The Future of Actual Money

The increase in a cashless economy has Jeff Garrett pondering the future of physical currency and numismatics.

While attending the recent Long Beach Coin Exposition in California last month, it was time for an afternoon coffee break. The concession stand at the convention centre offered a sparse offering with just the basics. When it was time to pay for my $5 cup of coffee, the teenage cashier told me they did not except money and were cashless. Without a credit card, my required caffeine intake would have to wait. The irony of a convention based on selling money in all its forms having a concession that did not take money was quite amusing. In the last few years, vendors of all kinds in the United States are moving away from excepting cash in any form (Figure 1). This seems to have started during Covid-19 when the idea of…

You're reading a preview of

Stamp Collector (Digital) - 1 Issue, August 2024

DiscountMags is a licensed distributor (not a publisher) of the above content and Publication through Zinio LLC. Accordingly, we have no editorial control over the Publications. Any opinions, advice, statements, services, offers or other information or content expressed or made available by third parties, including those made in Publications offered on our website, are those of the respective author(s) or publisher(s) and not of DiscountMags. DiscountMags does not guarantee the accuracy, completeness, truthfulness, or usefulness of all or any portion of any publication or any services or offers made by third parties, nor will we be liable for any loss or damage caused by your reliance on information contained in any Publication, or your use of services offered, or your acceptance of any offers made through the Service or the Publications. For content removal requests, please contact Zinio.