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 Replies: 20 / Views: 3,706 |
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Valued Member
United States
442 Posts |
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New Member
United States
12 Posts |
Depends on the metal content. If its 90% silver, I vote YES. If they make them out of plastic then what is the difference from now? it will just make them equally as worthless as a federal reserve note. no intrinsic value, which is probably exactly what they are going for
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Pillar of the Community
United States
1126 Posts |
 Back to 90%  And no more dead Presidents Back to Symbols of Liberty, Honor and Freedom Just My 2 Cents |
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New Member
United States
7 Posts |
Maybe a 99 cent piece since everything we now buy seems to be $x.99 ?
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Moderator
 United States
187629 Posts |
I voted no.
First of all, everyone can forget gold or silver. That will never happen.
We do not need to change anything, but we need to eliminate the one cent and five cent coins from circulation release (continue to make them for proof and mint sets only). These are the two coins that have negative seigniorage (and are the actual target for a new composition). All of the other denominations are fine as they are.
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Pillar of the Community
United States
594 Posts |
Quote:
I voted no.
First of all, everyone can forget gold or silver. That will never happen. Quote:
but we need to eliminate the one cent and five cent coins from circulation release (continue to make them for proof and mint sets only ^^Disagree I'd like to see you pay cash for something $1.06 then. You would have to give them $1.10 and lose 4 cents on the transaction. That could add up fast. |
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Valued Member
United States
460 Posts |
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Maybe a 99 cent piece since everything we now buy seems to be $x.99 ?  But who would be on the obverse...Sam Walton of course!! That is one of my biggest annoyances. That and taxes not being added into the price before checkout. Have anyone else notice that people would rather give up 5 pennies then 1 nickel? The nickel is probable the least used of the 1,5,10,25. Just my observation. |
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Moderator
United States
187629 Posts |
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I'd like to see you pay cash for something $1.06 then. You would have to give them $1.10 and lose 4 cents on the transaction. That could add up fast Wrong... First, transactions are rounded up or down, to the closest ten cent boundary. Your sales tax is already rounded to the nearest cent, it is not difficult. Second, electronic transactions will still be accurate to the cent. Third, businesses will eventually round all cash transactions down as an incentive and a competitive tactic. Also, they would not have to pay a percentage to the Visa/MC/etc. for the electronic transactions (the precedent being that many convenience stores and gas stations already offer cash discounts). |
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Valued Member
United States
277 Posts |
They aren't going back to silver and especially not going back to gold. I vote they go to whatever saves the government some money so we can cut the deficit and save some taxpayers money (as long as it isn't plastic, keep them metal any type of metal pls)
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Valued Member
United States
271 Posts |
The composition of coins is sure to change. Its not a matter of if, but when. I expect that Alum will most likely be the new metal of choice for cents and nickels. I think even ceramics may be a viable option. Although I don't expect we will get away from metal compositions just yet, reason being primarily retooling costs. That's my Two Cents.....actual value to be determine  |
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Valued Member
United States
89 Posts |
That would be sooo sweet if they went back to 90% silver :D
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Moderator
United States
187629 Posts |
The only way they could return to silver is if they revalue the dollar. That would have the same affect as eliminating every current denomination below five dollars now, considering a 90% silver dime is worth almost $2.50.
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Bedrock of the Community
United States
20753 Posts |
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And no more dead Presidents
Back to Symbols of Liberty, Honor and Freedom
Just My 2 Cents
AAHHHhhhhh, truer words were never spoken. And by me the sales taxes are 10.25%. Now if you buy something for $1.00, you end up paying $0.1025 more. So how is this done? simple, your charged a total of $1.13. I wonder where all the excess goes. I voted no since I have a friend with a vending machine company. If they changed the metal or made coins from Plastic or something else, all his machines would have to be massively modified. So who pays for that? And I wonder how many other vending type machines would be effected. Ever go with a kid to those place full of all kinds of games that require coins? Publich transportation places too have machines to take your coins for fares. |
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Pillar of the Community
United States
842 Posts |
I do not consider paper money to be real money, but I must use it (to my dislike) because I can not carry around several pounds of coins to buy things.
If the government reduced our coinage to materials such as ceramics or plastic I would no longer recognize U.S. currency as having any value, or as a form of currency at all. Any ideas on what I could use for currency if this happens?
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Pillar of the Community
United States
565 Posts |
My thoughts exactly. I remember my father's vending machines. How he hated the price change in candy. It got to a point where the cost was so high to replace the coin mechanism he went out of business. |
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Pillar of the Community
United States
2661 Posts |
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Have anyone else notice that people would rather give up 5 pennies then 1 nickel? Yes I have! I pick them up at work every single day. I work with a bunch of kids fresh out of high school and immature men. They throw pennies at each other on both shifts, picked 4cents out of my machine just this morning. The more civilized ones will dump them on the break room tables for someone, mainly me, to pick up. I sometimes come home with as much as $1 in pennies that were thrown or discarded in the break room. When they asked what I do with them I tell them that they go in penny jug, It holds 15 liters of cents. |
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Replies: 20 / Views: 3,706 |
Posted 03/14/2011 8:34 pm
