Posted on 02/10/2025 11:33:30 AM PST by Red Badger
Do away with fractional dollars altogether.
It sounds like nickels might be on the chopping block as well.
It is interesting that Congressional approval is needed to ban the coins as legal tender but the President has the authority to stop making new ones.
Stopping new ones saves .gov money so it sounds good to me.
We are broke after all.
4 cents to get 1
You can’t buy anything for less than $1 today, so what do we need coins for? Pennies just collect up and no one carries them. They could stop producing anything less than a quarter and society would go on as normal.
use gold. 1/10th oz is easy to carry, one ounce is the size of a quarter(but heavy) easy peasy.
Or, find cheaper material to make them out of.
We need to have more $1 and some $5 coins. And $500 and $1000 bills. Or coins. I’m for both.
Good point—I had not thought of that.
OK, what am I bid for 500 Lincoln pennies?
(use gold. 1/10th oz is easy to carry, one ounce is the size of a quarter(but heavy) easy peasy.)
Most merchants like gas stations, grocery stores, retail clothing stores, aren’t set up to take gold.
Yeah, but you aren’t buying a penny. You’re producing a part of the currency. Could we reduce production? Sure. Coins are durable.
Are they wheaties?
Gold and silver are too soft to utilize for coinage as it wears away over time and use........
Depends on their years and copper content..............
Coins today sure don’t feel or sound like the coins we had in the 80s. There was a certain sound change made back then. Not anymore. It’s not a “Brite Sound” now. It’s been muted. Dulled. More like clay than metal. I used to be pretty good at the old drinking game quarters... tried playing just for chits and grins the other day and the quarters had almost no bounce to them. I’d say it’s fake money...
For example, a restaurant bill for $25.38 would become $25.4. We would get used to the dropped number very fast, and our machines could be adapted in a minute.
Injection molded plastic!
Actually, I think we are missing the point that “money” was originally intended to have intrinsic value.
Gold, silver, nickel, copper…
Now that our “money” is nothing more than electronic entries, printed paper and valueless tokens, why not plastic coins?
Hell, let’s solve the whole issue and make everyone billionaires with a few keystrokes on the computer.
Pennies are now basically copper clad zinc, and others are just nickel and copper sandwiches.........
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