It stays. Coinage will not have disappeared of the face of the Earth. It just means there will be an ultimate goal...to have all the coins there ever were!
I personally think that when cash is officially stopped people will use token currencies based on the value of the coins so that they can continue paying cash in order to evade tax or pay for goods and services within the community they live in. Also If there was no cash people would need to find other ways to pay for illegal goods or services they would rather keep secret.
I've only just started using cash recently to get the olympic 50's but I use my card 96% of the time anyway so it won't really affect me all I will do is get the last ever minted commonwealth coins and continue to collect the empire coinage !
Quote: CeruleanThe cashless society will get here when the paperless office does.
We already have the paperless office, but there is so much that there has to be by law a paper hard copy of that. We will never say goodbye to paperwork until the laws are changed.
I also collect 78rpm records, which were discontinued around 1960. My father collects antique telephones. I can attest to the fact that just because something is no longer made or used has no bearing on its collectibility. If cash disappears, there will still be people who collect it because it is old and obsolete.
A collector's market is already forming for AOL CDs.
Quote: CeruleanI also collect 78rpm records, which were discontinued around 1960. My father collects antique telephones. I can attest to the fact that just because something is no longer made or used has no bearing on its collectibility. If cash disappears, there will still be people who collect it because it is old and obsolete.
A collector's market is already forming for AOL CDs.
If people only collect what is current then why do people collect coins like the ancient Roman coins that have been out of circulation for over 1000 years. Coin collection won't stop just because no more coins are being produced. There will just be a finite amount of coins available to collect.
Quote: neilithicIf people only collect what is current then why do people collect coins like the ancient Roman coins that have been out of circulation for over 1000 years. Coin collection won't stop just because no more coins are being produced. There will just be a finite amount of coins available to collect.
Here in 2023, I can assure coins are not extinct yet, but they are starting to go out of use. Some European countries are going cashless like Sweden and Norway. Also we had something called Covid 19, a flu made in a Lab in China which laid the world up for most of 2020 and 2021 and that made life hard for cash.
Also computers have evolved to the point of apple pay and people accessing ebanking by using their mobile phones.
But money still rules in the Lesser developed countries and it has its supporters. NCLT tatt still abounds too. Gold and silver are very expensive and coin collecting endures.
PS Americans in 2012, do not vote in Donald Trump in 2016 - you will regret it.
I love coins. Especially silver, gold and anything really old.
Member of the Royal Numismatic Society of New Zealand and the Auckland Numismatic Society
