Don't tell the current administration that there's something so un-American about the currency: they will insist on fixing it, and probably retire Jefferson as well.
Fun fact: While the US spent more than 3 cents for every penny minted and distributed, it spends about 14 cents for every nickel minted and distributed!
When they decided to stop minting pennies I think they should have gotten rid of nickels and (I know this will be controversial) quarters as well!
Keep dimes and ramp up production of half dollars. Then we can just drop the second decimal place and standardize pricing everything in 0.1 dollar increments.
The fact that quarters are still somewhat commonly used in machines (vending machines, parking meters, laundry) is probably the biggest practical obstacle.
I, for one, look forward to the new 5oz "Donald Trump Freedom Nickel". Probably resulting from a deal he did with the Big Trousers lobby groups to wear out coin pockets faster.
(I would have made a gag about a 7g replacement nickel, but you people have already used up the team "quarter" for different denomination. Although the idea of a new 40 cent coin called an "eight ball" amuses me...)
Don't tell the current administration that there's something so un-American about the currency: they will insist on fixing it, and probably retire Jefferson as well.
Fun fact: While the US spent more than 3 cents for every penny minted and distributed, it spends about 14 cents for every nickel minted and distributed!
When they decided to stop minting pennies I think they should have gotten rid of nickels and (I know this will be controversial) quarters as well!
Keep dimes and ramp up production of half dollars. Then we can just drop the second decimal place and standardize pricing everything in 0.1 dollar increments.
The fact that quarters are still somewhat commonly used in machines (vending machines, parking meters, laundry) is probably the biggest practical obstacle.
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Which is pennies compared to the amount of economic activity that those pennies facilitated.
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I mean really, everything smaller than a quarter should go.
Erasing small coins will be an interesting race between inflation and electronic payments.
I’m in New Zealand and haven’t had a wallet in a decade, never using cash.
Theoretically one should carry a drivers licence when driving but it’s never come up and I have a photo of it thats worked with police before.
I, for one, look forward to the new 5oz "Donald Trump Freedom Nickel". Probably resulting from a deal he did with the Big Trousers lobby groups to wear out coin pockets faster.
(I would have made a gag about a 7g replacement nickel, but you people have already used up the team "quarter" for different denomination. Although the idea of a new 40 cent coin called an "eight ball" amuses me...)
And $20 in dimes or quarters is 1 lb. US silver coins are 0.2268 grams per cent.