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When Did They Change The Roosevelt Dime?

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jbuck's Avatar
United States
188740 Posts
 Posted 03/15/2016  10:09 am  Show Profile   Bookmark this reply Add jbuck to your friends list Get a Link to this Reply

Quote:
Using paper to purchase candy bars and the production of coins with negative value is madness.
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n9jig's Avatar
United States
997 Posts
 Posted 03/15/2016  3:53 pm  Show Profile   Bookmark this reply Add n9jig to your friends list Get a Link to this Reply

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I'm sure there's not going to be a mass outcry for greater relief but the mint does respond to demand when they can. I believe it might actually happen if the currency system were rationalized. Using paper to purchase candy bars and the production of coins with negative value is madness.


I think the next rationalization will be a total elimination of coins and currency. With plastic and electronic money gaining more and more acceptance it is a matter of time.

I saw a kid buying a bottle of water for under a dollar last week and use a debit card. My $20 bill was scrutinized by the cashier...

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cladking's Avatar
United States
2271 Posts
 Posted 03/15/2016  8:44 pm  Show Profile   Bookmark this reply Add cladking to your friends list Get a Link to this Reply
As soon as they do away with cash the banks will probably have a transaction charge.

How do you buy the neighbor's lawnmower or go to the flea market withouth cash?

How do rich people pay their Mexican maids?

I doubt cash is going away soon.
Time don't fly, it bounds and leaps.
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n9jig's Avatar
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997 Posts
 Posted 03/15/2016  11:25 pm  Show Profile   Bookmark this reply Add n9jig to your friends list Get a Link to this Reply
As soon as they figure those questions out then cash will be gone.

Basically they need a way to anonymize these payments and provide a reliable cash substitute.

It won't be soon, but I think most of us will see it eventually. In the meantime I doubt they will make much substantive changes to the currency system for a long while.
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Numisma's Avatar
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4963 Posts
 Posted 03/17/2016  09:25 am  Show Profile   Bookmark this reply Add Numisma to your friends list Get a Link to this Reply

Quote:
It won't be soon, but I think most of us will see it eventually. In the meantime I doubt they will make much substantive changes to the currency system for a long while.

Yes. As the dollar continues to inflate and coins are worth less and less, I can imagine them just being eliminated. I agree with cladking and n9jig that notes will still be necessary for a long time- or is every single kid required to have a credit card scanner so he can get his allowance?
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