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I carry around a piece of hard currency (1901 Silver Dollar) to remind me of what real money is like... it's always been worth about 4 retail gallons of gasolin

I carry around a piece of hard currency (1901 Silver Dollar) to remind me of what real money is like... it's always been worth about 4 retail gallons of gasoline. I expect that trend to continue for at least another decade. Soft money, tends towards zero, as you said.

grogenaut 3y ago
How do you get a gas station attendant to give you $16 worth of gas on the spot for a $1 coin. No intermediaries.
- edgarvaldes 3y ago
  I think the comment is about the equivalence, not about being ready to perform the real transaction.
Tade0 3y ago
I keep 200 Swiss Francs in my drawer, because the last time inflation in that country went above 4% was in the 90s and the last time they had war on their soil was in 1847. Over here this should afford you a month's worth of groceries for up to two people if you're careful with your spending.
- 4death4 3y ago
  200 francs isn’t going to buy you shit in any type of inflationary crisis situation.
  - tonyedgecombe 3y ago
    It will buy you nearly a ton of wheat.
- jjgreen 3y ago
  ... and what did that produce? The cuckoo clock
lottin 3y ago
According to the internet this coin is worth between $45 and $2150, depending on the condition, but its weight in silver is only worth $18.40 [1] [1] https://www.ngccoin.com/coin-explorer/united-states/dollars/morgan-dollars-1878-1921/17272/1901-1-ms/?des=ms https://www.ngccoin.com/coin-explorer/united-states/dollars/...
- mikewarot 3y ago
  I don't mess with coin collecting, just the melt value.
whartung 3y ago
I’ve actually been casually looking for a Carson City dollar to carry around, just as a keepsake. Trick is finding one in bad enough shape to lose much of its numismatic value (since my intent is to carry it in a pocket with keys and other horrors) but retain the fact that it is, indeed, a CC dollar.
- ricardobeat 3y ago
  If you’re only interested in the intrinsic value of the metal, why not melt some silver and make your own coin?

grogenaut 3y ago

How do you get a gas station attendant to give you $16 worth of gas on the spot for a $1 coin. No intermediaries.

edgarvaldes 3y ago
I think the comment is about the equivalence, not about being ready to perform the real transaction.

Tade0 3y ago

I keep 200 Swiss Francs in my drawer, because the last time inflation in that country went above 4% was in the 90s and the last time they had war on their soil was in 1847. Over here this should afford you a month's worth of groceries for up to two people if you're careful with your spending.

4death4 3y ago
200 francs isn’t going to buy you shit in any type of inflationary crisis situation.
- tonyedgecombe 3y ago
  It will buy you nearly a ton of wheat.
jjgreen 3y ago
... and what did that produce? The cuckoo clock

lottin 3y ago

According to the internet this coin is worth between $45 and $2150, depending on the condition, but its weight in silver is only worth $18.40 [1] [1] https://www.ngccoin.com/coin-explorer/united-states/dollars/morgan-dollars-1878-1921/17272/1901-1-ms/?des=ms https://www.ngccoin.com/coin-explorer/united-states/dollars/...

mikewarot 3y ago
I don't mess with coin collecting, just the melt value.

whartung 3y ago

I’ve actually been casually looking for a Carson City dollar to carry around, just as a keepsake. Trick is finding one in bad enough shape to lose much of its numismatic value (since my intent is to carry it in a pocket with keys and other horrors) but retain the fact that it is, indeed, a CC dollar.

ricardobeat 3y ago
If you’re only interested in the intrinsic value of the metal, why not melt some silver and make your own coin?