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 Replies: 32 / Views: 1,973 |
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Pillar of the Community
United States
3201 Posts |
One way to determine which coins are popular is via the relative populations of worn examples, adjusted for alloy. Cents jumped the shark around 1942, after which notably fewer honestly worn examples (VG and lower grades) are found. Nickels did the same around 1960.
Dimes and up have to be grouped into silver and clad eras. There are many well-worn silver examples from before 1950. Of clad coins, well-worn quarters from the 1960s are more common than worn dimes. There are plenty of worn Walking Lib halves and some Franklins, but Kennedys never circulated enough to be worn down. The same is true for small dollars.
The large number of well-worn cents dated before 1942 tells you they had been used extensively until then. The 1950s and 1960 were transition years in part due to the move away from silver. In the 21st century, the coin most smoothed by circulation wear is the 20th century quarter, which reveals it is the denomination with the most utility.
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Moderator
 United States
163974 Posts |
Quote:
I'm all for doing away with the cent & nickel. Quarters have far too many applications to even consider removing them...It would make sense to stop producing $1 bills and replace them with the current $1 coins already being produced. I agree with both statements. 
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Moderator
United States
163974 Posts |
Quote:
Bring back the gold/silver standard! It's funny to think that the debate a hundred years ago was whether to use the gold standard or the silver standard. Never going to happen. There is not enough gold in the world, above ground or in it, to back a tenth of our money supply, let alone the whole thing. The what about the rest of the world?  Quote:
Now, there's no standard ... The value of our economy is the standard. Allegedly. 
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Moderator
United States
163974 Posts |
Quote:
Modern $1 coins never worked and never will. I can carry 20 1 dollar bills in my wallet with no problem - carry 20 metal dollars in my pocket? Go fish Why would you ever have more than four one dollar bills at a time, let alone 20? Your are spending your money wrong! 
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Moderator
United States
163974 Posts |
Quote:
Works everywhere else. Just carry a $10 note, $5 note, 2 x $2 notes and you only need one $1 coin. Here in Australia we did away with the $2 note too, but our $2 coin are small, so not too bulky. Here's $5 Well done, Aussies. Well done!
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Moderator
United States
163974 Posts |
Quote:Maybe bring back the Twenty Cent Piece? We should have kicked the quarter to the curb in 1875.
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Moderator
United States
163974 Posts |
Quote:
Let's get rid of coins and currency altogether and return to the barter system! I'll play some music for you if you'll give me a sandwich! I saw something like that in the park just this weekend! A girl gave a busker half her PB&J. Was that you? 
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Moderator
United States
163974 Posts |
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The solution is simple , but lobbyists and big government make it difficult. Eliminate the cent , nickel and half dollar. Replace 1 and 2 dollar notes with coins . Easy peasy , many other countries figured it out a loooonnnggg time ago . Quoted for Truth.
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Pillar of the Community
United States
2026 Posts |
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I saw something like that in the park just this weekend! A girl gave a busker half her PB&J. Was that you? No, but just goes to show that my idea is already in use and therefore valid!
Edited by jpsned
02/16/2025 3:41 pm
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Pillar of the Community
United States
2157 Posts |
The problem is the nickel is necessary to bridge the gap between the dime and quarter. Simple. Make nickels out of aluminum. They will still cost too much to make so as soon as the old nickels are taken out of circulation shrink the size of the nickel and remove the large aluminum nickels too. The whole thing pays for itself in recovered metals.
At the same time quit printing the $1 bill so banks are forced to issue small dollars.
Then after a few years we might find a $2 coin is justified but I doubt it will be necessary.
The nickel could be made out of stainless or any cheap metal but God save us from more zinc or I swaer I'll call them "zincles" and otherwise make fun of them.
Time don't fly, it bounds and leaps.
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Pillar of the Community
United States
2157 Posts |
Zinicles?
Time don't fly, it bounds and leaps.
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Pillar of the Community
United States
2157 Posts |
Zinc is an awful coinage material. The coins don't last and they are highly toxic and fatal in this kind of quantity to babies and toddlers.
Only lobbyists think zinc is good.
Time don't fly, it bounds and leaps.
Edited by cladking
02/16/2025 5:38 pm
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New Member
United States
8 Posts |
As long as we nix the Roosevelt dime and go back to Mercury dime's I'm all for it! Down with the Denominations! Up with Dimes! In all seriousness though, I think Nickels, Dimes, Quarters, and even Half Dollars (if people would use them more) all have their place, but the penny's place is getting smaller and smaller. When they stopped minting the half-cent it had as much buying power as a Dime today, so comparing it with that we've held onto the penny for a long long time. |
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Bedrock of the Community
United States
10959 Posts |
Quote: It is a holdover from when coins were roughly based on the value of the metals involved. The dime was silver and weighed 1/5th that of the silver half dollar etc. The Half Dime weighed half that of the Dime. The Penny, Half Cent and 2-cent coins had relative weights of copper. The Nickel was a loner in that there was no other coin in its class except for the short-lived 3-cent piece. Interestingly there was also a silver 3-cent coin that weighed proportionally to that of a dime. If the coins had historically been of the same class, in the same metals, then the weights would have been proportional. Since weight is based on size when made of the same materials the 5-cent coin would be smaller than the 10-cent one. Good points n9jig. Another interesting tidbit of numismatic history is the original nickels, sometimes referred to as Nicks, were Flying Eagle cents that debuted in 1856. They contained 12% nickel and have a lighter color than later bronze cents. FE and IHC struck 1856 to 1864 weighed 4.7 grams and were composed of 12% nickel an 88% copper. Nickel had no association with 5-cent pieces until their 1866 introduction as Shield 5-cent pieces.
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Moderator
United States
163974 Posts |
Quote:
No, but just goes to show that my idea is already in use and therefore valid! True! 
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Posted 02/16/2025 2:48 pm
