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Wednesday, February 23, 2011
What happens to Coins during a Hyperinflation ?
Imagine a scenario where the USA experiences hyperinflation such as occurred in 1923 Germany, 1946 Hungry, 1980's Argentina, or current Zimbabwe. What would happen to the US pennies, nickels, dimes, quarters, half-dollars and dollar coins? Would their value fall as fast as paper and electronic money? Or would the coins begin to take on a greater value and start to vanish from circulation as "bad money forces out good"?
My hypothesis is that that US coins, and especially pennies and nickels, would retain most of their current value, despite a hyperinflation on the US dollar.http://www.shopnumis.com/now
My hypothesis is that that US coins, and especially pennies and nickels, would retain most of their current value, despite a hyperinflation on the US dollar.http://www.shopnumis.com/now
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