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LuciusDickusMaximus Archive

May 28th, 2025

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/r/coincollecting

11 months ago

The coin paradox

I’ve just conceptualized such a coin of which is still in circulation and legal tender but is worth LESS than its face value. Let’s say it is a quarter so eroded that a merchant is only willing to accept it as 20 cents rather than 25. This decrease in value of 5 cents from the face value makes the coin very unique as the only 20 cent coin in existence, and then because of the rarity, it’s value skyrockets to collectors. Because the merchant made such a devaluation, they paradoxically CREATED value.

Such a coin probably only exists in theory, but if it did, the implications could be dire for the economy?

May 28th, 2025

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Comments:

HPDopecraft

11 months ago

https://preview.redd.it/kgjk6kbkfk3f1.jpeg?width=640&format=pjpg&auto=webp&s=dfc73061e8ea0e86fcb59ce122a7a93effec37b6

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the_cnidarian

11 months ago

Somebody tried to buy a quarter bag, got two dimes, and this is the result.

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Heavy-Difficulty3606

11 months ago

There aren’t any uninteresting numbers.

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whatnutbutt

11 months ago

During the civil war, paper money, copper cents, 2 cents, 3 & 5 cent nickels were accepted at a discounted rate in some places, preferring silver and gold. While not exactly what you asked, I think its the next closest thing.

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Beneficial_Muscle_25

10 months ago

don't believw this guy he's a phoney

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heyheyshinyCRH

11 months ago

That's not how money works. A single retailer telling you that they're going to count your quarter as 20 cents doesn't make your coin a 20 cent piece to the rest of the world, it's just that guy trying to steal 5 cents from you. Also, United States 20 cent pieces do exist, I have a couple of them. They made them from 1875 to 1876

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[deleted]

11 months ago

This is already how it is and why most merchants, would prefer debit cards, and some refuse cash entirely requiring it be added to a special "like cash" card.

Because of frictional costs cash is absolutely worth slightly less than face value - it's worth something less than face value and more than Coinstar value.

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