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Regarding the adjustment of currency in Venezuela, SB had some stories previously about how that might happen in the US and it’s expected effects. That included the advice to save nickels due to their metal content. Perhaps someone could do an article for SB about Venezuela ‘ s experience on this and the expected effects?
I have been to third world country where the economy collapsed, the paper money was worthless an acquaintance gave me 3 one million dollar bills.
Question; when our paper money is worthless will coins be of value? I am asking about new coins not the old 90%coins.
Of the currently-issued coins only the Nickel (5 cent piece) has a base metals value that it close to its face value. All of the rest are just tokens. For some details, see: http://www.coinflation.com.
Also see: https://survivalblog.com/nickels/