Souvenir coins

[Davethepitch]

http://www.alibaba.com/product-detail/Replica-Coins_131509244.html?spm=a2700.7724838.0.0.3z5G4k

Edited June 18, 2016 by Davethepitch

[Sword]

Why is this tolerated by the various governments around the world? If this is not stopped, they will soon by selling "souvenir" £20 notes, $100 bills and so on. 

[Davethepitch]

I read this site http://ukfakeanderrorcoins.50webs.com/

[Rob]

2 hours ago, Sword said:

Why is this tolerated by the various governments around the world? If this is not stopped, they will soon by selling "souvenir" £20 notes, $100 bills and so on. 

If we hadn't lost the ability to understand the value of money then coins and notes would have meaningful value, but we lost that once we embarked on a system of credit whereby we created money that wasn't backed by a physical asset.

A consequence of this inflated money supply is, or should be that all governments recognise their physical money is essentially worthless or at best an unquantifiable decreasing %age of the total 'value' of the economy. It doesn't really matter whether the issue is coins or notes, all are comprehensively dwarfed by credit which is illusory money but the basis on which most wealth is measured, and something that can be generated at will. That's why so much effort is put into finding secure assets as a means of protecting wealth. You don't want cash however, this being a sub-section of the total wealth as measured in the same units, but which has no means of appreciating to be a fixed %age of the total wealth. Non cash assets can always be divided up according to the agreed total wealth of the nations. That is why asset values have outstripped the official rate of inflation. QE money had to go somewhere.