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The U.S. Mint apparently is producing a brass/manganese- clad copper $1 coin called the "American Innovation dollars".[1] You could try that. [1] https://en.m
by unyttigfjelltol 5y ago
The U.S. Mint apparently is producing a brass/manganese- clad copper $1 coin called the "American Innovation dollars".[1]
You could try that.
[1] https://en.m.wikipedia.org/wiki/American_Innovation_dollars https://en.m.wikipedia.org/wiki/American_Innovation_dollars
- h2odragon 5y agoDunno, I hear they're planning a big dilution soon. https://www.axios.com/trillion-dollar-platinum-coin-mint-janet-yellen-223e7722-d7ba-47c9-b5f6-49a841d181de.html https://www.axios.com/trillion-dollar-platinum-coin-mint-jan...
- arcticbull 5y agoIncrease in supply is not inflation. It’s quite unlikely to cause any actual measurable dilution. But let’s pretend for a second. Given that all major stable coins are pegged to or benchmarked against the dollar, any inflation in the dollar would carry over into stable coins 1:1 so the remark would be a nonsequitur.
- deleted 5y ago[deleted]
- unyttigfjelltol 5y agoThe way it's supposed to work is you then fall back on the intrinsic value of the copper. That's the 'coin' part of what the 'Mint' does.
- csense 5y agoNah, as soon as inflation makes it profitable to melt coins, they make melting coins illegal. https://en.wikipedia.org/wiki/Penny_(United_States_coin)#Numismatics_and_regulations https://en.wikipedia.org/wiki/Penny_(United_States_coin)#Num...
- recursive 5y agoAnd where do I get a coin made of copper?
- quantified 5y agoOlder US pennies (pre-1982) have copper worth much more than 1 cent now, newer ones are basically zinc. On the flip side, a US mint $50 piece is actually well over $2000 of gold [https://catalog.usmint.gov/american-eagle-2021-one-ounce-gold-uncirculated-coin-21EHN.html https://catalog.usmint.gov/american-eagle-2021-one-ounce-gol...] The imprimature of the US mint is what makes these coins now.