Coinflation

Coinflation has been referenced in The Wall Street Journal, Forbes Magazine, Marketwatch, and many local newspapers across the United States.

New features are usually added every month (like the silver melt value calculator) and articles about coins and inflation are posted daily. The pages are template-driven and a korn shell script updates coin values with the current silver and base metal prices.

What is Coinflation? I made the word up. Doesn't really exist. Well, I guess it does exist now, but you won't find it in the dictionary. If I was asked to write a formal definition for Webster's it would probably look something like this:

    coinflation [ koin-fley-shuhn ]
    noun.  1. A persistent rise in the metal value of silver and base metal coins.  2. An inflationary effect on coins.  3. The difference between the metal value and face value in coins.

How would you use it in a sentence? How about, "Since coinflation is accelerating, I'm not going to dump these pennies into the Coinstar machine at the market and receive face value." Or, "I'm not seeing many copper cents in circulation anymore, I'm guessing we're seeing a little coinflation here." My wife uses the word in a sentence all the time, "Quit working on your stupid coinflation website and let's go out for Chinese food."


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