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 Replies: 41 / Views: 5,039 |
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Valued Member
United States
477 Posts |
and we adopt a new currency will you start collecting it? I think I will. I wish I could of started collecting currency back when the first united states currency was made. When we adopt a new currency I'll be sure to collect one of every denomination. I think this is a good idea what about you?
*** Moved by Staff to a more appropriate forum. ***
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Moderator
 Australia
16826 Posts |
Assuming that any such collapse is sufficiently orderly that a new currency is indeed introduced and coins and banknotes are produced for it, then yes. Currency changes are a major collecting theme of my foreign coin collection.
Of course, the dollar doesn't have to "collapse" for it to be replaced; it could slowly become more and more worthless over time until replacing it becomes a matter of convenience. Or America could join a currency union, or split into a dozen different feuding principalities each with their own currencies. We don't know what the future holds, but one thing is certain: no currency unit lasts forever, and the US dollar is not some kind of magical exception to this.
Personally, I think the dollar will become a purely electronic (cashless) currency before it collapses or is otherwise replaced. In which case, there won't be any coins or banknotes of the new currency to collect.
Don't say "infinitely" when you mean "very"; otherwise, you'll have no word left when you want to talk about something really infinite. - C. S. Lewis
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Pillar of the Community
United States
8516 Posts |
You could invest in tin foil.
Oregon coin geek.....*** GO BEAVS ! ! ! ***
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Bedrock of the Community
Australia
21786 Posts |
Other currencies are "collapsing" at the same time so that the exchange rate between them remain relatively stable.
You get "collapse" when you have high inflation rates.
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Valued Member
Australia
218 Posts |
Quote:
Personally, I think the dollar will become a purely electronic (cashless) currency before it collapses or is otherwise replaced. In which case, there won't be any coins or banknotes of the new currency to collect. That's very scary... |
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Pillar of the Community
United States
4333 Posts |
The dollar will never lose it's position as the worlds reserve currency.
When I listen to LED ZEPPELIN...so do my neighbors...
Roll hunting since '77
Dirt fishing since '72
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Valued Member
 United States
477 Posts |
i thought it already was
china and russia are trading in their own currencies along with some midleeastern ones and are no longer using the dollar
or so I heard
well the Euro is "collapsing"
people blame the fact that people tried to use one currency for multiple nations with different taxes, different laws etc
this reminds me of the united states dollar, instead of multiple nations we have multiple states with different laws, tax rates, different purchasing power in different states etc.
makes me wounder...
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Bedrock of the Community
United States
36744 Posts |
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The dollar will never lose it's position as the worlds reserve currency. The International Monetary Fund is working on doing just that. They want to replace the dollar as the world's reserve currency and replace it with SDR's. We are headed for the one world government. http://www.imf.org/external/np/exr/facts/sdr.htm |
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Pillar of the Community
United Kingdom
2624 Posts |
What do you base the idea that "The dollar will never lose it's position as the worlds reserve currency."
Given the massive debt to China who is set to overtake the US in income per capita within the next 20 years and the quantative easing that in essence degrades that debt I wouldn't say that your statement is set in stone.
I personally could see a North American united currency )(given that all the players behind the scenes seem to be pushing us constantly towards globalisation)long before completely cashless society (because unless it is a facist regime it will be resisted as a complete abuse of civil liberty)
Anyway back to the question...I live in the UK which didn't join the Euro but when there was a switchover I got the last proof sets of every currency and then a full set of uncirculated Euros from each currency.
Since then I didnt collect any Euro's as their mintages are massive and I don't find them particularly interesting.
When there is a switch I think everyone collects what they can, then for the first few years there are not enough dates or variations so people lose interest for a bit until it creeps back. (I make that statement based on myself)
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Bedrock of the Community
Australia
21786 Posts |
I really don't think a single World currency will work.
The Latin Monetry Union failed.
The current single European currency unit (Euro) is in trouble. What would happen it the major economies within the Euro got into serious trouble, with Official unemployment over 20%? There would be no bailouts for Germany, for instance.
I simply can't imagine a World currency that includes the ecomonies of Africa and South America being viable. There would be nowhere enough fiscal discipline to make it work.
Interstingly, during the Great depression, the inflation rate of most of the World's major currencies was low. Social distress and unrest was much more of a problem.
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New Member
United States
11 Posts |
 "The dollar will never loose its position as the world's reserve currency" That's awesome. A fiat currency will last to infinity guys and gals! Take heed! History will be defied and the currency that has been on top for a mere moment on the timeline of mankind shall endure without end...forever! Im out guys, going to go buy some worthless imported crap I don't even need to replace the crap I already have that still works and I don't even use anyhow! WOOT! Consumption without end! Wait you have to be a facetious troll dern it! forget that rant  If the new currency has significant intrinsic value count me in BTW. |
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Valued Member
United States
344 Posts |
Quote:Quote:
Personally, I think the dollar will become a purely electronic (cashless) currency before it collapses or is otherwise replaced. In which case, there won't be any coins or banknotes of the new currency to collect.
That's very scary... Actually wouldn't that make our collection even more valuable? Even all those 1964 nickels I have. |
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Valued Member
Australia
218 Posts |
cashless currency...yeah imagine yr kids telling their kids how our great grand parents and ancestors used notes and coins.. kids giggle and laugh at the idea.lol
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Pillar of the Community
United States
1348 Posts |
the USD will for certain not go down. Also if that does happen I don;t think collecting will be on anyone's mind
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Bedrock of the Community
13014 Posts |
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Also if that does happen I don;t think collecting will be on anyone's mind Collecting ammo will be |
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Bedrock of the Community
Australia
21786 Posts |
Sooner or later, the ammo will run out, if the guys who make the stuff are blown up.
Will the remnant STILL try to kill each other by other means? Or will they they say 'We are tired of all this killing, lets try to work together'. That's how wars eventually stop.
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Replies: 41 / Views: 5,039 |
Posted 07/20/2012 09:26 am
