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NCLT - Collectibles Surviving Beyond The Upcoming Cashless Society?

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Pillar of the Community
Canada
2910 Posts
 Posted 07/19/2019  3:35 pm  Show Profile   Bookmark this reply Add MoneyPenney to your friends list Get a Link to this Reply
A lot of ethnic stores and restaurants accept only cash. They don't want to pay the credit card fees which could be up to 3%. Plus it is easier to fudge the books by dealing with cash only.
Pillar of the Community
United States
2377 Posts
 Posted 03/20/2020  8:47 pm  Show Profile   Check canadian_coins's eBay Listings Bookmark this reply Add canadian_coins to your friends list Get a Link to this Reply
Who would have thought that businesses are now enforcing cashless pay in attempt to limit exchange of the COVID-19 virus.


Pillar of the Community
Canada
650 Posts
 Posted 07/07/2020  9:01 pm  Show Profile   Bookmark this reply Add MrCanada to your friends list Get a Link to this Reply
Slippery slope currently with covid if the health guess push it it's gone heard rumblin today.
Pillar of the Community
United States
2377 Posts
 Posted 06/09/2022  01:34 am  Show Profile   Check canadian_coins's eBay Listings Bookmark this reply Add canadian_coins to your friends list Get a Link to this Reply
Went to deposit rolls of coins at our local credit union today with my daughter and we found out they don't take coins anymore. We were instructed to use the "automated machine" and pay a 10% fee (5% if you have an account). Maybe this is normal now, but for me this came to a shock. I remember spending hours going through rolls for coin hunting when I was a kid...

Sad.
Bedrock of the Community
Australia
20069 Posts
 Posted 06/09/2022  03:15 am  Show Profile   Bookmark this reply Add sel_69l to your friends list Get a Link to this Reply
NCLT is related in face value to the currency that is in circulation.
If we enter into a cashless society, there will no longer be a need to issue NCLT that is related to cash (either coins or notes).
Thus NCLT will only be needed for the bullion stashers and all NCLT and bullion coins will be traded for their metal value only.

I don't really see a a long term future for NCLT, trading at well above bullion value, as it does now.
NCLT will fade out slowly just as stamp collecting seems to be doing.
Edited by sel_69l
06/09/2022 07:44 am
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