josie
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 |  Subject: One dollar bill,one dollar coin? Fri Mar 25, 2011 5:49 pm | |
| Just posting.
http://www.smartplanet.com/business/blog/business-brains/goodbye-us-dollar-banknote-government-report-urges-move-to-coin-only/14119/
That means 50 Piso downward should be a coin,if they will replace a dollar.
And 100 Piso as the UKGB pound is in coin.
UKGB also have a 2 pound coin that is 200 Piso should also be in coin.
For me it meant that our 200 Piso is worth same as 2 pound and 100 Piso is worth 1 pound,and 50 Piso is worth 1 US dollar the most for now,but our sentimo is way to low compare to their lowest denomination. |
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tracy1947
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| | Subject: Re: One dollar bill,one dollar coin? Fri Mar 25, 2011 9:09 pm | |
| that is not the way it count. you have to know the metal intrinsic value. plus production cost, fabrication cost, shipping cost, warehouse cost, packing cost, and administrative cost. and lastly. the metal it self. do your country have them?. or should you import?. all these play a factor to know the total cost of a coin.
furthermore. the central bank will determine how much percentage or mark up to be added to that coin. that will be the face value of a coin.
example - total cost of a coin is 25 centavos. maybe that face value will be one peso. so the central will produce that one peso coin.
since the metal nowadays is always up. sometimes it went up above the face value. so the central bank have to come up with a new one peso coin with those mixed cheaper metals. |
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josie
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Join date: 2009-08-09
| | Subject: Re: One dollar bill,one dollar coin? Sat Mar 26, 2011 6:28 am | |
| | tracy1947 wrote: | that is not the way it count. you have to know the metal intrinsic value. plus production cost, fabrication cost, shipping cost, warehouse cost, packing cost, and administrative cost. and lastly. the metal it self. do your country have them?. or should you import?. all these play a factor to know the total cost of a coin.
Just by denomination not in metal value or just like other coin and currency are in capital much higher wages,than provincial lower wages or in the past colonial coins?
furthermore. the central bank will determine how much percentage or mark up to be added to that coin. that will be the face value of a coin.
Hope central banks have all reprensentative in all sector.
example - total cost of a coin is 25 centavos. maybe that face value will be one peso. so the central will produce that one peso coin.
since the metal nowadays is always up. sometimes it went up above the face value. so the central bank have to come up with a new one peso coin with those mixed cheaper metals. |
Just dont change the metal,same metal if it goes up just lower product or goods but coins and currency will go up coz of the metal is high.
Or we do it in reverse just like utah put silver and gold then put additional multiple by 10 to 73 times its value on silver and gold then the coin increase in value only in precious metal not in base metal,what is that?
http://www.stockhouse.com/Columnists/2011/Mar/2/Most-compelling-argument-for-owning-silver-I-ve-ev
It might go as far as chalkoi-brass obol-Assarion-Uncia-Dinar-Sol-Thyrmsa-sceatta-pennyweight-try ounce or now steel ratio. |
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