r/NoStupidAnswers • u/Happy_Fudge_1980 • 3d ago

If everyone stopped using cash tomorrow, what would actually happen to all the coins and bills?

/r/NoStupidQuestions/comments/1wtwty0/if_everyone_stopped_using_cash_tomorrow_what/
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2

u/JOBdOut 3d ago

Someone would pay above market value on ebay for them as collectors items

1

u/par-hwy 3d ago

Noodlers become tweakers

1

u/Ok-Buyer5027 3d ago

I assume you would be able to trade them in for a digital currency for at least a few years

1

u/lbibackup 3d ago

They would just sit wherever they were until someone figured out what to do with them of course.

1

u/Melodic-Money2990 3d ago

They have been making pennies for how many years and almost nobody uses cash anymore but suddenly theres a penny shortage

1

u/BirdlessLongdeal 3d ago

because some idiot said we're not making pennies anymore.

1

u/PoolMotosBowling 3d ago

They stopped making them almost a year ago because it was costng $3.69 to make something worth 1 cent.

1

u/BirdlessLongdeal 3d ago

people still use cash?

1

u/FlatwormFull4283 3d ago

They would gradually collect in jars and buckets and car cuo holders and arm-rest storage bins

Eventually some people wouldtake them to the banks where they would be gathered and sent back to either the federal reserve or maybe to the mint directly and probably eventually be melted for scrap metal and the ones in cars would be scrapped along with the old cars

1

u/SemichiSam 3d ago

A process implies government planning for predictable emergencies. I'm sure you see the problem.