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 Replies: 17 / Views: 3,364 |
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Pillar of the Community
United States
6130 Posts |
Poll Question
Thinking forward to the next 20-100 years, which of the "normal" coins do you think is the most likely candidate to still be in circulation between 2030 and 2100+? The candidate coins that I've listed are the ones that either normally circulate at face value, or can easily be obtained for face value (nearly any bank will order boxes of half dollars, for instance). I did not include the 1- or 2-year commemoratives (2009 cents, 2004-2005 nickels), or designs introduced after 2000 that will most likely still be production into the 2020s or beyond (2006-Date nickels, Shield cents, ATB Quarters). In terms of design, I'm leaning toward the Roosevelt dime --it's been in constant production for nearly 68 years, and probably won't be redesigned in the foreseeable future. In terms of already-made coins, I'm leaning toward the Jefferson nickel--it has proven itself to be one heck of a durable coin, and about 0.5-1% of the circulating nickels are from 1959 or earlier. As long as 5 cents remains a useful amount of money, I don't see anyone hoarding the 1960-2003 nickels, even 50 years from now. What do you think?
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Pillar of the Community
United States
950 Posts |
I think that quarters will be the front runner here.
As inflation continues all coins will be less useful so since quarters are the highest denomination that are used in every day comerce they should be the last ones worth using.
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Pillar of the Community
Canada
785 Posts |
I think Presidential dollar. If the is goes the way canada has done, all the cents will be gone, your nickels-halfs will be collected and melted by the government and replaced with the nickel plated steel Canada has now. Also all the other dollars are older so most likely the newest ones will stay in circulation the longest. |
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Bedrock of the Community
13014 Posts |
It'll probably be the nickel or the dime. Nickels seem to be searched the least and no one ever really seems to pay attention to the dime since it's the only thing that hasn't undergone changes. Heck the current dime may still be in production for part of your time frame.
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Moderator
 Australia
16810 Posts |
Inflation will render the cent and nickel obsolete before your timeframe begins. I doubt you'll be able to obtain either for face value by 2030. The dime and quarter will be pretty much worthless by then, too.
So I voted dollar.
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
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Moderator
United States
187894 Posts |
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Pillar of the Community
United States
899 Posts |
I think the obvious answer is the penny... since it appears they'll never get rid of it.
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Pillar of the Community
Canada
2805 Posts |
Also going with dollar.
1987 loonies are looking pretty ugly in circulation already, though, and have been replaced with a plated-steel dollar with the same size and design.
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Pillar of the Community
 United States
6130 Posts |
I'm not sure I agree that the government is actually going to pull the cents and nickels out of circulation. The copper cents would be worth the effort to melt down, but the most likely scenario would be that they lift the ban on melting them. I'll admit that I personally have a good 60 pounds set aside for when that day arrives. Still, this is the government that never actually pulled the Half Cent from circulation; I recall hearing somewhere that the more plentiful designs continued to circulate for several decades past their discontinuation. And, keep in mind that the cent and nickel will continue to circulate until the government steps in to pull them, or the public refuses to accept them. After all, we're not talking about a few million coins like the total population of the Half Cent or Three Cent coins. The 1964 nickel alone is present at a rate of about 1 per roll, and if I remember correctly the 1982 penny had a mintage figure of around 12 billion. I just don't see how it would make any economic sense to round up that many coins. |
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Moderator
United States
187894 Posts |
Quote:
I think the obvious answer is the penny... since it appears they'll never get rid of it. Zing!  |
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Moderator
United States
187894 Posts |
Quote:
I'm not sure I agree that the government is actually going to pull the cents and nickels out of circulation... the cent and nickel will continue to circulate until the government steps in to pull them, or the public refuses to accept them. I agree. They will stop minting them and let use do all the work of removing them, however long it takes (some say months, others say years). I have no problem with that.  I still think they should quietly stop minting them and let the general public figure it out on their own.  |
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Bedrock of the Community
13014 Posts |
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The copper cents would be worth the effort to melt down, but the most likely scenario would be that they lift the ban on melting them. I doubt theyll ever lift the ban on melting them, they just simply have no reason too. They can just tell banks to send them in for the government to melt and make the money. They generally dont like other people making money off their work which is what it would be especially since if they did stop the penny they would still let it run free in the wild to lessen the shock of the change. Really though the most likely is that they would probably do absolutely nothing. Just let them circulate if theyre going too while leaving a melt ban in place. SBAs and Ikes can still circulate if people want them too so I dont see why it would be any different with anything else. I mean if you really wanted to you could probably go out and spend a Half Dime or 20 cent piece too, theres no law that I know of preventing that. |
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Pillar of the Community
United States
1748 Posts |
Nalaberong is right on the 1987 loonies. They are beat to heck, but are still doing the job nicely. They have mostly survived up until the ARP...which is sadly now withdrawing them from circulation. I voted Washington quarters 1965-1998. I still regularly get 1965's now almost 49 years later. I think we will still see them in 2065, unless we have a composition change. They will be the last fractional coin rendered useless by inflation. Keep in mind we may also become a cashless society in the next 20-30 years as well. Edited by DoubleEagle20
12/19/2013 01:06 am
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Pillar of the Community
United States
2734 Posts |
If the Consumer Price Index continues rising at the general rate of the last 100 years, the current Cu-Ni Quarters and Dimes will be worth face value in metal content somewhere around year 2060.
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Pillar of the Community
United States
2651 Posts |
Once the zombie apocalypse occurs they all will be out of circulation. :)
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Pillar of the Community
United States
1748 Posts |
Sounds about right, DNA. From the early 1950's to now, we literally have slid over one decimal place on prices. The dime is literally the new one cent coin and it's mintages prove it. I can see a US currency system resembling the Japanese one in 2060. The lowest coin will be $1. Fractions of a dollar simply won't be used anymore.
Edited by DoubleEagle20
12/19/2013 8:52 pm
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Replies: 17 / Views: 3,364 |
Posted 12/17/2013 3:57 pm
