Syiling: Perbezaan antara semakan

Throughout history, governments have been known to create more coinage than their supply of precious metals would allow. By replacing some fraction of a coin's precious metal content with a base metal (often [[copper]] or [[nickel]]), the intrinsic value of each individual coin was reduced (thereby ''"debasing"'' their money), allowing the coining authority to produce more coins than would otherwise be possible. [[Debasement]] of money almost always leads to price [[inflation]] unless [[price control]]s are also instituted by the governing authority. Some consider a classic example of this phenomenon to be the behavior of price levels in the [[United States]] since [[1964]] (the last year circulating [[United States Coin]]s were minted of 90 percent silver). It should be remembered, however, that for most of the era of U.S. silver coinage, such coins were actually fiat money, because the value of silver was relatively low. For example, in 1960, the silver in a dime was worth less than four cents. It also should not be inferred that such debasement and inflation were unique to the U.S. Virtually every other country debased their coinage too. The United Kingdom saw similar inflation during the same era. What is unique to the United States, among the developed countries, is that the U.S. has never revised its coinage system to accommodate this inflation, and as a result, coins in America today are scarcely regarded as "money" in any practical sense. Increasingly common are coin counting machines which charge money to consumers for converting their "coins" into "cash".

 

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