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Replies: 41 / Views: 3,610 |
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Pillar of the Community
United States
4870 Posts |
I tend to think the half should be discontinued along with cents. To produce circulating quality coins that generally aren't meant to circulate is a waste of money IMO. If there isn't a need for halves in commerce then whats the point? It's not really fun collecting coins that aren't meant to circulate. Further I think dollar coins should stop being minted until the notes are discontinued. How many government vaults will need to fill up with these useless coins until something is done?
Edited by TheForce 02/11/2013 1:53 pm
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Moderator
 United States
188952 Posts |
Quote: How many government vaults will need to fill up with these useless coins until something is done? None. As of last year, the dollar coin is only minted to meet collector demand. No more vault space is being wasted.
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Pillar of the Community
United States
1116 Posts |
If we resize the half dollar down to the size of a quarter and reconfigure it color wise we will still have the same old problem that people have been complaining about before only of a different nature. Right now, including the quarter we have 3 coins that are close in size. The quarter, the Presidential dollar, and the Sacajewa dollar. If the half dollar is brought back and shrunk to a size that is comparable to a size all we will be accomplishing is more confusion over fumbling over coins in our pockets in order to pay the tab. This would even be added to if a Susan B Anthony coin was in our pockets. This doesn't even mention the sometime confusion of the penny and dime as far a size if concerned. One way of solving this is to do away with the dime completely, because its place would more than adequately be taken up by the nickel and would increase the circulation of this coin. The half dollar could be removed entirely from the coinage (along with the dime) because its place has been filled admirably by the quarter. The dollar bill can be done away with because of the economics of have to replace a current bill every 15 months or so and then redesigning the dollar coin to be half the size of the current half, and then stopping the minting of both the presidential and Native American coin in favor of a new design. Finally, I would also propose that the $5 bill be done away with and replaced with a suitable coin. From the information that I keep hearing about the $5 bill has a shorter circulating life span than does the $1 bill. As we all know, coins have a much longer life span than paper money.
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Moderator
 United States
188952 Posts |
Quote: Right now, including the quarter we have 3 coins that are close in size. No, two. You cannot count the one dollar coin twice.  But I get your point. Two is bad, three could only be worse.
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Pillar of the Community
United States
1770 Posts |
halves forever!! all this blasphemy talk about ending halves NEVER! long live the half dollar
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Pillar of the Community
United States
1116 Posts |
JBuck: Aren't the Presidential and Native American dollars the same size and different series? If they are then presently there are (including the quarter) 3 coins close in size.
If that is so, if the half dollar is also downsized there will be four coins of approximately the size.
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Then what a nightmare that would be!!
Edited by ghostrider 02/11/2013 7:52 pm
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Pillar of the Community
 708 Posts |
ghostrider,
No, it would not be a nightmare, because, when I proposed "downsizing" the half, I also suggested that it be a SIDED coin, and NOT a "round" coin. Similar to the "sided" Canadian loonie, but even more extremely sided, as the Canadian loonie has eleven very slight sides, but I wanted the U.S. half to be a more extremely sided "nonagon" (9-sided) coin that would also be copper in color and thicker than all other U.S. coins (as lonbg as they are still thin enough for veding slots) so that you would never confuse the new halves with any other coin denomination by looks or touch.
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Pillar of the Community
United States
4870 Posts |
I'd rather the dollar coins have reeded edges. :) I think reeded edges on larger sized coins give it character and not some cheap token like appearance. As for the vaults, what will become of those dollar coins? If they aren't gonna be used and just sit there collecting dust then they should be recycled. The feds should just made the decision to get rid of the dollar note and scew what everyone else thinks. Just my Two Cents for what its worth.
Edited by TheForce 02/11/2013 9:16 pm
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Pillar of the Community
 708 Posts |
TheForce, Where are many Kennedy halves sitting in those vaults as well, which should be recycled in my proposed, smaller, siided halves. Right now, from what I read, as far as demand goes, we have a 10 supply of halves, AND a 10 year supply of dollar coins. So either yank the $1 bill out of circulation, and get the dollar coin and $2 bill circulating, or get the $2 bill in circulation anyway, and a smaller half in circulation. Smaller halves to save on minting less quarters, and $2 bills to save money on printing less $1 bills. Release about 1/3 of $1 bills and quarters that they normally release, and release enough $2 bills and halves to fill in the gaps.
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Bedrock of the Community
United States
17884 Posts |
The only reason they still make half dollars is because they can sell rolls and bags of them to collectors at a premium. Quote: One way of solving this is to do away with the dime completely, because its place would more than adequately be taken up by the nickel and would increase the circulation of this coin. Lets see the dime costs 4.8 cents to make so they make a profit of 5.2 cents on even one they make. The nickel costs 10.2 cents to make so they lose 5.2 cents for every one they make. And they would need two nickels to replace each dime. So instead of making a profit of 5.2 cents out of every 10, we would lose 10.4 cents for every 10 cents produced. I have a better idea, keep the dime, lose the nickel.
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Moderator
 United States
188952 Posts |
Quote:JBuck: Aren't the Presidential and Native American dollars the same size and different series? If they are then presently there are (including the quarter) 3 coins close in size. Different series, but equal in size and they spend the same (one dollar). There are only two coins to confuse by being close in size: a dollar coin and a quarter dollar coin. It does not mater what is on the coin, only the denomination of the coin. Quote: I have a better idea, keep the dime, lose the nickel. 
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Replies: 41 / Views: 3,610 |