Aufsätze Ökonomik

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Aufsätze Sozialethik


Prof. Dr. Gerhard Merk, Dipl.rer.pol., Dipl.rer.oec.

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Coin hoards (coin refuge)

The holding back and accumulation of coins beyond that required for current payment transactions. Today, this is primarily due to the widespread tendency to collect, as in the case of euro coins with different features. However, because in the case of currency conversions, Scheidemünzen were usually exchanged for the new means of payment at a ratio of 1:1, so today, however, Münzhorte often also serve as an investment. – In spring 2011, there were around 110,000 tons of euro coins in circulation in Germany; per capita, that is 1.4 kilograms. This can hardly be explained by collecting various nation-state euro coins alone, but also suggests coin hoards. – See Money, dead. – Cf. Monthly Report of the Deutsche Bundesbank of June 2009, p. 62 (before the introduction of the EUR, between twenty and thirty percent of coins in Germany were hoarded; same trend for EUR coins), Monthly Report of the Deutsche Bundesbank of January 2013, p. 29 ff. (detailed presentation; many statistics; principles of coinage demand planning).

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University Professor Dr. Gerhard Merk, Dipl.rer.pol., Dipl.rer.oec.
Professor Dr. Eckehard Krah, Dipl.rer.pol.
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