Steve asked in Social ScienceEconomics · 1 month ago

If there was a world economy collapse, would say £2 coins be worth alot more than £10 and £20 paper/plastic notes?

I presume metal is worth more than paper or plastic ?

6 Answers

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  • JuanB
    Lv 7
    1 month ago

    Basically the definition of paper "note" is that the government says bring us this 20 pound note and we will give you 20 pounds worth of coins.  But as stated, it's been over half a century since the coins were gold, silver and copper, etc.

  • 1 month ago

    The metal used to mint modern coins is not valuable, it is a long time since coins were made of precious metals. 

  • JASON
    Lv 6
    1 month ago

    We'll being going back to pigs and chickens.

  • Barry
    Lv 6
    1 month ago

    A £2 coin is not valuable at all if melted down. It's the face value that matters. No different from notes.

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  • Oiy
    Lv 6
    1 month ago

    You are too big to be late. Since the law of good money is driven by bad money was found, the coin has no value to melt down anymore.

  • Petter
    Lv 7
    1 month ago

    Well, five cents are 500 % more than one cent, so yeah.

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