your fault. Again, you are the one with twenty ones, not me! How did you get them? Quote:
When considering that 4 dollar bills laid on top of each other are less weight and tickness than 1 single credit card, I hardly believe this is a valid arguement. Twenty notes is not four. Twenty is fat. |
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Pillar of the Community
United States
3640 Posts |
If the economy collapses then heck,
you could buy the whole Safeway chain for gold or silver.
Your modern FRN will be worthless anyway. Coins always have and always will be worthwhile.
Yup, I agree stockpile what you can.
Peoples brains need to be re oriented. If possible :)
Has anyone seen those videos out there of the guys who go to stores and fast food joints trying out an experiment to see
if an employee would take silver or gold coins in payment for goods. Pretty funny (pathetic really) to see the results.
Sorry to say, but it is mostly the younger folk that have no clue. Most peoples brains only see dollar bills etc.
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Pillar of the Community
United States
3640 Posts |
I have my own solution for "FAT".
I cash in all of my 10's and 20's for 50's and 100's.
Then also do my ones and fives at times for 20's.
My wallet stays thin but full.
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Valued Member
United States
60 Posts |
Quote:
I don't. I am not the one with twenty one dollar notes in my wallet, you are . you didnt answer my question. if you paid for something, how would you end up with more than 5 dollar notes in your pocket and it be your fault? I dont always walk around with 20 dollar notes in my pocket, but sometimes I do. Quote:
Correct, but if you keep paying with a ten or twenty and never spend the ones accumulating in your wallet... again, you are the one with twenty ones, not me! How did you get them? The same way you would aquire 20 dollar coins, through multiple purchases. If I have 5- 20 dollar bills in my wallet and I make 5 purchases at 5 different locations at $17 a piece, I would have after spending my last 20 dollar bill, $15 in ones. Now here comes my point. do you want $15 in dollar coins of $15 in bills? 15 coins is over %25 of a pound that you would carry, or 15 ones which is .03 pounds. I'm sure the strip club dancers would not be comfortable with me throwing coins at them...lol j/k |
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Moderator
United States
188440 Posts |
Quote:
you didnt answer my question. if you paid for something, how would you end up with more than 5 dollar notes in your pocket and it be your fault? I dont always walk around with 20 dollar notes in my pocket, but sometimes I do. I cannot answer the question if I never end up with more that four ones in my wallet! Get it yet? Quote:
The same way you would aquire 20 dollar coins, through multiple purchases. If I have 5- 20 dollar bills in my wallet and I make 5 purchases at 5 different locations at $17 a piece, I would have after spending my last 20 dollar bill, $15 in ones. Obviously you do not get it.  Why not spend those ones as you get them? You should have used two of those ones on the second $17 purchase! Give them a twenty and two ones, get a five back! |
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Valued Member
United States
60 Posts |
Indian1, and when you need to purchase something for 4 dollars and they refuse your 50 or 100, what happens then?
i hardly believe someone would buy a safeway chain with gold or silver if the consumers, the ones who make safeway and like minded business profitable, have their currency collapse. who would buy the product? Its not like everyone is walking around with gold bullion in their pockets. Also, the price of metal is high at the moment. if a breakthrough in renewable energy is acheived, expect spot prices to plummet. Buy low, sell high, not the other way around
Also, I would never stockpile dollar coins as a hedge against inflation or economic collapse. I am young and I stockpile copper pennies. you'll get way more bang for your buck if coins were used to barter.
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Moderator
United States
188440 Posts |
pennymandave, I have been editing your posts to do the quotes correctly. If you are using the Quick Reply box... Type [qu, paste the text you want to quote, then type [/quIf you are using the 'Reply to Topic' link... Paste the text you want to quite, highlight it, then press the 'Insert Quote' button:  So this... [qu ote]Quoted Text[/qu ote] Looks like this... Quote:
Quoted Text |
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Pillar of the Community
United States
3640 Posts |
I do keep a few ones and fives handy.
Anyway, if none I would use a roll or so of COINS :)
Just kidding about safeway. Why would anyone even want to buy
it period. Sometimes you have to go back in history to find
an answer. Gold then silver period (coins/bullion) will be the only real barter items. Metals may be worthwhile but why bother with tonnage of that now when you can convert now to gold etc. It's all a matter of timing. When will the FRN finally collapse and when do I convert my ten tons of copper cents to gold or silver etc. The only dollar coins that I would hoard are silver ones. Well, gold also but really.
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Valued Member
United States
60 Posts |
Quote:
Obviously you do not get it.
Why not spend those ones as you get them? Yous should have used two of those ones on the second $17 purchase! Give them a twenty and two ones, get a five back! Believe me, I do get it, its apparent you do not. Something as insignificant as that, I could basically care less. Also, you are too focused on the second purchase. Yes, you could do that, but what about the 3rd, 4th and 5th purchase? If I have 66 dollars left over from the 2st purchase. 3-20's, 1-5 and 1-1, the third purchase would require a 20 dollar bill.. After making a purchase, you would have $49 left over, with 2-20's 1-5 and 4-ones. if you did the same thing with the 4th purchase as you did with the second purchase, you would have 1-20, 2-5's and 2 ones. Which would mean, the "5th" purchase would require the last 20 dollar bill, leaving you with 2-5's and """"""5"""""" one dollar bill notes. $17 per purchase times 5 purchases is 85 dollars. you'll have 15 dollars left over, Again, 2-5 dollar bills and 5 one dollar bills, which means you did something wrong. Have I ever told you about the guy who killed a spider with a nuke? We call him "overkill" |
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Valued Member
United States
60 Posts |
Thanks Jbuck, I was wondering how they being corrected!
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Valued Member
United States
60 Posts |
indian1, copper is the next silver, trust me. One copper cent cost me 1 cent, but is valued at 2.5 cents, and with that, I also get wheat cents and indian heads included. I just dont see the loic in buying something expensive with the chance the price of it could collapse. maybe if silver was at $10 an ounce, would I buy a couple hundred thousands dollars worth
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Replies: 141 / Views: 11,509 |
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Posted 02/17/2012 2:15 pm
