I am not one for conspiracies but my feeling is that by creating these 'rare coins' they are inflating the value of something so minute gigantically in a way that 'increases circulation'. By giving a small sample of the population something that is suddenly 'rare' and telling coin collectors that each is worth over £50, surely theres something in it? Is it not a free and 'harmless' way of generating capitol?
There is reckoned to be between 50,000 and 200,000 of the wrongly minted coins.
Let's call it 125,000 coins as an average.
125,000 x 20p would normally give us £25,000
Now let's suppose every single one of the wrongly minted coins is found removed from circulation and bought by dealers at £50 a coin.
That would generate £6,250,000 (120,000 x £50).
There are numerous houses for sale in London that cost at least that, the sale of a house (even one costing a few million) is unlikely to have any effect on the economy.
Simply printing more money created hyper inflation but this in a way bypasses it.
Could it be an experiment for the future?
No.
Am I completely out of my depth?
How tall are you.
Is there a God?
The word 'god' is an ill defined nebulous term people use in place of the phrase "I have no clue". It does not mean anything.
Ignore the last questions.
No fucking way.
But if anyone actually has the faintest understanding about economics please shout out, I would be very interested to hear your opinion on this.
It's a silly idea from what I can see - and for lots of reasons.
There is reckoned to be between 50,000 and 200,000 of the wrongly minted coins.
Let's call it 125,000 coins as an average.
125,000 x 20p would normally give us £25,000
Now let's suppose every single one of the wrongly minted coins is found removed from circulation and bought by dealers at £50 a coin.
That would generate £6,250,000 (120,000 x £50).
There are numerous houses for sale in London that cost at least that, the sale of a house (even one costing a few million) is unlikely to have any effect on the economy.
No.
How tall are you.
The word 'god' is an ill defined nebulous term people use in place of the phrase "I have no clue". It does not mean anything.
No fucking way.
It's a silly idea from what I can see - and for lots of reasons.