"Real" Money
 

"Real" money, meaning that the value of the coin is in the
metal, is gone now. Was the USA the last country to coin
real money? If not, which country carried on coinage after
LBJ eliminated silver coinage?

BTW, I do not count legal tender coins like the US $50
gold coin, as it is not expected to be circulated as a
Kennedy half dollar was.

GFH

"Real" Money
 

wrote in message
ups.com...
"Real" money, meaning that the value of the coin is in the
metal, is gone now. Was the USA the last country to coin
real money? If not, which country carried on coinage after
LBJ eliminated silver coinage?

BTW, I do not count legal tender coins like the US $50
gold coin, as it is not expected to be circulated as a
Kennedy half dollar was.

GFH


Isn't the value of the current US nickel, and maybe the cent, in the metal
they're made of? Maybe not by intention, but........

Bruce

"Real" Money
 

Canada issued silver coinage for circulation (dimes and quarters) as late as
1968. Mexico has been releasing bimetallic silver centered 100 peso coins to
banks there since 2003- I don't know if they actually circulate. I'd bet
there are probably others out there.



--
Posted via a free Usenet account from http://www.teranews.com

"Real" Money
 

On Jan 26, 9:57 pm, "S. Drummond"
wrote:
Canada issued silver coinage for circulation (dimes and quarters) as late as
1968. Mexico has been releasing bimetallic silver centered 100 peso coins to
banks there since 2003- I don't know if they actually circulate. I'd bet
there are probably others out there.

--
Posted via a free Usenet account fromhttp://www.teranews.com

According to Wikipedia, the 20 and 50 peso coins also have silver

"Real" Money
 

wrote:

If not, which country carried on coinage after
LBJ eliminated silver coinage?

Don't know when that was, but Germany made silver circulation coins
until 1974, Austria until 1973, Netherlands until 1967, Switzerland
until 1969. Whether you call that "real" money ... after all, the value
of these coins was not determined by their metallic composition. All
these countries still issue silver collector coins that can be had at
face value but do not really circulate ...

Christian

"Real" Money
 

"Christian Feldhaus" wrote in message
...
wrote:

If not, which country carried on coinage after
LBJ eliminated silver coinage?

Don't know when that was, but Germany made silver circulation coins
until 1974, Austria until 1973, Netherlands until 1967, Switzerland
until 1969. Whether you call that "real" money ... after all, the value
of these coins was not determined by their metallic composition. All
these countries still issue silver collector coins that can be had at
face value but do not really circulate ...

Christian

Actually Germany and France made circulating commemorative coins much later
than 1974. Germany had 10 mk commems which, while not actively circulating,
could be purchased at banks and spent if you wanted to. I found a Carl
Zeiss 10 MK coin the other day that I asked for in change somewhere in
Bremen when I was there. When I was in Paris back in 2000 it was possible
to find 100 FF coins that were silver and ask for them in change, which I
did, so I have nice Marie Curie and Tour Eiffel coins.

In Netherlands they still release 5 and 10 Euro commems in silver and sell
them at post offices and or banks, my contact there has supplied me with
practically the whole selection of them:)

And so far, for Germany, Christian himself sent me the 10 Euro commem for
Mozart, but so far we are agreeing to pass on this years lousy selection of
commems:(

"Real" Money
 

wrote in message
ups.com...
"Real" money, meaning that the value of the coin is in the
metal, is gone now. Was the USA the last country to coin
real money? If not, which country carried on coinage after
LBJ eliminated silver coinage?

BTW, I do not count legal tender coins like the US $50
gold coin, as it is not expected to be circulated as a
Kennedy half dollar was.

GFH


I would not be surprised if the USA was the last country to coin "real"
money as they have the most backward coin and papermoney on the planet.

Why do they still have the one cent coin and $1 note as both are an enormous
waste of taxpayers money and creates a lot of sorting and transportation
expense.

Why are all the notes the one colour and size regardless of denomination as
this must make the sorting of notes difficult.

Why do the notes have little in the way of security features which makes
forgery easier.

As the congresscritters for the answer. Billy

"Real" Money
 

"note.boy" wrote in message
...

wrote in message
ups.com...
"Real" money, meaning that the value of the coin is in the
metal, is gone now. Was the USA the last country to coin
real money? If not, which country carried on coinage after
LBJ eliminated silver coinage?

BTW, I do not count legal tender coins like the US $50
gold coin, as it is not expected to be circulated as a
Kennedy half dollar was.

GFH


I would not be surprised if the USA was the last country to coin "real"
money as they have the most backward coin and papermoney on the planet.

So, you've rigorously examined the coin and papermoney of all nations on the
planet and come to this conclusion, eh?

Mr. Jaggers

"Real" Money
 

"Mr. Jaggers" lugburzman[at]yahoo[dot]com wrote in message
...

"note.boy" wrote in message
...

wrote in message
ups.com...
"Real" money, meaning that the value of the coin is in the
metal, is gone now. Was the USA the last country to coin
real money? If not, which country carried on coinage after
LBJ eliminated silver coinage?

BTW, I do not count legal tender coins like the US $50
gold coin, as it is not expected to be circulated as a
Kennedy half dollar was.

GFH


I would not be surprised if the USA was the last country to coin "real"
money as they have the most backward coin and papermoney on the planet.

So, you've rigorously examined the coin and papermoney of all nations on
the planet and come to this conclusion, eh?

Mr. Jaggers


Prove me wrong by naming a non third world country that has a more backward
coin and papermoney set up.

Who else has ridiculously low face value coins and papermoney in circulation
similar to the one cent coin and the one dollar note?

The UK got rid of the 1/2p coin (roughly equal to the one cent coin) in 1984
and last issued the ten bob note (roughly equal to the one dollar note) in
1967.

The USA is 23 and 40 years behind the UK.

The attractiveness of current USA papermoney from a collecting point of view
is a million miles behind Scottish notes. We have very attractive issues in
a variety of designs/colours and sizes from three different banks that
change fairly regularly. Billy

"Real" Money
 

Methinks these are all good questions. The answer, I believe, is a fairly
simple one.
I think that our leadership believes that our currency has been stable for
so long that
it represents the symbol of trustworthiness worldwide, and that any attempt
to alter
that symbolic imagery would be harmful to the fiscal reputation of the US.
I would tend to agree
if it weren't for the present leadership's cavalier attitude toward the rest
of the world
today about things that really matter. :-(
Aram.
=======================
"Mr. Jaggers" lugburzman[at]yahoo[dot]com wrote in message
...

"note.boy" wrote in message
...

wrote in message
ups.com...
"Real" money, meaning that the value of the coin is in the
metal, is gone now. Was the USA the last country to coin
real money? If not, which country carried on coinage after
LBJ eliminated silver coinage?

BTW, I do not count legal tender coins like the US $50
gold coin, as it is not expected to be circulated as a
Kennedy half dollar was.

GFH


I would not be surprised if the USA was the last country to coin "real"
money as they have the most backward coin and papermoney on the planet.

So, you've rigorously examined the coin and papermoney of all nations on
the
planet and come to this conclusion, eh?

Mr. Jaggers