[Fullsize455]

Originally Posted by nas t eh

What some of you might be missing in worrying about what each coin is worth, is the cool factor.

Like it or not we are heading quickly to a cashless world.

Denmark has already switched

Lot of people have been saying that for years. We're no closer to it today than we were a decade or two ago. Sure, fewer people make their daily purchases with cash, but basically everyone still takes it, and there is no less cash on circulation now than there was a decade or two ago. It's not going away.

[nas t eh]

Originally Posted by Fullsize455

Lot of people have been saying that for years. We're no closer to it today than we were a decade or two ago. Sure, fewer people make their daily purchases with cash, but basically everyone still takes it, and there is no less cash on circulation now than there was a decade or two ago. It's not going away.

I use to think so too, as recently as 3 months ago, Then some of my tenants started e-transferring their rent to me and more are asking if they can. I still take cash of course, but I have to go to the bank and deposit it. I don’t mind carrying thousands of dollars cash to the bank, but I admit e-transfers saves me having to drive out to the property and catch up to everyone so they can pay. Many don’t have checking accounts anymore either so that is out for them.
It was my most recent trip to the bank that I posed the question to the teller about how soon it might be before places I go to and pay cash at, might stop taking it. She said Denmark is the first Country to switch, maybe it will be ten years or never for the USA or Canada, but I would have never guessed it would even be be possible. Now I think it’s highly likely in ten years and looking back ten years is no prediction of what the future holds.