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.
We need to have more $1 and some $5 coins. And $500 and $1000 bills. Or coins. I’m for both.
OK, what am I bid for 500 Lincoln pennies?
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.
I never handle coins. Haven’t seen a penny in 10 years.
Collectors items if production of them ends.
what about ha’ pennies?
The time wasted to find 1-4 pennies in your pocket exceeds the value of your time.
That doesn't sound like a lot for something that can last for decades and be reused thousands of times.
People are acting like a penny can only be used once, and then you have to mint a new one. Might just as well look at it that a penny is worth one cent every time it's spent, therefore after a penny has been exchanged a thousand times it has been worth ten dollars. Not bad for an investment of less than four cents.
We should get rid of the nickel and replace the quarter with a thirty cent piece.
Then we could knock a decimal point off the system and you could always make exact change using 4 pieces or less.
We should do 1, 3, 10, 30, 100, 300, 1000 for bills too.