Opals
Gemstones
Jewelry
Coins
Published at 31st Oct 2015
Modified at 13th Mar 2018
Sweden will be worlds first Cashless Country
Sweden will be the first modern country to be cashless. Already banks are refusing to take coins and notes.
There are appro 80 billion in Swedish crowns circulating now compared to some 106 billion just 6 years ago
Other European countries will follow soon Denmark and Scandinavia as a whole.
Obviously now with new card systems that many countries will follow over the next few years
But how will this affect the price of Numismatic coins ?
Modern day coins only cost cents to make so have no real value just melt down copper or nickel price.
Bitcoins will become more popular and are exempt from Vat across Europe Some conspiracy theories is Governments want one world currency , only time will tell if bitcoin does become an excepted worldwide currency
Gold Coins Have always ,and I think will always be popular with top end collectors or investors
Let’s face it there just not enough gold to go around, and when you consider that developing countries are now such huge buyers of gold coins from India to china.
Even turkey has one of the highest gold ownership in the world for coins and gold jewelry
The price may be manipulated but what commodity isn’t traded these days from spices and palm oil everything is traded in this modern world so why would gold not also be traded and speculated on and also manipulated.
SILVER COINS
Pure 99% silver coins are tax free in most countries a s bullion and are popular investors a s well as collectors So if cashless society or not the price of these coins will be pegged to the spot price of silver Other coins will be collected for their numismatic value so there will be stage where old coins will be treated a s ancient coins and are the perfect item to leave a s heirloom to pass down to the next generation . as they will not relate to coins or notes a s we do.so it will be good connection from by gone era to leave coins so your grandchild can relate more to your present day lifestyle
WELCOME TO THE NEW CASHLESS WORLD!
Like Our Blogs? Sign Up For Email Notifications.
Buy Coins While You Still Can
Search the Coin Encyclopedia
Related Auctions
Related Articles
French 5fr and 20fr Coins,One of the most beautiful coins of the modern times is considered to be the French 5fr and 20 fr. Designed by Augustin Dupres after the Revolution, during the Directorate period, they were repeatedly reused by the French Repub
11th Apr 2018
Gold or Silver Coin,Which is the best ? Bullion or silver bars old or new?
10th Apr 2018
Latest Articles
Washington quarters are 25-cent US coins issued since 1932. The original obverse remains, with dozens of varieties and new reverses. Learn the history, types, key dates, and errors on the iconic coin!
4th Nov 2024
Walking liberty half dollars are 50-cent American coins circulated from 1916 to 1947. The iconic design has been featured on the silver eagle bullion since 1986 and remains sought-after by collectors.
7th Oct 2024
Standing liberty quarters were circulated US coins issued from 1916 to 1930 as part of the Renaissance of American Coinage. Learn the values, varieties, and stories of standing liberty quarters!
9th Sep 2024
Article Categories
Collection of articles providing lots of useful information on coins through the ages.
30 Articles