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 Replies: 52 / Views: 6,541 |
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Rest in Peace
10197 Posts |
Quote:
This actually makes a lot of sense Isn't this the problem, too many cents?  |
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Pillar of the Community
Russian Federation
5173 Posts |
IIRC, the nickel is still being made to the same specifications as when it was originally introduced in 1866 (over 150 years ago). Few other coins, of any country, can claim this sort of continuity (actually I'm not sure if there are any, except perhaps some ducats and thalers). [Yes, I'm aware of War Nickels. They were a brief discontinuity, and production returned to the 1866 specifications after the war. Even then, I still can't think of any other remotely equivalent examples, from any country.] So if you want to do something to the nickel, either do something really drastic (I dunno, make it into a yellow-colored coin as wide as a cent and as thick as a dime, like a Russian 50 kopek) so that the break with its heritage will be obvious, don't do anything (my favorite option), or just remove it entirely (might as well get rid of the dime as well, dimes and quarters just don't go together as lowest denominations). |
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Moderator
 United States
188527 Posts |
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Someday an anthropologist will hold up a zinc cent dated in the 2020's and tell his class that its existence shows the reason for the collapse of our civilization.
The coin will then crumble in his fingers.  Of course, I am all for this legislation. |
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Valued Member
United States
112 Posts |
A redesign is long overdue! Perhaps to coins that pay homage to
the great coins of 1917. Coins that uplift and unify by representing
what we are supposed to stand for as a nation.
Since I enjoy collecting cents I would miss it. I don't like dollar coins
because they are either too big and heavy, or too close to a quarter.
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Valued Member
United States
110 Posts |
Jarden Zinc Products supplies the planchets for the penny and spends thousands of dollars to prevent the elimination of the Lincoln Cent. This is a frequent topic. So here is my thinking wishful. Get rid of the cent and the half dollar. Redesign the rest. It will save the country money and revitalize the coin collecting hobby. |
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Pillar of the Community
United States
3077 Posts |
kill the nickel make the dime copper and add a $5 coin and price every thing to the tenth
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Pillar of the Community
United States
937 Posts |
So the dime becomes the new cent, the dollar becomes the new dime. Where have I seen this before? Je sais, la Quatrième Republique Française. Vive la France!
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Bedrock of the Community
United States
17884 Posts |
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Anyone know if this passes, would it become legal to melt pennies for copper, or are they unrelated? If it were to pass the cent would disappear from circulation (They don't think it will but it will be long gone before their ten year hiatus ends) and then after awhile the melting ban will probably be repealed. That's what happened with the silver coins. Once they were gone from circulation and melting them wouldn't cause a coin shortage where they would have to replace them, they lifted the ban on melting silver coins. Quote:
but why the relatively minor change to the nickel? Just changing the composition from 75/25 to 80/20 is not going to make a big difference, The problem is the nickels are still used in vending machines. AN 80/20 nickels would probably still work, but if you did something like switching to say nickel plated zinc or nickel plated steel you would probably have a whole lot of machines, if not most of them, that would take one or the other , either the old nickels or the new nickels but not both. Quote:
IIRC, the nickel is still being made to the same specifications as when it was originally introduced in 1866 (over 150 years ago). Almost, the diameter was changed slightly in but the specs are the same since then. |
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Pillar of the Community
United States
2271 Posts |
There's a simple solution for the nickel.
Demonetize them. Issue a new nickel just like the current one in aluminum. When the penny is withdrawn force the small dollar into circulation and people won't need a nickel to make vending purchases. The machines will still be able to dispense nickels for change, simply not to accept them.
Withdraw the old nickels and cents and the value of the metal in these will not only pay all the costs of the conversion but the conversion will save us billions every year. They can lift the melting ban almost immediately after they start withdrawing the coins.
Time don't fly, it bounds and leaps.
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Valued Member
United States
142 Posts |
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Demonetize them. Issue a new nickel just like the current one in aluminum. When the penny is withdrawn force the small dollar into circulation and people won't need a nickel to make vending purchases. The machines will still be able to dispense nickels for change, simply not to accept them. I don't know if it'd work for machines to dispense change that they don't accept (nickels would have to be replenished by an outside source daily). There'd also be questions of the morals of it. Especially since they'd be demonetized. On top of this, I don't think that the vending groups would mind having to round up the cost of products a few more cents if we just got rid of the nickel... |
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Pillar of the Community
United States
7620 Posts |
Reasons it won't advance: 1) zinc lobby, 2) nickel lobby, 3) BEP printer's union lobby, 4) speciality paper company lobby.
Believe me, that is enough to do it under.
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Pillar of the Community
United States
4211 Posts |
It would get my vote but these lobbyists are not going down without a fight.
I hope they will pass this sooner rather than later.
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Pillar of the Community
United States
7620 Posts |
If by chance it got out of the House and Senate Trump Would veto it because "it's a job killer"...(not to mention his friends in the mining industries would be losing money!)
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Pillar of the Community
United States
1068 Posts |
I don't see why they don't get rid of both the Cent, Nickel, and the Dollar bill. They cost more to mint than their worth and it would open up three slots for the dollar coin, half dollar, and two dollar bills...
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Moderator
United States
188527 Posts |
The nickel needs to go, too. Changing its composition while placating the vending industry is futile. By the time they finally figure it out it will be too late, just as it is way too late for the cent.
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Replies: 52 / Views: 6,541 |
First Page
Posted 03/31/2017 8:55 pm
