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Can I Question Something From The Past That Puzzles Me?

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Pillar of the Community
United States
3755 Posts
 Posted 03/04/2015  6:36 pm  Show Profile   Bookmark this reply Add smokeriderdon to your friends list
It has nothing to do with efficiency or lack there of. It has everything to do with corrupt idiots in office cowtowing to their special interest businesses to keep them raking in the bucks.

The half and two dollar bills and dollar coins actually make sense. Axing the penny and one dollar bill make sense. But between the paper manufacturer interest and the general idiocy of the sheeple whining about too much change in their pockets, the morons elected by said sheeple won't do what makes sense.
Edited by smokeriderdon
03/04/2015 6:37 pm
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 Posted 03/04/2015  6:47 pm  Show Profile   Bookmark this reply Add Darth Morgan to your friends list
The half dollar is a "product" of the U.S. Mint in these modern times. Yes, they are legal tender, but I just don't think of them the same way I do nickels, dimes, and quarters. However, I will continue to purchase this "product" as long as they make it available.
Bedrock of the Community
United States
11951 Posts
 Posted 03/04/2015  8:22 pm  Show Profile   Bookmark this reply Add GR58 to your friends list
Not to be mean.

What I don't understand is why there seems to be a thread about why we don't need the cent and Dollar bill, when one thread ends another starts.

As been posted

I have tried not responding ....but I click on many of the links ...thinking
It might be something different ....only to find out it's not.

Yes there have been many changes in the past.

The Half Cent was minted because Spanish Reales were leagal tender,
when our country first started. One Reale was worth 12 1/2 cents, so
it was needed to make change. Once the Spanish reale was no longer
needed, the Half Cent was no longer need.

The 2, 3 and 20 cent ..pretty much the same thing. Once the Indian head
cent became extremely popular, citizens choose to use that coin instead of
the 2 and 3 cent.

The 20 cent had to be like the Susan B Anthony dollar ...citizens did not like
it being so close in size to the quarter.

It seems like I have read, in the past, that some of these coins were created because of special interest ..
Not because they were needed ...or wanted by the citizens.

It must be hard to understand that most people in our country are completely happy with the coins we have today, and do not want a change.

When our government sees that citizen do not like or need a coin, then
they seem to make changes.

When the half dollar coin drop to a level of not being used, the stopped
making it for circulation. Same with the Presidential small dollars ...
not being used ...l stopped making them for circulation.

As long as the majority of citizens use the one cent, they will keep using it.

Oh and you never mention ... 2 1/2, 5, 10 and 20 dollar coins ...
Just because they stopped using gold ... They could have still minted the coins .....

Edited by GR58
03/04/2015 9:07 pm
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 Posted 03/04/2015  10:14 pm  Show Profile   Bookmark this reply Add SsuperDdave to your friends list
This is tangential to the "usual" topic. Why, exactly, are we ignoring plain economic efficiencies in our coins/currency? Regardless of what you might consider the correct solution, the fact exists that we've reacted before to alter coinage society plainly considered superfluous. There were a few political victories like Morgans, but by and large the minor coinage was pretty much approached from the same engineering standpoint as setting speed limits, i.e. letting natural usage help define the product.

Not any more, and "why?" is an interesting numismatic question taken as an abstract.
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 Posted 03/04/2015  10:18 pm  Show Profile   Bookmark this reply Add Fox to your friends list
Well, there was also a gold $50 coin, I believe, which even though its not, I called it the "Quintuple Eagle"
Edited by Fox
03/04/2015 10:18 pm
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 Posted 03/04/2015  10:18 pm  Show Profile   Bookmark this reply Add sel_69l to your friends list
Politics gets in the way of good government.
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 Posted 03/04/2015  10:38 pm  Show Profile   Bookmark this reply Add Bertensgrad to your friends list
To be fair half dollar and dollar coins are only nclt. Once the coin is made it's not going to be melted or be declared not legal tender. I don't exactly understand $2 bills except I know they aren't printed often and there is a demand through presents and maybe tipping :). You could say stop making it but that doesn't make sense since you getting high profits from collectors buying them from the mint.

Things exist until they have no purpose. While cents don't have much buying power anymore, the are used in most cash transactions due to sale taxes.
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 Posted 03/04/2015  10:55 pm  Show Profile   Bookmark this reply Add Finn235 to your friends list
The 3 cent coin was made to cheaply ship small change out West so people could stop using gold coins the size and weight of a hole punch. Also, political publicity stunt for the lower cost of the stamp.

The 2 cent coin was made to compete with the Civil War era tokens. They also slapped our now-motto on there to drag religion into the war.

The 20 cent coin was a botched experiment to produce a coin to trade 1:1 with the Franc.

Ditto with the $4 so we could trade with the LMU. Also turned out to be the perfect amount of money for a... ah nevermind.

I would say that more than anything, the coins were able to die a natural death because of a general lack of interest among the public. Seignorage wasn't a thing in the 1880s, so there was no reason to continue mintage once demand died down and people stopped asking for proofs.

There are a LOT more collectors now than there were 130 years ago, which is why the half and dollar coins are on perpetual life support with annual mintages in the 2-5 million range.
Edited by Finn235
03/04/2015 11:01 pm
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 Posted 03/04/2015  11:06 pm  Show Profile   Bookmark this reply Add MeadowviewCollector to your friends list

Quote:
The 20 cent coin was a botched experiment to produce a coin to trade 1:1 with the Franc.


Do you have a source for this?

From what I understand the 20 cent coin was lobbied for by western mining interests. The politicians in DC went along with the idea and it became reality. It lasted two years as a circulating coin due to the similarity to the more established quarter.
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 Posted 03/05/2015  12:47 am  Show Profile   Bookmark this reply Add ratio411 to your friends list
Here we go again... another "I hate this denomination" poster wasting bandwidth.

We need a sub-forum for these posts, so real numismatists can have discussions without divisive political threads.
Edited by ratio411
03/05/2015 12:51 am
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 Posted 03/05/2015  10:40 am  Show Profile   Bookmark this reply Add Conder101 to your friends list
Possibly one reason they could eliminate the unneeded coins back then and not now may have to do with the slow speed on information transfer. A bill would be introduced to eliminate a coin. The Congressmen didn't wait to get opinions from their constituents because it could take months to get replies back. They debated and made the decision and then the people would find out about it later.

Today with radio, TV, and the internet a submitted bill is analyzed and discussed around the country in hours. Opinions start flooding into the Congressmen's offices immediately. How they debated and they their positions are clearly known. If the people don't like what they did he might not get reelected. So today they go to great lengths NOT to do anything that people might object to unless they absolutely have to. No unnecessary controversial decisions that they can avoid. And we won't even discuss the graft possibilities from "interested parties".
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 Posted 03/05/2015  11:15 am  Show Profile   Bookmark this reply Add jbuck to your friends list
I have given my opinion more times than I can count, so I have nothing else to offer until something actually happens to change the status quote.


By the way...

If you do not like these topics, do not read them, do not post in them. It is that simple. We are not going to unnecessarily create sub-forums.
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 Posted 03/05/2015  2:34 pm  Show Profile   Bookmark this reply Add barryg to your friends list
I don't know if this point has already been made, but keep in mind that most of the coins you mentioned had very short years of production compared to the coins you so desperately want to get rid of for some reason. It's a lot easier to discontinue a coin that has only been in production for 10-20 years than it is to get rid of one that has been in production for over a hundred years.
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 Posted 03/06/2015  11:32 am  Show Profile   Bookmark this reply Add Conder101 to your friends list
Another factor might be that back when those coins were discontinued there were a lot fewer Senators and Representatives. The more people you have to convince (or trade favors with) the more difficult it can become to get things accomplished.
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