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All Forums Category: Canadian Coins and Currency Forums Forum: Canadian Commemoratives and Non-Circulating Coinage (NCLT)

NCLT - Collectibles Surviving Beyond The Upcoming Cashless Society?

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Author	Replies: 65 / Views: 8,914	Page: of 5

MoneyPenney Pillar of the Community Canada 2898 Posts	Posted 07/19/2019 3:35 pm 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. Report this Post to the Staff
canadian_coins Pillar of the Community United States 2374 Posts	Posted 03/20/2020 8:47 pm Who would have thought that businesses are now enforcing cashless pay in attempt to limit exchange of the COVID-19 virus. Report this Post to the Staff
MrCanada Pillar of the Community Canada 650 Posts	Posted 07/07/2020 9:01 pm Slippery slope currently with covid if the health guess push it it's gone heard rumblin today. Report this Post to the Staff
canadian_coins Pillar of the Community United States 2374 Posts	Posted 06/09/2022 01:34 am 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. Report this Post to the Staff
sel_69l Bedrock of the Community Australia 19834 Posts	Posted 06/09/2022 03:15 am 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 Report this Post to the Staff
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All Forums Category: Canadian Coins and Currency Forums Forum: Canadian Commemoratives and Non-Circulating Coinage (NCLT)

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