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 Replies: 9 / Views: 2,566 |
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Pillar of the Community
United States
4867 Posts |
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Pillar of the Community
 Canada
1775 Posts |
I hope not. The rest might follow. No coins! OH NO!
"We are poor little lambs...who have lost our way...Baa...Baa...Baa"
In memory of those members who left us too soon...
In memory of Tootallious March 31, 1964 - April 15, 2020
In memory of crazyb0 July 27 2020. RIP.
In memory of T-BOP Oct. 12, 1949 - Jan. 19, 2024
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Pillar of the Community
Canada
9862 Posts |
Equally likely Desjardins will be gone in five years if they manage your investments using the same crystal ball methods.
"Dipping" is not considered cleaning...
-from PCGS website
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Pillar of the Community
United States
997 Posts |
Instead of bringing in a 20 cent piece just eliminate the nickel and quarter and go with 10, 50 cent, $1 and $2 coins. Simplify life for the short time coins are still relevant.
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Pillar of the Community
 United States
4867 Posts |
In actuality I fear a cashless society. There would be NO privacy. And what if a stores credit card machine is down? What then?
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Pillar of the Community
Canada
1775 Posts |
"We are poor little lambs...who have lost our way...Baa...Baa...Baa"
In memory of those members who left us too soon...
In memory of Tootallious March 31, 1964 - April 15, 2020
In memory of crazyb0 July 27 2020. RIP.
In memory of T-BOP Oct. 12, 1949 - Jan. 19, 2024
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Bedrock of the Community
United States
10284 Posts |
On one hand, I'll be happy about it as I have chased down 6 different Canadian 5 cent coins in 2017 alone to continue my set.
Costing me between $50 and $100 bucks ( without checking what I paid, I'm sure )
I predict they will stop in 2022 for the 100th year anniversary. Fine with me.
On the other hand,
My concern of a cashless society regarding coin collecting is that the bottom will drop out for collections on the ka-trillions of common coins out there. Unless governments demand they be turned in and are that all are melted for the content, there will be more than enough for coin collectors of every kind available.
A cashless society will kill coin collecting as a hobby.
Only rare coins and the highest grades of coins with intrinsic value will have value. And of course, it will only have an electronic credit value at that.
So the downside ...
Only the doomsday scenario might make that silver and gold some form of barter, but it would take more time than we have, living in those horrific times to re-establish itself as something as value.
The technology of electronic money is pretty much an extremely fragile means of exchange.
All it takes is some hacking and poof ... we're all poor and there is no society, let alone coin collecting.
I don't think that MS68 1925 Canadian nickel will buy a loaf of bread.
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Pillar of the Community
Canada
1618 Posts |
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Pillar of the Community
710 Posts |
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Valued Member
Canada
115 Posts |
To be honest I extremely dislike the idea of going cashless. I admit that I am a traditionalist conservative, but I feel that going cashless will destroy our numismatic population in Canada and it would cause a massive uproar from the citizens. In my opinion, I think that rather than going cashless, Canada should do the opposite and slow down inflation to a minuscule percentage. That way, our current denominations of coins and banknotes will remain alive for many years to come. As for loonies and toonies, I really hate the current plated steel composition, as when they get circulated for a few years their color changes to disgusting shades of greenish-black, unlike the old composition of aluminum bronze and nickel, which keeps it original golden color even after years of circulation.
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Replies: 9 / Views: 2,566 |
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Posted 11/20/2017 10:13 pm
