Is The Jefferson Nickel Going To Be Discontinued Any Time Soon? - Page 2

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Author	Replies: 37 / Views: 4,465	Page: of 3

BStrauss3 Pillar of the Community United States 4592 Posts	Posted 04/09/2023 9:20 pm The US will do away with cash when politicians stop taking bribes. -----Burton 50+ year / Life / Emeritus ANA member (joined 12/1/1973) Life member: Numismatics International, CONECA Member: TNA, FtWCC, NETCC, EveryCountry (online) coin club Owned by three cats and a wife of 40+ years (joined 1983) Author: 3rd Edition of the Sample Slabs book, https://www.sampleslabs.info/ Report this Post to the Staff
Dearborn Moderator United States 96129 Posts	Posted 04/09/2023 9:31 pm Quote: The US will do away with cash when politicians stop taking bribes. I hope I'm not standing next to you when that lightning strikes... Collecting since 1972. Learning from then on "Tell me and I forget. Teach me and I remember. Involve me and I learn." - Benjamin Franklin 7070 type set coin count: 51/76 Uncirculated American Silver Eagles My American Silver Eagle Proof Collection Sacagawea Dollars Innovation Dollars Eisenhower-Dollars Kennedy-Half Dollars Washington-Quarters Roosevelt-Dimes Buffalo-Nickels 1938-2005 Jefferson-Nickels Lincoln-Cents Report this Post to the Staff
jbuck Moderator United States 188560 Posts	Posted 04/10/2023 12:03 pm When they hire me as the Mint Director... I will cease production of cents and nickels for circulation. When the Fed places an order for them, I will instruct my minions to ignore it and go about more profitable business. Eventually Congress will be forced to investigate. I can then speak truth to power in the hearings and maybe, just maybe, that committee will report that it is time to do the right thing and draft legislation to cease the cent and nickel for of circulation. Of course, they will allow me to mint them for annual sets and use bronze blanks for the cent. A person can dream! Coin Collector Since 1978 Avatar Old Avatar 7070 Eisenhower Australia Canada World CCF Members on eBay CCF eBay Search Engine Report this Post to the Staff
nick10 Pillar of the Community United States 3207 Posts	Posted 04/10/2023 3:56 pm we've been here before without a cent or nickel, prices need to round to the nearest dime, which makes the popular quarter awkward to use except in pairs so one could elminate the quarter and make more halves, except many people don't like coins as physically large as the half, and many machines don't take halves so instead one could also eliminate dimes, and round to the nearest quarter, except the mathematically challenged would be wary about such drastic rounding so one could bring back the 20 cent piece, except the vending machine folks would scream so one could leave coins as is and issue the New Dollar which would equal ten Old Dollars, except people who don't have lots of coins would whine that people with coins are getting an advantage so we could eliminate pennies, nickels, and halves, and declare all quarters to now be worth 50 cents, but someone somewhere will be upset and so, we'll continue to have pennies for a long time and nickels for even longer Report this Post to the Staff
SaturnD51 Valued Member United States 425 Posts	Posted 04/10/2023 4:00 pm This was the report I quoted on . Maybe I am wrong. https://www.coinnews.net/2023/02/17...seigniorage/ The market for nickel in commodities world trade has gone thru the roof. There is a very dangerous shortage of nickel in trading. What is the mint going to do in the following years. They are going to have to introduce new metals. jbuck Edited by SaturnD51 04/10/2023 4:07 pm Report this Post to the Staff
jbuck Moderator United States 188560 Posts	Posted 04/10/2023 4:16 pm Quote: we've been here before... without a cent or nickel, prices need to round to the nearest dime... Do not overthink it! The dime will act as a new cent and maybe the half will act as the new nickel. The quarter will fit in when and where it can. It is only a concern for small minority of people who use cash and most are smart enough to figure it out. The rest will just let the computers handle it. Coin Collector Since 1978 Avatar Old Avatar 7070 Eisenhower Australia Canada World CCF Members on eBay CCF eBay Search Engine Report this Post to the Staff
ijn1944 Bedrock of the Community United States 19158 Posts	Posted 04/10/2023 4:23 pm In the not-too-distant future, those remaining will be bartering with pigeons, potatoes, and distilled beverages. Report this Post to the Staff
jbuck Moderator United States 188560 Posts	Posted 04/10/2023 4:43 pm I think you underestimate the diversity of the commodities that will remain. Coin Collector Since 1978 Avatar Old Avatar 7070 Eisenhower Australia Canada World CCF Members on eBay CCF eBay Search Engine Report this Post to the Staff
Sap Moderator Australia 16830 Posts	Posted 04/10/2023 6:56 pm There's two separate conversations going on in this topic: - The OP's question about whether or not the nickel should be redesigned; - The discussion about whether the nickel itself should be discontinued or not. They are related, in the sense that if the nickel is going to be discontinued completely within a few years, there's no point in spending time and money redesigning it. Finally, in answer to the OP's direct question: the nickel design is not "90 years old", it has already been redesigned, back in 2006. You have the Type 1 Jefferson nickel (1938-2003), and the Type 2 Jefferson nickel (2006-present). That both types feature Jefferson, and both types feature the same reverse design, does muddy the issue somewhat, but they are clearly "different types". Don't say "infinitely" when you mean "very"; otherwise, you'll have no word left when you want to talk about something really infinite. - C. S. Lewis Report this Post to the Staff
kbbpll Pillar of the Community United States 4233 Posts	Posted 04/11/2023 12:28 am So, presuming we're not eliminating any coins, we'd face a choice. Eliminate the dead presidents motif across all denominations, or pick a new dead president for the nickel. If the latter, I think it should be Teddy Roosevelt. He is the only Mount Rushmore president to never have been on a circulation coin. He was big on conservation, and we're at a critical juncture as a nation where the preservation of our remaining wild spaces is under immense pressure. Emphasize that with a coin design. Put him on the obverse and some other majestic North American animal besides the bison or eagle on the reverse. Report this Post to the Staff
Pacificoin Pillar of the Community Canada 5394 Posts	Posted 04/11/2023 01:17 am Just go to 5 and 20 dollar bills. Coins are virtually useless these days. Report this Post to the Staff
Erscolo Valued Member United States 425 Posts	Posted 04/12/2023 6:21 pm The one cent and the five cent coins will outlast me. I have been around more than three score, but am not planning on checking out anytime soon. Report this Post to the Staff
Bump111 Pillar of the Community United States 3324 Posts	Posted 04/12/2023 8:53 pm Thomas Jefferson was a vitally important figure in U.S. history. He authored one of the greatest treatises the world has seen and helped establish our country. He deserves pride of place on our coinage and bills. We can pick at nits until the cows come home and the facts won't change. I hope and believe that he'll be on the nickel until its days are over. Edited for grammar. "Nummi rari mira sunt, si sumptus ferre potes." - Christophorus filius Scotiae Edited by Bump111 04/12/2023 8:55 pm Report this Post to the Staff
jbuck Moderator United States 188560 Posts	Posted 04/13/2023 11:22 am Dead presidents on circulating coins. In hindsight, the worst idea. Coin Collector Since 1978 Avatar Old Avatar 7070 Eisenhower Australia Canada World CCF Members on eBay CCF eBay Search Engine Report this Post to the Staff
silverado Valued Member United States 187 Posts	Posted 04/21/2023 06:19 am Good info folks ..... Report this Post to the Staff
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