Nickel To Be Discontinued?

We just lost the Penny, I can't see the government also scraping the nickel too. I think we are still a couple (10 to 15) of years away from this happening

You can't really get rid of the nickel and keep the quarter; it would make giving change a nightmare. When it comes time to get rid of the nickel, they'll have to revamp the entire coinage and replace the 25c with a 20c.

I doubt if you'll get rid of the nickel by the end of the decade, never mind the year.

I said way back in the day that they never should've scrapped the 20 cent coin. No one listened to me then, but look who's laughing now!

However, just to add fuel to the fire, I don't think a 20 cent coin would be most efficient. If the target is to minimize the number of coins received in change, I think a 30 or 40 cent coin should replace the quarter when the time comes. If you assume that 10, 20, 30, ..., 90 cents are all equally likely, then using a dime and a 30 or 40 cent coin would mean an average of 2.3 coins in change, whereas using a dime and a 20 or 50 cent coin would mean an average of 2.8 coins in change.

Ten years from now we will be so close to a cashless society that it really won't matter. The government can get rid of all coins and except for a few nutbars like us coin collectors no one will care.

I read an article a couple nights ago, where Canadian vendors were advocating the elimination of the Canadian nickel, and there was talk about issuing a new 20 cent coin to replace their quarter (which would probably cost the vendors a lot to adjust, but they didn't seen to care, so it must be worth it to them) and they were talking about a $5 coin in the future, as well as a $200 bill within between now and 2021. They were also talking about resizing their coins to make them all lighter. So, I believe that they were going to do exactly what I proposed here in the U.S.: get rid of the nickel and quarter (they already got rid of the penny, which is a start), which would be replaced by a 20 cent coin, resize their half, set their cash drawers 10c, 20c, 50c, $1, $2, and $5, and bills $10, $20, $50, $100, $200 (unless they would put $50s, $100s and $200s under the drawer or in a safe) I'm suprised Canada did not talk about a $500 bill in the article, as a $500 bill would be a very good idea, especially, by 2021. Quite frankly, so would reviving their $1,000 bill. Oh, and the article also claimed that Canadians were hoarding nickels, and that was one of the reason they were advocating getting rid of them. They also said people hardly ever use them, which was another reason to get rid of them. So, who knows? Maybe that teller is right about the elimination of the Canadian nickel.

I couldn't imagine life without the nickel at this point. Yes in the future after some revamping of the system...but not now. If they did it would kind of point us behind the ole .

Even if we made the dime the smallest circulating denomination, I still don't see why we can't use the half, and maybe go as a person on another board I seen, said go 10c, 50c, (if not a 20c) $1, $2, $5, and bills $10, $20, $50, $100, and as I said, $200, $500, and possibly $1,000 for bills. I don't care about plastic or checks or eletronic payment methods. Some of us in this world STILL like to carry cold hard CASH (and no, I'm not talking about the drug dealers and money launderers etc.) And you know the old saying "Cas is King" Also, for all of you who think we are going to a "cashless" society, never gonna happen. There are still too many people who still can only accept a payment in cash. Take for example, garage/yard sales, buying a used vehicle from a private owner, or going to flkea markets and different other places that only accept cash. I don't think these people are going to go out and spend hundreds, if not thousands of dollars to buy a credit card machine to let someone swipe a card through it to sell a car every once in a blue moon. That would be extremely impractical. And many people do not want to accept personal checks for large amounts. Also, I have been told that cash still has at least two generations left, however, I still believe that, as long as people exist, cash in the form of coins and banknotes will thrive as well.

This.


I think, after the cent has been gone a while, it will be easy to issue a new five cent coin in a different (smaller) size and material to reduce cost.

Regardless, even if you got rid of the nickel, two dimes can do the job of a Twenty Cent coin, just as two quarters have been doing the job of the half dollar. Awkward, maybe; impossible, no.