FIVE DOLLARS VERSUS FIVE DOLLARS - WHAT WOULD YOU CHOOSE?
What would you choose from the various "Five Dollars" that I have been posting.
(Disclaimer: This is NOT a contest or a prize. I post many giveaways but this is not a giveaway.)
FIVE DOLLARS VERSUS FIVE DOLLARS - WHAT WOULD YOU CHOOSE?
$5 or $5 or $5 or $5 or $5
FIVE DOLLARS VERSUS FIVE DOLLARS - WHAT WOULD YOU CHOOSE?
The recent posts have shown Five Dollar Bills and Five Dollars in Silver Coins:
- Five Dollar United States Note
- Five Dollar Silver Certificate
- Five Silver Morgan Dollars
- Five Silver Peace Dollars
- Five Dollars by Ten Silver Half Dollars
Would you choose one of the above, or just some current forms:
- Five Dollar Federal Reserve Note
- Five Dollars by Ten Half Dollars (Clad)
- Five Dollars by Twenty Quarter Dollars (Clad)
- Five Dollars by Fifty Dimes (Clad)
- Five Dollars by 100 Nickels
- Five Dollars by 500 Pennies (Copper mostly)
- Five Dollars by 500 Pennies (Zinc mostly)
What would you choose from the various "Five Dollars" that I have been posting?
SCENARIO 1964 - YOU ARE BACK IN 1964 - WHAT DO YOU CHOOSE?
Consider that you have to go to the bank and to the grocery store. You want to trade some money at the bank. You need to buy $5 worth of groceries. You have:
- 1 - Five Dollar United States Note
- 1 - Five Dollar Silver Certificate
- 5 - Silver Peace Dollars
- 5 - Silver Morgan Dollars
- 10- Silver Half Dollars
- 20- Silver Quarter Dollars
- 50- Silver Dimes
- 100-Nickels
- 500-Pennies
WHAT DO YOU DO AT THE BANK? DO YOU TRADE ANY MONEY?
Do you keep all the money that you have? Do you trade-in / redeem any money?
Do you exchange any money for some other form of money?
WHAT DO YOU DO AT THE GROCERY STORE? WHICH MONEY DO YOU SPEND?
After the bank, what money do you have? Which money do you spend on the $5 of groceries.
SCENARIO 2018 - YOU ARE BACK TO TODAY - WHAT DO YOU CHOOSE?
Consider that you have to go to the bank and to the grocery store. You can trade some money at the bank and you can trade at a crypto exchange. You need to buy $50 worth of groceries.
You have:
- 1 - $50 Federal Reserve Note
- 5 - $10 Federal Reserve Note
- 10- $5 Federal Reserve Note
- $50 worth of Bitcoin
- $50 worth of STEEM
- $50 worth of STEEM DOLLARS
- $50 worth of ( ... Your Favorite Crypto ...)
- $50 worth of Gold
- $50 worth of Silver
WHAT DO YOU DO AT THE BANK? ... THE CRYPTO EXCHANGE? DO YOU TRADE ANY MONEY?
Do you keep all the money that you have? Do you trade-in / exchange any money?
Do you exchange any money for some other form of money?
WHAT DO YOU DO AT THE GROCERY STORE? WHICH MONEY DO YOU SPEND?
After the bank and crypto exchange, what money do you have? Which money do you spend on the $50 of groceries.
REASON - WHAT'S THE POINT OF ALL THIS?
The reason I have created all these posts and scenarios is because I'm looking to the past to help predict the future. In the 1960's, we dropped silver from our money. We had lots of silver based currencies and coins.
Today, there are many, many people questioning the "Central Banks" around the world, starting with the Federal Reserve Bank.
Today, we have alternative forms of money in use, including fiat currencies and cryptocurrencies.
Today, we have countries, governments and banks acquiring Gold, Silver, Property and various forms of wealth.
Today, the stock markets are blowing up.
With all these options, where are we suppose to put our money?
... Bank? ... Gold? ... Silver? ... Stocks? ... Cryptos?
THANKS
Thank you to those who will read this post and reply. These various previous posts have been somewhat repetitive, but I was trying to get all the information out there to get to the point that things changed and they seem to be changing again.
Here are the various previous posts and some photos....
Five Dollar United States Note
Coin Shop Currency - UNITED STATES NOTE - FIVE DOLLARS
https://steemit.com/steemsilvergold/@goldkey/coin-shop-currency-united-states-note-five-dollars-20180609
Five Dollar Silver Certificate
Coin Shop Currency - SILVER CERTIFICATE - FIVE DOLLARS
https://steemit.com/steemsilvergold/@goldkey/coin-shop-currency-silver-certificate-five-dollars-20180610
Five Silver Morgan Dollars
COIN SHOP VISIT - FIVE MORGAN DOLLARS
https://steemit.com/steemsilvergold/@goldkey/coin-show-visit-five-morgan-dollars-20180616
Five Silver Peace Dollars
COIN SHOP VISIT - FIVE PEACE DOLLARS
https://steemit.com/steemsilvergold/@goldkey/coin-show-visit-five-peace-dollars-20180616
Five Dollars by Ten Silver Half Dollars
COIN SHOP VISIT - FIVE DOLLARS AS TEN HALF DOLLARS
https://steemit.com/steemsilvergold/@goldkey/coin-shop-visit-five-dollars-as-ten-half-dollars-20180616
Five Dollars by Ten Half Dollars (Clad)
No post, just a photo...
Five Dollars by Twenty Quarter Dollars (Clad)
No post, just a photo...
Five Dollars by Fifty Dimes (Clad)
No post, just a photo...
- by @goldkey
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Thank you for your continued support of SteemSilverGold
thanks #steemsilvergold and @ssg-community
Great post. I think it depends on your use case right? If you want to use the coins/crypto for daily expenses like groceries then you'll want something in small denominations like junk quarters or dimes. For cryptos probably litecoin or my personal favorite BitShares. If you want store of value in coins probably the Morgan dollars and in crypto probably Bitcoin or BitGold/BitSilver (tokens on the BitShares platform).
Thanks for your reply and your additional comments for cryptos. I'll be looking into BitShares/BitGold/BitSilver now. Thank you.
Awesome! There is a temporary (and very interesting) issue with bitSilver and bitGold at the moment. But they will be up and running - delivering the store of value many love with the divisibility and transferability that people love about cryptos. Happy to talk more.
If I went back to 1964 I would trade everything I had for Peace Dollars and would not buy anything at the grocery store, coming back immediately to the present. Then I would sell two or three of my Peace Dollars to get $50 to go to the grocery store and I would keep the rest of the Peace Dollars in my stack. No crypto, only silver.
I think I'd rather have the 1964 groceries as well! No GMOs, no hormones, no preservatives!
WOW - that's an excellent observation! So True!
I would do the same but with Morgan dollars instead.
In '64, I'd be glad to get either Morgans or Peace dollars for everything.
exactly!!! great post and thanks for your support!
Thank You for an Excellent Answer. Going with Peace Dollars back in '64 would be a great decision.
Why wouldn't you get any crypto @ronaldoavelino ? I can understand that no one will value cryptos in 1964! But looking to the future I think people will surely value some cryptos as much/greater than coins.
The Morgans and Peace dollars!
Another selection of Silver Dollars - thanks @silversaver888
I vote for coins. There is something about using coins for money that is just really fun.
Absolutely, the silver coins are solid choice . . . and fun.
There ain't nothing like the feeling of 5 fat Morgies clanking around in your pocket!
Five Morgans is a popular choice. Thanks. I like having a pocketful of Morgan Silver Dollars too.
Always good imformation, tell my grown (boys) they don’t listen to dad. I think now i would take the Beautiful Morgans! I could only hope for some CC’s but i would still be happy with 1921’s 😀. Given it’s 2018 we are all believing/investing into our future. FRN’s are just worthless paper but we are living in this broken corrupt banking system. Needing grocery’s right now we are stick using the FRN’s. 🙁
The FRNs are fine for being spent on groceries. I'll be saving my Morgans and silver before those FRNs.
Choosing the 2018 scenario: I would choose the crypto. Most likely the Steem. Silver is good to have as it can go up (if they ever let go!) and it can go down. Fiat is just that-worthless paper backed by nothing. The crypto market is an unknown variable, but given the fact we kind of do digital money now with debit cards (again, fiat backed) I believe crypto will be the future norm. Logically though you still might need a little of all of it just to keep your options better spread. 😊
Very Logical Response. I completely agree that a little of it all may be the best option. I would add that we need the ability to move quickly in and out of those options. For example, if silver was going to back currencies again, then we need the ability to acquire silver and store it securely. If it is a crypto that takes off, then we need the ability to buy / sell it, so be sure to have crypto accounts on various crypto exchanges.
Thanks!! It gives a whole new meaning to “juggling your finances” lol!
I agree that crypto will likely be the norm in the future, but seriously, $50 in STEEM is likely to be worth considerably more in the future, whereas $50 in dollars is likely to be worth far less, if not actually worthless.
Therefore, I think spending dollars while saving and investing in STEEM, and silver, is a far better option.
Steem is definitely a great investment!!
Indeed it is! ;-)
My favorite choice would be the $5 in Peace dollars.
Excellent Choice - The Peace Dollars are worth about $18/each today.
I would definitely go with the Morgan's if I had the choice. They are probably one of my favorite designs on US coinage.
It looks like the silver dollars are the top choices and the Morgans are popular.
I concur, one of the most beautiful coins ever minted.
I love the content here, it is very pertinent to anyone getting into crypto. The problem is there is no accountability except for the government dubbing every debt it has on the full faith and credit of YOUR future production. I would be all for any fractional reserve backing of currency, anything is better than the current system, but there are far too many people that made themselves important by slurping up to the system. That level of distrust is rocket fuel for what cryptos are soaring in value. The double whammy is finding someone trustworthy enough to have a crypto that is literally backed by a defined amount of precious minerals. Lol, you looking for another day job @goldkey?
Thanks @cryptkeeper17, you certainly understand my concerns and thoughts. . . and my questions. We are living in interesting times. I don't have the solution. I'm not looking for another day job. . . I'm looking to improve my night job, which is SteemIT.
Silver always
Silver is right! Silver, Silver and then some more Silver.
Right now, go with the physical silver - only in your own pocket. That's the only way to go. Upvoted and Resteemed. #steemsilvergold
I agree to jump on physical silver today.
My pick is five dollars by ten silver half dollars
I like that you picked the silver half Dollars because those were minted consistently, while the dollars had some years without any minted.
Nice post with many interesting comments... Most people will keep whatever has the most value and spend that with the least amount of value, even if both had the same buying power... So, as a Circulating Medium of Exchange I'd currently want to spend the Federal Reserve Notes and Pocket the Change... I love all the Silver Coins, but you won't be seeing them circulating as money, ever again... I see a Bright Future for U.S. Crypto's and I see a need for Cold Hard Cash... I even see a continuing need for a Banking System, along with Physical Currency and Crypto Exchanges... You're right about us heading into a new Monetary System... Naturally, Gold and Silver will continue to Fluctuate in Value, and that Value will continue to be Measured by whatever "Legal Tender" best fits that purpose...
Thanks for the reply. As always, I appreciate your input. I've got to agree with your points.
I'm looking for the next big Legal Tender.
I hope you have lots and lots of Physical, U.S. Coinage on hand... The Digits people have in their Bank Accounts won't lose Buying Power, but they won't gain Purchasing Power, either... Same applies to Federal Reserve Notes... You won't lose, but you won't gain either...
As long as I don't have to make change and To keep forever, Morgan dollars. You didn't mention gold quarter eagle and that would be my close second choice.
Thank you for another thoughtful comment. The question of needing to make change is important.
The gold quarter eagle was an oversight on my part. Thanks for mentioning it. It was discontinued in 1933. Maybe I need to go back further and do a pre-depression, pre-1929 Crash Scenario.
Morgan dollars, hands down.
But then, I've always been a sucker for Morgan dollars. ;-)
Today I would give paper money, or more likely an electronic transaction in lieu of paper money, because while silver, gold and (carefully selected) cryptos are likely to increase in value, paper money, like any fiat currency, will almost certainly continue to lose value.
Thanks for the reply. I agree. Also, It looks like there is a lot of people with your/our point of view. . . . And nice to meet you :)
Nice to meet you as well! I'll be keeping an eye out for your posts. ;-)