US Legislation Seeks Steel Cents And Nickels

Honestly I think they will just adjust the composition of the Penny and Nickle to lower the cost. I do not think they will go away. Too many people will cry foul as it will end up costing people more when prices are adjusted. since I am not a fan of the current penny or nickle I won't cry if they are eliminated. However, if they change the designs to something more appealing then I'd have to reconsider.

How about an aluminum Cent (like the proposed 1974 Cent, but 2.5% copper-plated and another metal (nickel?) added to the majority-aluminum planchet for strength?

Bonuses: No rust, non-toxic if swallowed by children or pets (unlike the Zincolns)

It's surprising how quickly people will adapt to new coinage, when they have to. The whole of the Eurozone has done it, and many, many countries have had to cope with changes in currency due to inflation etc.

I agree with both. And by eliminate, in reference to the representatives, you do mean vote-out of office, right?

I do not know how many times I need to say this, but it has been a while, so here goes...

Your sales taxes are already rounded to the nearest cent. Do not believe me? What is the total price paid on an item that cost $19.99 with a 7% sales tax?

There is no reason why transactions cannot be rounded the the nearest five or ten cents (I say ten cents because we should kill the nickel with the cent). It is important to realize that rounding is to the nearest five or ten cents. There will be no price increases and gouging because everything will not be rounded up. Do we round up to the nearest cent now? No, we do not; we round to the nearest.

Eliminating the cent as a coin would not mean eliminating the cent from electronic transactions. Credit and debit cards do not care what physical forms of money exist. I have also said in the past, with regards to rounding, that most retailers will happily round down to the nearest nickel (or dime) for cash transactions because they save on fees from the electronic transaction. Several places in my area already do this.

I can't rollhunt if they are both eliminated, but I can certainly see the common sense argument for eliminating the penny. Poor ol' Abe!

Let's use our heads here folks. Save money? We ARE talking about the US government!

IF they were to abolish the penny and nickel, by the time the bureaucrats get done with the process, they would have spent a few billion on paying some other bureaucrats to form a committee to pay another group of bureaucrats a few billion to see if a serious study would be feasible to eliminate the coins.

After this they would then need to disperse a few more billion to other bureaucrats in order to form a committee to see if a few more billion should not be paid to different bureaucrats to study to see if suggesting such a thing should be brought to the floor of the Legislature to vote on.

Then another group of ....

... until they could finally guarantee us they would save the taxpayers 100.00 per year.

Exactly, just do it. Coins should be practical, most of all. We don't need pennies for commerce at all. Besides, Mr. Lincoln has had his 100 years, mostly good ones at that.