Gov. Seeking To Change Coin Compositions

My bank says they take in an average of $500 per week in the coin counter.They must be circulating around here because I'm in a very small town.

We always rounded to the nearest nickel. About three people asked about it in 27 years, and they weren't complaining.

When they stopped making them in 1857, Half Cents had the same buying power of 11¢ today. If the gubmint only had a brain, they'd quit making anything smaller than a quarter, instead of trying to figure out how to make 10 billion cents a year, or what kind of compressed garbage to make nickels from without losing money.

Anything paid for by check or plastic would still use cents.

Even the IRS is perfectly happy rounding to the nearest dollar, so it's basically anal that we worry about anything smaller than a quarter, which is two minutes at minimum wage.

Just wondering how long it will take to decide this question since Apr 4 has passed (the last day to submit comments on the subject.)

thats for sure!

I think the injection moulded plastic 1 cent coin is worth a discussion.

Australia has been circulating plastic banknotes since 1988.

I have read on the CCF that with QE, The U.S. is printing more 100 dollar bills than 1 dollar bills.

It takes 10,000 1-cent pieces to make up the value of a single 100 dollar note.

No one forges 1 cent coins, because they are of such little value.

^An aluminum coin would be much cheaper than copper.