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 Replies: 56 / Views: 6,543 |
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Pillar of the Community
United States
997 Posts |
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Bedrock of the Community
United States
20753 Posts |
I didn't read the article. Why bother? The Cent, Nickel, Dime, Dollar bill, etc. will be here for a long, long time. No matter what people say, the government does what they want. And changing our monitary system is just not a priority.
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Valued Member
United States
446 Posts |
As a coin collector, I hate the thought of getting rid of the cent and the nickel. Those provide more opportunities for old finds than the other denominations.
As an engineer, I see no real need for the cent and the nickel, and I'm not sure the dime is all that useful either.
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Pillar of the Community
 United States
997 Posts |
While this seems to come up annually, I too think it has a snowball's chance in Phoenix of passing given the current "Us vs. Them" climate in Washington. The coins used for the US dollar are all obsolete in their own way. While they were originally designed relative to the value of the metals used this is no longer the case so you have smaller coins worth more than larger coins. It is time to re-imagine US coins, and we should look at the Euro and Canadians for guidance. We have all been through this exercise before and have our own ideas of how to accomplish it but I think nothing will change until coins themselves are obsolete. That, my friends, is closer than we think and will reduce the Mint to producing bullion and commemoratives only. |
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Moderator
 United States
187776 Posts |
The government could hardly make anyone any more upset at this point, so the should just do it already and move on.
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Bedrock of the Community
United States
10045 Posts |
I love the venerable Lincoln cent--and should be retired with its dignity intact. First those horrible 'Zincolns', which won't last 50 years, then the cartoonish "Shield" type.  The cent has long outlived any real usefulness. Even the most conservative country on Earth in terms of its money, Switzerland, has long since retired their 1/100 coin. As Nike (and Jbuck) put it--"Just do it".  Edited by DVCollector
03/05/2014 3:20 pm
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Valued Member
United States
337 Posts |
I agree that the penny and probably the nickel are utterly useless in today's world but I'd be sad if the stopped making them cause there my two favorite denominations to search.
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Bedrock of the Community
 United States
12815 Posts |
[WASH....RINSE....REPEAT]
It's definitely a two-edged sword for us those that collect them...AND that think pragmatically about how things should work.
From the collector/non-pragmatic side, I think a couple years of alternate metal content would be kind of fun for the cent and nickel... one more twist in a long, storied history.
On the other hand, one or two years would be a huge waste of R&D money.
Ultimately I say just get rid of 'em. I'll still have fun filling the many holes in my Danso albums and upgrading. I seriously doubt that 2014 nickels and cents are the crowning jewels of anyone's collection anyway.
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Moderator
United States
187776 Posts |
As a collector, I have no problem with retiring both. The mint will continue to issue them for collectors (the cent in bronze, as they should). They would sell, just like the half dollars do now.
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Bedrock of the Community
United States
12815 Posts |
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Pillar of the Community
United States
1599 Posts |
I'm with jbuck, retire them and sell collector coins, however, if they want to cut the wasteful spending, I have some real suggestions for them.
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Valued Member
United States
368 Posts |
it would be a sad day for me, but I know it is the best alternative. it should go out in a blaze of glory, like commemorative last year cents and what not.
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Pillar of the Community
United States
651 Posts |
I like both denominations but is time to move on and kill these. There really needs to be an overhaul of the entire coinage system (size and denominations) but at this point I don't expect that will ever happen.
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Bedrock of the Community
United States
10045 Posts |
Quote:
There really needs to be an overhaul of the entire coinage system (size and denominations) That too...US coinage size is based on conventions from the mid 19th century!  |
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Moderator
United States
187776 Posts |
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...however, if they want to cut the wasteful spending, I have some real suggestions for them. I am sure we all can come up with a sizable list.  Quote:
it would be a sad day for me, but I know it is the best alternative. it should go out in a blaze of glory, like commemorative last year cents and what not. Hindsight, being 20/20, we could have killed the cent after the 2009 Bicentennial issues. The Westward Journey nickels would have been a good farewell, but probably would have been too soon (especially being before the cent). |
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Pillar of the Community
United States
1476 Posts |
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Replies: 56 / Views: 6,543 |
Posted 03/04/2014 9:13 pm
