"Real" Money

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

By whose standards (besides yours) is our monetary system "backward"?


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

The dollar bill has a ridiculously low face value? Regardless, if any other
countries use low value coins it's because they want to. Better not go
there if it bugs you.


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.

So what? They did so because they wanted to. I believe the UK still has
50p coins, two of which equate to a one pound coin. Why mint both? People
like to use them, I guess. Same here.


The USA is 23 and 40 years behind the UK.

Wow! Did you get this from a US or a UK economist?


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

Personally, I kind of like having all my bills the same size so none get
lost in between the others and I don't have to keep them arranged by size in
my wallet. Never in 60 years have I confused one denomination with another.
I think our bills look just fine, too, pretty much the way our money has
looked for well over half a century. Gives consumers confidence and
comfort. Frequent currency design changes can create confusion.

Any time I can buy $1.00 worth of goods with $1.00 worth of the coins in my
pocket, that's "real money" to me. I couldn't care less what the coins are
made of.

Bruce

Bruce