The mark-up is less ,say for instance, for a full British sovereign, but it costs 905 € (815 British pounds) for me!

What !!!

Go here to see what the Royal Mint charges for a single 2018 sovereign (including insured delivery)

How would you issue such money in small denominations?

Actually it's already been done with the Stelo in plastic pics here, and base metal/paper pics here.

BUT the problem as you point out is that these coins or tokens are unbacked. Nobody can say, other than arbitrarily, what a Stelo is/will be worth. Insufficient thought was given to the backing. There is no structure set up for convertibility.

Even the 100 Stelo coin in .999 silver isn't really commodity money because to buy one you have to pay way above the intrinsic value. Though if Turfalko could be persuaded to market them at 28 Euro's (for the moment) they could be used as a 1 Spesmilo coin, and this would determine the current and future exchange rate.

Should it be a security against the fluctuations of the contemporary currencies? Yes, gold is such, but why mix Spesmiloj into this?

Good question.

If you bought a gold coin, and shortly thereafter you decided you needed pounds, Euro's, dollars, rubles(what ever) and there were no established exchange rate in the Esperanto Community (as part of the revival of the Spesmilo), then you would have to sell the coin at a loss to a jeweller - who probably wouldn't even give you the value of the contained gold as he has to make a profit).

By reviving the Spesmilo and setting a universal exchange rate (with fiat currency)to be used in the Esperanto community, you will get most of your money back.

Why would a fellow Esperantist accept that exchange rate? Because he is getting Spesmiloj at a fair price and a price that he would have to pay if he/she bought a made a best purchase gold coin independently from a mint.

What it boils down to is that a revival of the notion of an Esperanto currency backed by gold (ie the Spesmilo) gives a meaning to the value of such gold coins. Now he/she can travel the world and get the local paper currency (without bank charges) anywhere there is an Esperantist.

We obviously disagree about the best place to start this revival. But I think the best place is to start with the idea that gold is international money (as it was before WW1).

Later you can move on to low value denomination Esperanto paper money which is convertible to gold (or for practical reasons with small sums) a gold equivalent in some fiat currency

Metsis, note how fixing the 100 Stelo coin at 1 Spesmilo, solves the problem of the value of all the existing Stelo coins forever. And it means that these coins are brought into the fold.

In any future year you will always be able to calculate the exchange rate for the Stelo. it's the value of the Spesmilo divided by 100. If the value of the Spesmilo today is 28 Euro's then today a 1-Stelo plastic coin is worth 28 Eurocents.

So there's one way you buy a cup of coffee in a Gufujo.

sudanglo:

The mark-up is less ,say for instance, for a full British sovereign, but it costs 905 € (815 British pounds) for me!

What !!!

Go here to see what the Royal Mint charges for a single 2018 sovereign (including insured delivery)

I googled for "British sovereign coin" and by that way I found the quarter-sovereign. Next to it was the full one, that costs 815 pounds. Being lazy I was satisfied with that and took it for the one, you have spoken about. Now when you say it, it looks like to be somekind of limited edition special coin. I seemed to have mixed the coins, mea culpa.

Ekzistas nova 100-Stela medalo-monero el unu unco (31,1 gramoj) da pura arĝento:

https://commons.wikimedia.org/wiki/Category:Stelo

sudanglo:Metsis, note how fixing the 100 Stelo coin at 1 Spesmilo, solves the problem of the value of all the existing Stelo coins forever. And it means that these coins are brought into the fold.

In any future year you will always be able to calculate the exchange rate for the Stelo. it's the value of the Spesmilo divided by 100. If the value of the Spesmilo today is 28 Euro's then today a 1-Stelo plastic coin is worth 28 Eurocents.

So there's one way you buy a cup of coffee in a Gufujo.

I find it quite unfortunate, that 100 spesoj make 1 spesmilo instead of as the name implies, that 1000 spesoj make 1 spesmilo. Moreover while in Europe the smallest nomination coin with worth 28 ￠is tad too valuable, in other parts of the world it's way too valuable.

Metsis, ĉu vi bezonas novajn okulvitrojn?

Mi proponis 100 Steloj = 1 Spesmilon, tiel 1 Stelo = Spesdekon.

Do, se hodiaŭ 1 Spesmilo = 28 Eŭrojn, hodiaŭ 1 Speso = 2,8 Eŭrocendojn

Ni jam havas Stelo-monerojn. Sed la nuna valoro de la Stelo estas arbitra, kaj kiu povas diri kiom estos la valoro de la Stelo estonte?

Per fikso de kurzo inter la Stelo kaj La Spesmilo, oni kiam ajn povos diri kiom valoras la Stelo en kiu ajn valuto.

sudanglo:Metsis, ĉu vi bezonas novajn okulvitrojn?

Ŝajnas bezoni

Ĉar ni havas unuojn speso kaj spesmilo, ni ne bezonas pliajn unuojn kiel stelo, kiuj kaŭzas nur miskomprenojn. Mi estas vivanta atesto pri ĝi!

La mistero estas kial en la kvardekaj jaroj oni enkondukis la Stelo-n.

Kial oni tiam ne revivigis la Spesmilon?

Ĉar hodiaŭ ekzistas Stelo-moneroj en milaj kvantoj, ŝajnas saĝe proponi kurzon inter la Stelo kaj la Spesmilo.

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