"Usa Act" May Kill Penny, Nickel & $1 Bill

Did you read the link I sent? Did you at least read the link you posted?

Not really a common thing now, is it?

Relax, the man is not out to get you. Besides, if they were out to get you, discontinuation of the cent would not give them any advantage that they did not already have.

Besides, you do balance your bank statements, right? Do you think you might notice if there were a few cents missing here and there?


It may seem like I am picking on you. I am not, really. I just do not think you understand that the benefits (of stopping cents) completely outweigh any costs. You seem to get it with the nickels and dollars. You seem to get it with a lot of the other topics here. I guess that is why I am really perplexed with your reasoning here.

Well, when talking about eliminating the cent and only the cent, how is it really relevant?

However, I will bite...

If the nickel goes, the quarter could stay, but you have to be more cognitive of choices, as you showed above. That being said, the reality is that it should go if the nickel goes.

The dime would really take off though.


Yes, because while the cent needs to go, the nickel could stay with a materials change. Unlike the cent, this is possible. I hate to say it, but Canada does it!

Again, I will conceded to you that if we kill the nickel, then the quarter will probably go NIFC, if only by default (banks order less, the mint produces less). The mint might be wise to make it officially NIFC though, at least until the ATB program ends.



Just did it. Pay up.



At lunch today my mate's bill was $7.02. Neither of us had a cent to spare, the cashier said not to worry.

My suggestion? Bring more money next time or find another store. If that happens to you more than once, well, I cannot help you there.


I live in the south. People are really nice here, if you are nice to them. I would not call a few cents "throwing it away."

However, some are more generous than a few cents. For example, another place I go for lunch rounds cash down to the dollar. My bill should be $8.90, I pay $8. Mom and Pop place. GOOD FOOD! By the way, keep in mind that if I had used a credit card there, they would not have received the full $8.90 then either.

This translates the same in the Northeast. Six pack this evening $9.22 total. Gave the cashier $10.18 got $1.00 in change....no muss, no fuss. Happens all the time to me.....

Condor I initially was thinking a 1 year hiatus starting in 2015 but got to thinking that one year might not be enough time to see if people could manage without a one cent coin. I figured people would be cashing in their change jars thus putting more back in circulation.

I'm not opposed to rounding at all. It evens out eventually.

-MV

I have been mentioning the quarter for quite a while now.




Then you were the only one doing that. (see above)

I have been talking all along about the removal of the dollar bill (this fizzled out because most of us are in agreement), and the fact that the quarter could be gotten rid of and remember stating that they could keep the silly thing IF it is making enough money for collectors, but also always been saying we do not need the quarter and the nickel. You only zeroed in on the penny discussion while I was saying the penny would be needed to sustain the quarter as it and the nickel are what makes the quarter work at all. :S

also about replacing the quarter, we did away with the Twenty Cent Piece in 1855 or something like that? (oops, it only existed form 1875~1878, it was not well received.)




Due to the constant dismissal of half my argument all this time, I am lightly thinking, just lightly. But still do not see the ends justifying the means as there is no loss, except that SOME people throw pennies away. As they say "a fool and his money is soon parted", and "do not bandy words with fools". So I don't consider those that throw pennies away that we use examples for this as anything of real concern. Was there another point someone had other than the erroneous "losses" or those that throw away pennies? Until something useful comes about why the penny is hurting us so bad, I don't see a need for change for the sake of change. I have given much thought to it all this time (in ALL the threads about it) and still see the simplest answer to be the right one: dollar coin, dime and penny are the coins we should be using. it works mechanically, logistically and mathematically.

Yeah, because it was competing with a coin (the quarter) that was already well-established. Remove the quarter and once again, people will use it. (as they already do in so many countries - 20 Australian cents, 20 euro cent, 20 British pence, 20 Singaporean cents)

No comment to the proposition of having no coin at all between 10c and 50c?


It costs more than one cent to make

It costs more than one cent to make

It costs more than one cent to make

I know right, why in the world would a coin community care so much about coins? That is just silly



you didn't mention a 50 cent piece, only the 20 cent piece. you mentioned a 50 kopek or something like that from Russia, so I am confused what I should have said about it?

You pretty much know the coin choices I have made: dollar, dime, cent.

This also means it removes MY favorite coin (half dollar), but it makes sense as you can still do the math by reading the number of coins needed for payment or change directly from the price
$6.98

you need a 5, a dollar coin, 9 dimes, and 8 pennies.

I actually hate the dime because its size they always ran away from my hands, but doubt they will fix the size where the smallest coin has the smallest value, UNLESS that is their excuse for getting rid of the nickel and penny.

Maybe because I grew up with the Dewey Decimal system and had to use it in a public library (for those younger people this is what the internet was before the internet, where you could read things you didn't own.) but the decimal system is simple, it works, and is universal to pretty much EVERY country. the ONLY universal language with have in this world right now is math, so why not use it for the basis of our money like coins?

I do agree that the quarter should have never existed beyond the reale where people were allowed to pay with 2 chunks (bits) of it to get their shave and haircut. it should have always been 20 cent. but we need neither, and just the dollar, dime, and penny will do the job of ALL the other coins.




Welcome to America? McDonalds costs more than it take to make and people still waste money on it, and it is bad for you in the mass quantities a lot of people eat it in. at least the penny with what little copper is left has coppers anti-microbial properties and is somewhat a universal health care system for the country in that respects! so the penny costs twice as much and is pulling double duty. I guess its value to cost is pretty good then if it helps promote good health for those that use it.

again, I cannot support the idea that the amount it costs really means something unless it is actually putting us in some sort of financial crisis and the CEO bonuses that were paid with the TARP funds of $200 billion (the same number this act proclaims to save?) did a LOT worse to put us in economic crisis than the penny ever could. By the time the penny could break us financially as a country, the world will ahve stopped using money anyway.