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Collector Finds Some Mint Decisions Baffling

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n9jig's Avatar
United States
1001 Posts
 Posted 11/24/2015  1:01 pm  Show Profile   Bookmark this reply Add n9jig to your friends list Get a Link to this Reply
They could revalue US coinage without revaluing the dollar; just convert to "Eagle" coinage.

Keeping the dollar as it is valued right now, and instituting the "Eagle" as the main denomination would solve all the problems of the world. The Eagle, worth $10, would become the smallest paper currency produced. A new series of 6 coins, valued at 10c, 20c, 50c, $1, $2 and $5 (1/100th, 2/100th, 5/100th, 1/10th, 1/5th and 1/2 Eagle) would be introduced. While conceivably they could circulate along with current coinage we all know the current ones would disappear quickly so huge amounts of the new coins would have to be in place on "New Coinage Day".

Existing paper money would continue to circulate until it wears out and is replaced by newer issues with security and ADA compliance features.

While this of course is a pipe dream it would be a practical solution and give the US a chance to right-size its coinage, institute security and ADA compliance features and better designs. It would avoid the economic chaos of revaluing the basic currency of worldwide commerce. It would use denominations already recognized in statute (the Eagle).
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DavidUK's Avatar
United Kingdom
2624 Posts
 Posted 11/24/2015  1:46 pm  Show Profile   Bookmark this reply Add DavidUK to your friends list Get a Link to this Reply
I thought the State Quarters were a good idea, and I collected most of mine out of change (just filled in a couple of gaps when they came out after I got home) but then the ATB Quarters came and I feel devalued it all... the program feels like it will go on forever and this makes it not so exciting...

When they produce a special coin it is something special, but if they produce 100 special coins then none of them are special...

I also get what he says about all men created equal... the function of the mint was to serve the people - not the interests of coin dealers. If coin dealers can make business out of selling coins then all well and good but the mint doesn't owe them anything.

I generally agreed with the piece, I collect a bit of everything but modern stuff isn't really a big focus for me.
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jbuck's Avatar
United States
189767 Posts
 Posted 11/24/2015  3:01 pm  Show Profile   Bookmark this reply Add jbuck to your friends list Get a Link to this Reply

Quote:
They could revalue US coinage without revaluing the dollar; just convert to "Eagle" coinage.
Again, never going to happen.

"The Eagle is a plot to get us on a world currency! Derp!"

No, I do not believe that.

However, plenty will and among those are sitting representatives.

But seriously...

The simplest and cheapest solution is to just stop making cents (and nickels). No need for complicated/costly/controversial re-valuations or new denominations.
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