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$20 face silver coin for circulation

ChrisRxChrisRx Posts: 5,619 ✭✭✭✭
in U.S. Coin Forum
That would be so awesome!
image

Comments

  • 123cents123cents Posts: 7,178 ✭✭✭
    If prices keep going up it will be a 1 oz. coin.image
    image
  • ChrisRxChrisRx Posts: 5,619 ✭✭✭✭


    << <i>If prices keep going up it will be a 1 oz. coin.image >>



    Well thats kinda what I meant. Have it a 1 oz $20 coin even if silver is at $14/oz
    image
  • GoldenEyeNumismaticsGoldenEyeNumismatics Posts: 13,187 ✭✭✭


    << <i>

    << <i>If prices keep going up it will be a 1 oz. coin.image >>



    Well thats kinda what I meant. Have it a 1 oz $20 coin even if silver is at $14/oz >>



    Similar to the Liberty Dollar $20 silver piece?

    That would be cool.
  • tightbudgettightbudget Posts: 7,299 ✭✭✭
    That wouldn't be a bad idea. We'd just have to outlaw the melting of them because if the price of silver were to exceed the face value of the coin, I'm pretty sure they would be melted in a frenzy. (I know I would)
  • direwolf1972direwolf1972 Posts: 2,076 ✭✭✭
    I forsee two words coming shortly into this thread. A hint is already here. I'll give you one of the two words. Ron.
    I'll see your bunny with a pancake on his head and raise you a Siamese cat with a miniature pumpkin on his head.

    You wouldn't believe how long it took to get him to sit still for this.


  • DeadhorseDeadhorse Posts: 3,720 ✭
    By the time Congress got around to approving such a coin, silver would be above $20. We'll be there in a year the way our economy and the dollar are being crushed.

    Just think if back in 1986 they had put a $100 face value on the quarter ounce Gold Eagles?

    I believe the time of precious metals being used for circulating coins as currency has long passed.
    "Lenin is certainly right. There is no subtler or more severe means of overturning the existing basis of society(destroy capitalism) than to debauch the currency. The process engages all the hidden forces of economic law on the side of destruction, and it does it in a manner which not one man in a million is able to diagnose."
    John Marnard Keynes, The Economic Consequences of the Peace, 1920, page 235ff
  • PerryHallPerryHall Posts: 46,436 ✭✭✭✭✭
    Not going to happen. It's cheaper for the government to print $20 bills.

    Worry is the interest you pay on a debt you may not owe.
    "Paper money eventually returns to its intrinsic value---zero."----Voltaire
    "Everything you say should be true, but not everything true should be said."----Voltaire

  • MoneyLAMoneyLA Posts: 1,825 ✭
    casinos used to have $10 silver coins (silver strikes) and $25 silver coins, also strikes, but the rising price of silver made these obsolete.

    while they were not used for betting, (they were collectibles and souvenirs), the point is the same...

    not enough of a premium between the face value and the cost of the silver and cost of minting to continue them.
    Cheers, Alan Mendelson
    www.AlanBestBuys.com
    www.VegasBestBuys.com

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