If the 95% of the coins in the United States (i.e. 1c, 5c, 10c, 25c) were no longer in circulation, but bills were left alone, what would happen to the remaining coins? Would they go up in value? Could 3 quarters be worth the same as a $1 bill? Or will people still value coins by their face value? Is this relevant to the question of fiat money?
Gustavo
