http://old.nabble.com/The-problem-with- ... 14004.html
This is the response he got from dead-ender rcuLet's say I owe a friend $50.
Me: Check this out, it's a privately minted currency.
Him: Oh, cool. That's really neat. What's it worth?
Me: It's got an MSRP of $50. It's one ounce of pure silver.
Him: Oh. How much is an ounce of silver worth?
Me: Uhh... Spot is just under $18.
Him: Well, I'll take that coin plus $30 then and we'll call it even.
How do you respond to that? It does seem like the $20 base was a whole lot easier to sell to people when silver was at $14, but now $50 for $18.00 worth of silver raises too many eyebrows.
Others, however, are cluing in, such asYou're still spending LD? I suggest you demand at least 4x melt for them in trade, 5x melt in cash. They're out of production, so a collectibility premium applies.
http://old.nabble.com/forum/ViewPost.jt ... 6&framed=y
Whenever I drop in here, it feels like the Twilight Zone.
If you owe your friend $50 and he doesn't particularly want silver, why do you want to foist it onto him? Did he lend you $50 worth of wheat? Maybe he lent you $40 of denim fabric and a handful of copper rivets.
No? If he handed you a $50 note, he likely expects to get the same thing back. Obviously, you still place a value on FR Notes, or you wouldn't have borrowed one from a friend. Apparently, you see nothing wrong with then trying to replace it with something of lower value. He might want to reconsider your friendship.
Save your bartering for times when YOU want or need something and find another person who is willing to trade fairly.
Trading fairly doesn't mean simply pointing to a MSRP and claiming that this is its true worth. That is mercantilism.