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 Replies: 17 / Views: 3,377 |
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Bedrock of the Community
13014 Posts |
It'll probably be the nickel or the dime. Nickels seem to be searched the least and no one ever really seems to pay attention to the dime since it's the only thing that hasn't undergone changes. Heck the current dime may still be in production for part of your time frame.
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Moderator
 Australia
16872 Posts |
Inflation will render the cent and nickel obsolete before your timeframe begins. I doubt you'll be able to obtain either for face value by 2030. The dime and quarter will be pretty much worthless by then, too.
So I voted dollar.
Don't say "infinitely" when you mean "very"; otherwise, you'll have no word left when you want to talk about something really infinite. - C. S. Lewis
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Moderator
United States
190135 Posts |
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Pillar of the Community
United States
899 Posts |
I think the obvious answer is the penny... since it appears they'll never get rid of it.
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Pillar of the Community
Canada
2805 Posts |
Also going with dollar.
1987 loonies are looking pretty ugly in circulation already, though, and have been replaced with a plated-steel dollar with the same size and design.
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Pillar of the Community
 United States
6130 Posts |
I'm not sure I agree that the government is actually going to pull the cents and nickels out of circulation. The copper cents would be worth the effort to melt down, but the most likely scenario would be that they lift the ban on melting them. I'll admit that I personally have a good 60 pounds set aside for when that day arrives. Still, this is the government that never actually pulled the Half Cent from circulation; I recall hearing somewhere that the more plentiful designs continued to circulate for several decades past their discontinuation. And, keep in mind that the cent and nickel will continue to circulate until the government steps in to pull them, or the public refuses to accept them. After all, we're not talking about a few million coins like the total population of the Half Cent or Three Cent coins. The 1964 nickel alone is present at a rate of about 1 per roll, and if I remember correctly the 1982 penny had a mintage figure of around 12 billion. I just don't see how it would make any economic sense to round up that many coins. |
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Moderator
United States
190135 Posts |
Quote:
I think the obvious answer is the penny... since it appears they'll never get rid of it. Zing!  |
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Moderator
United States
190135 Posts |
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I'm not sure I agree that the government is actually going to pull the cents and nickels out of circulation... the cent and nickel will continue to circulate until the government steps in to pull them, or the public refuses to accept them. I agree. They will stop minting them and let use do all the work of removing them, however long it takes (some say months, others say years). I have no problem with that.  I still think they should quietly stop minting them and let the general public figure it out on their own.  |
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Bedrock of the Community
13014 Posts |
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The copper cents would be worth the effort to melt down, but the most likely scenario would be that they lift the ban on melting them. I doubt theyll ever lift the ban on melting them, they just simply have no reason too. They can just tell banks to send them in for the government to melt and make the money. They generally dont like other people making money off their work which is what it would be especially since if they did stop the penny they would still let it run free in the wild to lessen the shock of the change. Really though the most likely is that they would probably do absolutely nothing. Just let them circulate if theyre going too while leaving a melt ban in place. SBAs and Ikes can still circulate if people want them too so I dont see why it would be any different with anything else. I mean if you really wanted to you could probably go out and spend a Half Dime or 20 cent piece too, theres no law that I know of preventing that. |
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Pillar of the Community
United States
1750 Posts |
Nalaberong is right on the 1987 loonies. They are beat to heck, but are still doing the job nicely. They have mostly survived up until the ARP...which is sadly now withdrawing them from circulation. I voted Washington quarters 1965-1998. I still regularly get 1965's now almost 49 years later. I think we will still see them in 2065, unless we have a composition change. They will be the last fractional coin rendered useless by inflation. Keep in mind we may also become a cashless society in the next 20-30 years as well. Edited by DoubleEagle20
12/19/2013 01:06 am
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Pillar of the Community
United States
2734 Posts |
If the Consumer Price Index continues rising at the general rate of the last 100 years, the current Cu-Ni Quarters and Dimes will be worth face value in metal content somewhere around year 2060.
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Pillar of the Community
United States
2651 Posts |
Once the zombie apocalypse occurs they all will be out of circulation. :)
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Pillar of the Community
United States
1750 Posts |
Sounds about right, DNA. From the early 1950's to now, we literally have slid over one decimal place on prices. The dime is literally the new one cent coin and it's mintages prove it. I can see a US currency system resembling the Japanese one in 2060. The lowest coin will be $1. Fractions of a dollar simply won't be used anymore.
Edited by DoubleEagle20
12/19/2013 8:52 pm
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Pillar of the Community
United States
1088 Posts |
It would make sense to me that if they continue the dollar coins and there always will be new presidents, there will still be a Presidential dollar coin coming out. Even if they do take away the paper currency dollar, there would still be a dollar coin. just my thought |
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Pillar of the Community
United States
6130 Posts |
I don't think the Presidential dollar program will last much longer. The legislation (and maybe an existing law as well?) states that the president must be dead for at least 2 years before he can be put on a coin. We'll be caught up through Reagan in 2016, and we might make coins for Carter and H.W. Bush if they kick the bucket in the next year or two. I don't think that Clinton, Bush, and Obama will be included in the program, and even if they were, their coins would almost certainly be NIFC coins issued somewhere in the 2030s-2050s (assuming they live to be 80-100). |
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Replies: 17 / Views: 3,377 |
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Posted 12/17/2013 5:19 pm
