Post
Topic
Board Economics
Re: Martin Armstrong Discussion
by
r0ach
on 24/12/2016, 20:33:59 UTC
You obviously forget about trivial wear and tear that gold and silver coins are susceptible to.

This is mostly just an appearance thing unless people are clipping the coins, in which case vendors would probably either reject them or turn you in to local lawmen who had punishments for doing things like this like death (lol).  The US government also used to offer a service to turn your bullion into govt coins for free I think.  It's overall not a big deal since the things are still recognizable a thousand years later.  They don't actually require overhead to "exist".