Letter Re: Stockpiling Coins for Future Currency Exchanges
Jim: We’ve previously discussed in SurvivalBlog that coins are usually untouched by a nation during remonetization, meaning a significant recovery in purchase value after such event. What is the likelihood the US would keep the dollar coins in circulation, given their low regard by most consumers? This would mean the coins would avoid remonetization, be worth a “new” dollar each, offering a significant advantage. The Fed’s only real options would seem to be to attempt to collect them all, or issue notices of their reduction in value/expiration as legal tender. Neither sounds like something they’d want to do. – Michael …