WIN 2.94% 3.5¢ win metals ltd

Widgie Nickel LTD, page-408

  1. 4,770 Posts.
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    Yeah that happens with all coins eventually.

    When the cost of the metal exceeds the face value of the coin, that's when those coins are removed from circulation.

    For example, if the 5 cent coin is made up of 7 cents worth of metal, the coin is discontinued. That's what happened with the 1 & 2 cent coins & it will happen to the 20 & 50 cent coins on day.

    What's the cause? Too much money printing by central banks & government spending. Plus, we're moving towards a cashless society.
    Last edited by ProCapitalism: 06/05/22
 
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