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 Replies: 34 / Views: 4,989 |
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Valued Member
United States
385 Posts |
Hey guys, how's everyone doing? While reading this article, http://www.washingtonpost.com/opini...S_story.html I thought of this: A proper and cost effective way to produce coins (5 cents, 10 cents) would be to produce them in aluminum. Prices and taxes should be priced accordingly to eliminate the need for pennies. The Dollar Coin should be silver plated which truely would preserve its value. There should be a thicker $5 of bimetallic composition and $10 of bimetallic composition again (but the size of one of those old Morgan dollars for thely m to be respectably easily distinguished). The 20s, 50s and 100s are perfect, but there should be a $250 along with a $500 to supplement our demands and needs. What do you guys think? Wouldn't those higher denomination coins just be sexy?, now imagine a huge toonie the size of a Morgan/Peace Dollar coin. That would sure feel better to hold than a wrinkly 10 dollar bill of a random dead dude haha. - Michael |
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Valued Member
United States
150 Posts |
Correct me if I'm wrong but you're saying you want big y coins to take over the nickel and dime, and we should clad the dollar? Like a big quarter? Id be out a hobby!
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Valued Member
United States
393 Posts |
You realize that eliminating the cent would upset politician's zinc mining interests in Tennessee and eliminating dollar bills would upset Massachusetts's politician's politically connected friends at Crane & Co. don't you?
There was a time when politician's went to Washington to look out for their constituent's interests. They go to Washington now to look out for their own interests.
The cent and nickel should be eliminated. $1 and $5 bills should be replaced with coins with lady liberty on them.
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Pillar of the Community
United States
2295 Posts |
We don't need bigger coins. That would take a step backwards.
And once the $1 note is stopped being made, it'll be the $2 note that will take its place, so not a really big difference. It'll take a few years, but eventually the $2 note will be very popular and demand for the $1 coin will reduce some, not as much as today, but demand will still decrease for it.
And I don't see the BEP printing larger than $100 notes, since they stopped that years ago to reduce money crimes (drugs, illegal gambling, counterfeiting, etc). Most people never use a $100 note. Most of the $100 notes go overseas. Imagine the counterfeiting increase with those large notes? It would hurt the US dollar.
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Bedrock of the Community
United States
20753 Posts |
Making coins now is almost to easy for China but to make them out of Aluminum? May as well make them out of Lead. Only problem I see there is Lead is more expensive than Aluminum. A more cost efective method of coin production would be to make all our coins smaller. This way a Cent could be worth a Cent again. And as the price of Copper or Zinc goes up, just make all our coins smaller. This system would also help with the failed baby dollar coins since as all our coinage gets smaller, eventually those baby sized dollar coins would be back in style. Also, all coins shold be made of the same material. This way they could all now be proportional so that the Dime will now be larger than a Nickel but smaller than a Quarter.  Another great idea of mine is to make our coins hollow and fill them with Helium. To many now complain about the weight of carrying coins around so with a Helium filled coin, they wall would way much, much less. AND my greatest idea of all is to put my face on all coinage. No one in China in their right mines would want to copy those. |
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Pillar of the Community
United States
2270 Posts |
I've come to believe the government wants a broken currency system. It drives people to use credit cards and maintains a semblance of the status quo so people don't realize prices are 8 times higher in the last half century. It keeps the lobbyists busy and keeps lots of money flowing through the capital. Of course it cripples the economy and saddles it with a stinking albatross but more money flows in Washington D.C. when things don't work than when they do.
There doesn't seem to be any other explanation for making a penny that is less than worthless and a dollar bill that spreads disease. Keeping the Gore mines running, the hospitals full, and money flowing through the capital is far more inmportant than a viable currency system.
You can't buy much of anything with money any longer anyway. Even a tank of gas costs most of a $100 bill and they won't accept a $100 bill after the sun goes down.
Time don't fly, it bounds and leaps.
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Pillar of the Community
527 Posts |
One cent coins made out of aluminum? I do not think that worked out so well back in 1974.
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Pillar of the Community
United States
1796 Posts |
@just_carl -- Helium? Then it'd be worth more than face value again! ;-)
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Valued Member
United States
123 Posts |
Unfortunately, this country's helium stockpile will soon disappear in the next few years. Once it is gone, we will have to import all of our helium if it can be found. I do wonder how one can mine for helium. Once you drill in to it won't it all go up in the air and disappear?
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Bedrock of the Community
United States
17884 Posts |
I believe a large percentage of it is extracted as a contaminant in natural gas
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Pillar of the Community
United States
2270 Posts |
If I remember my chemistry Helium is easily produced. All you need is upsidasium and mooseberries pulverized and heated in a vacuum. It gives off helium and liquid mercury according to the formula Bm + 2U > He + Hg.
There's no chance for sanity any longer or we'd be protecting our upsidasium supplies from being carted off before the Macy's Parade becomes a shambles or we're forced to resort to hydrogen to maintain the status quo; oh, the humanity.
...so it goes.
Time don't fly, it bounds and leaps.
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Pillar of the Community
United States
4897 Posts |
@cladking.... references from Rocky & Bullwnkle AND Vonnegut in the same response....  ...  |
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Valued Member
United States
123 Posts |
BUT I read it on the intenet that our access to helium would become limited. First time I have ever read anything on the internet I shouldn't have believed.
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Pillar of the Community
United States
2270 Posts |
I wouldn't want to shake your confidence in anything you read on the net so let's just say that it's far less absurd to believe in talking moose and flying squirrel than to produce a "coin" that costs several times more to produce and use each year than the aggregate value of 200+ years of the circulating version of that same coin.
The currency system is easily fixed and can even be fixed at a profit as outlined in the first post. The recall of pennies and nickels would more than pay for all the changes and the savings on pennies and dollar bills would be substantial. But nothing can be fixed when the people calling the shots want it to be broken. If we can't turn to our leaders for solutions then we can always trust moose and squirrel to solve problems and do what's right.
Time don't fly, it bounds and leaps.
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Moderator
 United States
187702 Posts |
1. Stop minting the cent and five cent coins for circulation. Minting them as NIFC would be nice. 2. Stop printing one dollar notes; while possibly stepping up printing of the two dollar note 3. For now, leave everything else alone. A two dollar coin, coupled with the elimination of the two dollar note (with increased five dollar note production) could occur when necessary. Problem solved.  However, I feel cladking is on to something. A broken currency system does serve those in power.  |
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Valued Member
United States
123 Posts |
Putting helium in coins would only reflect the reality of my situation. I can't hold on to my money and it always seems to float away into thin air.
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Replies: 34 / Views: 4,989 |
Posted 03/17/2012 08:17 am
