The Sterling Silver Coin Shop

Question by Mozey: Is buying sterling silver jewelry feasible for commodity trade as opposed to pure silver bullion?
Hypothetically speaking, if hyperinflation occurs and the value of the dollar becomes worthless, is it feasible to trade sterling silver jewelry as monetary value, as opposed to pure silver bullion? I ask because it seems you could have smaller increments of "value" with sterling silver. For example, rather than trading an entire pure silver coin for food I could simply break a necklace in half to have more "exact change", without having to worry about getting equal change back so to speak. Would this be acceptable?

Best answer:

Answer by scoutma53
The vast majority of the cost of silver jewelry is labour: the value of silver in the item is not very much. You get more value for money using ingots.

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Originally posted 2011-01-01 20:56:54. Republished by Blog Post Promoter

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