Coins Hoarded

Coins Hoarded
Cashing in your pennies? Would this have a positive or negative effect on a countries economy?

Cashing in your pennies?

Everyone has a jar of Pennies… a few coins down the back of the sofa… a hoard of coins in the glove compartment of there car to pay parking etc….

But what would happen if everyone in a country simutatiously (on the same day) cashed every single piece of coin currency into a bank?

Do you think it would it have a Positive or Negative effect on the economy of that country?

Please explain the reasoning for your answer.

Slightly positive as it means banks would have more capital and can issue more loans to spur more economic activity.

But really just a drop in the bucket.

Silver Bullion Shortage? 1 Ounce Rounds in Short Supply Locally!


The present state of England, as to coin and publick charges. In three parts. Treating of the necessity of more money before taxes can be effectual, or trade revived, and of ways and means to procure it: as calling in all the plate on ready money; restoring credit; bringing out hoarded money; rectifying the balance of trade; raising the value of money, against which the opposite prejudices, as injurious to king, Parliament and people, with Mr. Lock's chief positions, are refuted by demonstrable

The present state of England, as to coin and publick charges. In three parts. Treating of the necessity of more money before taxes can be effectual, or trade revived, and of ways and means to procure it: as calling in all the plate on ready money; restoring credit; bringing out hoarded money; rectifying the balance of trade; raising the value of money, against which the opposite prejudices, as injurious to king, Parliament and people, with Mr. Lock’s chief positions, are refuted by demonstrable



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November 17th, 2007 in Uncategorized | tags: , , , , ,