| Author |
 Replies: 30 / Views: 3,615 |
|
New Member
Australia
45 Posts |
The USA once had so many varieties in its coinage, particularly in the late 19th century, so this is my idea of redesigning the current coinage. 1. Ditch the penny 2. The nickel retains the same size and shape, but it will have Lady liberty (similar to the one in Mercury dime, but without wings) on the obverse and the classic buffalo on the reverse. 3. The dime has the seated liberty on the obverse like in this pattern coin https://sep.yimg.com/ca/I/uspatterns_2270_36665103 , I'd prefer the breast to be exposed tho! the reverse depicts the Liberty Bell. 4. The quarter depicts an Indigenous face, but this time an actual person, Sitting Bull on the obverse. https://en.wikipedia.org/wiki/Sitting_Bull, the reverse shows a grizzly bear, similar to the one in Canadian coin. 5. The Half dollar portrays Martin Luther King, Jr. on the obverse with a flying bald eagle holding an olive branch on the reverse. Before going into dollar coins, it is assumed that the production of the one-dollar bill has been ceased. 6. The one-dollar coin will have the shape and size of an Australian 50 cent coin (slightly bigger than the half dollar, but not as big as ikes), portraying standing liberty, similar to the US administered Philippines peso https://en.numista.com/catalogue/pieces4634.html and a full seated portrait of Abraham Lincoln on the reverse https://farm8.staticflickr.com/7312...28d50a_k.jpg7. A bimetallic $2 coin the size of half dollar, featuring Morgan on the obverse with the image of George Washington crossing the Delaware River on the reverse. *** Moved by Staff to a more appropriate forum. *** |
|
|
|
Moderator
 United States
188213 Posts |
Interesting ideas.   Number 1, for sure, ditch the cent.  The nickel really needs to go as well, but that pesky quarter makes that difficult.  |
|
Rest in Peace
United States
18456 Posts |
Good luck in getting that passed through the proper channels .  |
|
Pillar of the Community
United States
2023 Posts |
Counter:
1. Ditch the penny.
2. Change the composition of the 5-cent piece to something cheaper and lighter.
3. Fixed designs with no real people on any of them, except...
4. Use the half dollar for circulating commemoratives and programs like Statehood or Innovation.
5. Bimetallic dollar and maybe two-dollar pieces, like the Euro has.
6. "Liberty" and the year on one side, "United States of America" and the numerical denomination on the other. Simple and clear.
Specific design/theme possibilities are too numerous to consider.
|
|
Bedrock of the Community
United States
17884 Posts |
1. No objection
2 & 3. I'm against recycling old designs or parts of old designs. Changing the composition of the 5 cents is something they have been studying for about 9 years now. They do have a couple of possibilities, and they would reduce the cost to about 4.9 cents apiece. So basically a holding action that will probably become pointless in another year or two. Probably better to just drop the coin.
4. No depictions of actual persons. When it comes time to change them it always becomes politically difficult to do so. There is always some special interest group lobbying to keep them there.
5.I agree with Alpha that the half dollar would make a good canvas for an annually changing commemorative. This CAN have actual people because since it is defined as changing annually there is no political problem. The problem here though is that since the coin doesn't circulate no one is going to see these commemoratives, and a commemorative that no one sees doesn't really commemorate anything. It just becomes a vehicle to drain money from coin collectors.
6. Discussion of larger denomination coins is really moot unless the corresponding paper notes are discontinued
Edited by Conder101
05/12/2020 12:55 pm
|
|
Pillar of the Community
United States
1667 Posts |
1. Why?
2. Nickel Will be ditched next if you start down that road.
3. Same thing eventually for the dime. won't need it.
4 Same as above, what's the point of change at all, just get rid of it all and round everything up to the nearest dollar, it's good for business, and heck, thats why we are here to feed businesses!we are the consumers of products, they are the consumers of currency, they could take a line of computer code as long as it translates to money in their bank accounts.
5. half dollars aren't used, 1000% kill it.
6. dollar coins aren't used, 1000% kill it.
7. no, the 50 cent and dollar coins don't get used, neither will a $2, a $5 or a $10 or a $20 coins.
8. with all this rounding up to kill off coins in total, well, lets just continue onward with the bills also, most people use cards and apps now anyways, no need for any circulating currency except for the black market, and people can use silver and gold for that.
Now I am a coin collector, and it rattles my nerves that people say get rid of the cent, while we been slugging around halves and dollar coins since the 80s that never get used.and rarley got used pre 1980s even.getting rid of the cent leads to getting rid of the nickel since it becomes the new cent. then that leads to getting rid of the dime ect.
now, I'm for keeping coins exactly how they are, not getting rid of any of them. What we lose making the penny and nickel, we make up for making the quarter. it's not a profit making endeavor really, the change is needed for commerce so who cares what it costs to make them really as long as it's not all at a loss. As far as the designs go....
yeah,,,,, ya know, one side could have a huge waving flag, and the other could say "'MURICA!" and have an aircraft carrier, a tank, a jet, and a ballistic missile, all in one drawing, maybe with a Monster Truck crushing it all and a little dude hanging an arm out the window with a can of bud light, and I'd be just fine with it. They could put that on every denomination in fact!
|
|
Pillar of the Community
United States
5772 Posts |
And why should there be any coins used or needed? Ditch 'em all! And since we're on the subject why not just do everything from our phones using Bitcoin or such? Better yet, why not just implant a chip so we don't have to worry about losing the phone. Then we won't have to worry at all anymore. Everything will be perfect! (You shouldn't have picked on the "lowly" cent. Some of us are touchy and protective especially after Canada bailed.    ) EDIT: What Bigkingdom said. Words of encouragement are one of the major food groups.
We need to consume them regularly to thrive and grow.
Edited by Petespockets55
05/12/2020 2:35 pm
|
|
Moderator
United States
188213 Posts |
Quote:
1. Why? Quote:
You shouldn't have picked on the "lowly" cent. You know the cent is worthless when this is worth more than a cent.  |
|
Pillar of the Community
United States
5772 Posts |
Quote:
You know the cent is worthless when this is worth more than a cent.  Never. At least we can "chain" them together and buy a piece of gum. Or use them as an anode on an outboard or hot water heater! Let's see someone try that with a chain of those PL70's.(Plastic Like) Words of encouragement are one of the major food groups.
We need to consume them regularly to thrive and grow.
Edited by Petespockets55
05/13/2020 06:44 am
|
|
Bedrock of the Community
United States
19150 Posts |
Morgan Freeman, or Morgan Fairchild?
|
|
Pillar of the Community
United States
4846 Posts |
I think you will have a hard time convincing anyone to get rid of designs that depict some of the most beloved presidents though I do agree that our coins are due for a bit of a face-lift. I believe every coin we have issued is running the same design on at least one side for the longest period of time since we've been making coins wit the the exception of the dollar coin and it's not even close.
Edited by Adam_E
05/12/2020 9:42 pm
|
|
Valued Member
United States
136 Posts |
The One Cent coin needs to go but it will not happen any time soon. There are too many Federal, State, and Local taxes that would be affected. It is doable but might not be worth the time, effort and money.
|
|
Pillar of the Community
Canada
2781 Posts |
Quote:
The nickel really needs to go as well, but that pesky quarter makes that difficult.
if the nickel goes, so does the quarter... round everything up. 10 cents (let alone a cent or nickel) doesn't buy anything anyways. 10, 20, 50, and 100 cent ($1) coins. re-introduce the $2 bill being from Canada, we saw the 1 dollar and 2 dollar bill get replaced by coins in 1987, and the world didn't come to an end... although the exotic dancers weren't all that thrilled... it's not easy tucking a crown sized coin into a G-string  Quote:
It is doable but might not be worth the time, effort and money. but minting a cent that costs 2.2 cents to make is? Edited by Wade
05/12/2020 10:45 pm
|
|
Pillar of the Community
United States
2271 Posts |
I like it but the nickel has to be revamped.
Change it to aluminum the same size and pay for the conversion by recalling and melting the old nickels. After a few years greatly reduce its size to a little bigger than the current penny but a little thinner.
The dollar coin must be included.
Time don't fly, it bounds and leaps.
|
|
Bedrock of the Community
United Kingdom
17927 Posts |
Fascinating discussion!
As an Englishman I've always considered the USA to be a trend-setting, innovative country whereas my homeland is more stick-in-the-mud and steeped in tradition. Yet someone coming back to the USA after 50 years would have no trouble spending the coins and currency they brought back from their previous visit, but in the UK not a single coin or note from 1970 is still legal tender. We changed to decimals in 1971 and have since added new denominations, reduced the size of others and we redesign our banknotes every 15 years or so. The same goes for most of Europe. Spain introduced a completely redesigned coinage and new banknotes between 1982 and 1989 only to see them all replaced by the Euro in 2002. Yet people seem to cope, slot machines get changed and the country doesn't fall apart...
|
|
Moderator
United States
188213 Posts |
Quote:
... Or use them as an anode on an outboard or hot water heater... Funny you mention that, because at face value, using some cents is a lot cheaper than buying proper hardware!  Quote:
The One Cent coin needs to go but it will not happen any time soon. There are too many Federal, State, and Local taxes that would be affected. I have to say this every time, this is not how taxes work. It is percent, not per cent. There are municipalities near me with an 8.5% sales tax that works out just fine without a Half Cent! Proper rounding evens it out. |
| |
Replies: 30 / Views: 3,615 |
Posted 05/12/2020 10:53 am
