A Universal Currency System

[theTrav]

1 Gold Bar = ?? Silver Bars = ?? Iron Bars = ?? Copper/Tin Bars

There is no answer to that question that will stay true for more than a week or two.

For a while cast iron to copper/tin was about 1:4 but I doubt that's still true. With few unique uses for cast the ratio is probably closer to 2:3 or 4:5. Wought and steel now, there's some valuable metals.

In terms of gold to silver, it seems fairly hard to tell because not a whole lot of it is in circulation at the moment. Last I tried to sound people out on it, a trade of 1 gold coin to 5 copper bars would not float, but a trade of 1 gold coin to one copper bar was a maybe (that's a 1:99 or 1:100 ratio depending on who wears the loss of coin conversion)

[Neyvn]

What I was going to do was something like

1 Gold = 2 Silver
1 Silver = 5 Iron
1 Iron = 6 Tin/Copper

Meaning that...

1 Gold = 198 Silver Coins
1 Silver = 495 Iron Coins
1 Iron = 594 Tin/Copper Coins

Meaning that 1 Gold Bar Is worth 5940 Tin/Copper Coins Or ~59 Copper/Tin Bars...

If such a Pattern existed. But that's just using a made up pattern (If my Maths is right)...

It can be extended to work out how many coins are needed to equal a single coin of the metal above...

[kobnach]

1 Gold Bar = ?? Silver Bars = ?? Iron Bars = ?? Copper/Tin Bars

There is no answer to that question that will stay true for more than a week or two.

And that is why these plans to create coinage are a waste of time. It's only worth as much as the metal - modified by an (in)convenience factor - and the value of the metal changes.

[theTrav]

And that is why these plans to create coinage are a waste of time. It's only worth as much as the metal - modified by an (in)convenience factor - and the value of the metal changes.

Agreed for the universal currency system, in terms of fake money, however I'm still a firm believer that being able to transform all goods into one valuable resource and back is of value.
If everyone has some amount of a metal, and everyone wants more of it, then it just works.

[kimya]

still, you have the problem that there is metal which is worth almost nothing (cast, tin, copper) and metal( wought, steel) or gold, silver that is worth more. but wrought or steel depend on quality, which means that one coin of wrought can be worth more than another coin of wrought. exchanging wrought coins would either make all the coins the same (low) q in the end or you have to separate between lq mq and hq at least. another three kinds of coins. lets not forget the steel coins... same problem. gold and silver would make sense, sure as they dont have quality (yet??), but almost noone has gold, which means noone wants to trade it.

[theTrav]

still, you have the problem that there is metal which is worth almost nothing (cast, tin, copper)

Last I checked these metals were still worth a reasonable amount.

gold and silver would make sense, sure as they dont have quality (yet??), but almost noone has gold, which means noone wants to trade it.

Brodgar has a gold supply in the works and is considering trading at a ratio of 150 copper coins to the gold coin.

[kimya]

still, you have the problem that there is metal which is worth almost nothing (cast, tin, copper)

Last I checked these metals were still worth a reasonable amount.

gold and silver would make sense, sure as they dont have quality (yet??), but almost noone has gold, which means noone wants to trade it.

Brodgar has a gold supply in the works and is considering trading at a ratio of 150 copper coins to the gold coin.

and you think anyone would buy one gold coin for 15 bars?

[theTrav]

and you think anyone would buy one gold coin for 15 bars?

... no... 150 coins = 1.5 bars... 15 bars would be 1500 coins.

Mind you if someone made me that offer I'd want to trade them several gold coins at that rate

[Onionfighter]

It seems like linen and cave bulbs are the most liquid goods right now.

[kimya]

and you think anyone would buy one gold coin for 15 bars?

... no... 150 coins = 1.5 bars... 15 bars would be 1500 coins.

Mind you if someone made me that offer I'd want to trade them several gold coins at that rate

hehe right
my mistake makes things even clearer... 1.5 BARS for 1 COIN ?
im wondering what youre gonna do with all the metal, supposed ppl actually bought the gold. dont get me wrong, the idea isnt bad. i just doubt its gonna work.

actually i thought it over. supposed everybody had some gold coins... what i would do is try to trade a lot of stuff for coins and make myself a nugget for a ring.