Question by Silver17: If the US enters hyperinflation, can silver coins be used as money?
I have silver coins such as the American Eagle, Buffalo, and Canadian Maples. The us constitution has the coinage act, which states that copper and silver coins are considered as money to pay off debt. Does anyone know if silver coins are circulated us coins can be used to purchase goods during hyperinflation? Thank You for your answers!

Best answer:

Answer by Spotty J
First of all, nothing in the constitution forces anyone to accept anything specific in payment of debts -- that's between you and whoever you owe money to. The only thing the government forces people to do with respect to money is to pay taxes to the government with U.S. dollars, and accept payment from the government in US dollars. Everything else is a private affair. We standardize on the currency that the government collects and spends because it would be pointless and inefficient to do anything else.

In the case of hyperinflation, we'd still all be using the usual currency, it would just take more of it to buy stuff. No, people are not going to start spending collectible silver coins as cash. Actually, people would hoard such things in a high-inflation scenario, not spend them as they would be a way to retain value. Canadian coins are not and will not be legal tender in the U.S. in any circumstance -- though again, "legal tender" refers to what the government collects and spends -- any private business is free to accept anything you have to offer including your dirty laundry, if they are willing to accept it as payment.

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Originally posted 2010-11-07 07:57:46. Republished by Blog Post Promoter

Question by Dene V: Is it true that the 1943 wheat penny (silver) is rare and/ or possibly worth money?
I found a (silver) 1943 wheat penny,and I was told it was very rare and may be worth money.I was also told it was made of silver during the war because there was a shortage of copper.I was also wondering were i might be able to find more info.

Best answer:

Answer by tacos
I don't think it is silver
yes it is rare, but not that rare. you can find them at any coin shop

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Originally posted 2010-09-04 18:53:55. Republished by Blog Post Promoter

Question by Bob: Old money question...?
I have some old'ish money, was wondering if there's any value to it. All are basic, circulated pieces. Thanks! Here's the list.

Wheat Cents (copper)
1911 (no mint mark)
1914 (no mint mark)
1927 (no mint mark)
1931 (no mint mark)
1941 (no mint mark)
1944 (no mint mark)
1945D
1946 (no mint mark)
1948 (no mint mark)
1951D
1951D
1952D
1953D
1953D
1953D
1953D
1956D
1957D
1957D
1957D

Nickels
1939 (no mint mark)
1947 (no mint mark)
1947 (no mint mark)
1951 (no mint mark)
1954 (no mint mark)
1954 (no mint mark)
1956 (no mint mark)
1957 (no mint mark)
1958 (no mint mark)
1959 (no mint mark)
1960 (no mint mark)
1963 (no mint mark)
1963 (no mint mark)
1963 (no mint mark)
1963 (no mint mark)
1964 (no mint mark)
1964 (no mint mark)

Canadian
1944 Cent
Centennial cent (Elizabeth II on front, bird on back)
1980 cent
1985 cent
1965 cent
1940 cent
1987 dollar coin

Other
1968 Panama nickel
1981 Mexico 10 peso coin

Paper
1950A
1935H Silver Certificate

Best answer:

Answer by Taiping
The 1911 and 1914 cents maybe worth .25-.50 depending on grade. All the other coins are common and most can still be found in circulation. The world coins are too new to be collectibles and have extra value. The 1981 10 peso is no longer legal tender. The 1950A note sells for around in grade fine. The series 1935H silver certificate sells for in grade very fine. The dates on cotes are not the date it was printed but the date authorized and a letter after the date means that there was a signature change. The 1935H notes were printed up to the early 1950's. Sorry but the coins you have are not rare or scarce and are worth little as collectibles.

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Originally posted 2010-08-27 10:43:21. Republished by Blog Post Promoter