My 2 Cents worth - A Centsible Proposal

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http://sungenis.com/?p=227
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Good read Paddy, but the cashier folks is confused enough with the current coinage.

I do like that two cent piece........

 

Cool article.

 

I don't like the idea of getting rid of the 1C piece. This country is full of opportunists. In a way, it's what makes our country great. People seeing a need for something and working to fill that need.

On the other hand, if we eliminate the 1C, then the rounding games begin. I for one believe the majority will round up. I know Canada eliminated their cent piece and they haven't had much of an issue, but Canadians are generally nice. We're not.

Heck look at all the hucksters trying to hood wink the unwary on Craig's list, eBay and the other general garage sale sites. Imagine those same people's behavior after the 1C piece got eliminated!

 

So true. You wouldn't believe how often I've had them not know what a 50 cent piece looks like.

 

I gave my waitress at Hart's Turkey Farm (restraunt) in N.H. 10 Kennedy's and she was thrilled. Her boyfriend collects coins.

 

Kennedy's? Probably my absolute least favorite coin.

 

The possibilities of a new series of errors. I'm all for it.

 

I ask my bank tellers to save them aside. I search for errors and then use for tips. I did use a few on the Mass. Pike last week, but the guy who took my fare was not impressed.

 

I agree. I lived in Australia for two years and they got rid of the penny years ago so they have the rounding issue. I noticed a lot of places always rounded up. This mostly happened with the smaller businesses. And when you paid with card they weren't supposed to round at all, but a lot of places still did. I brought this up to the aussies and in their characteristic manner they said "she'll be right." but it always bugged me and I'd hate to see that here.

 

Thinking of the Moose...I logged over 600 miles one day last week in N.H. trying to find my girlfriend a live one to photograph. Went all the way to Stewartson on the Vt./Canadian border then across the state to McGalloway Rd. on the Maine border. Talk about God's country. Eight miles in, eight out at 12/15 miles per hour and nothing.

 

As far as rounding issues, after they eliminate the cent, next it will be the nickel, etc. The fact is that contemplating rounding is a symptom of a big problem with a government's responsibility for the money supply to prevent inflation. IE: irresponsibly printing money. Please be against eliminating the cent...and be afraid, be very afraid if it happens.

BTW, about the two cent piece, "forget about it" and I really mean Forget About It.

 

Yeah, that's what Grand Pop called it........

 

I like it! Although I think the 1 cent will still be costly to make and will eventually have to phase out. Also, the dime is a really small coin and coins even smaller may have a problem with acceptance by the public. The folks who make coin sorting machines are going to hate this.
I would like to see the 2 cent. and with a 2 cent you can actually drop the penny and still get every price point except 1 and 3 cents (for example you can still have $0.09 by using a half-dime and 2 Two cent pieces.) and actually you can still exchange one cent if you want, a half-dime for 2 two cent pieces. Yes the 99cent store will be able to keep their name. Yes, folks are going to have to learn to count.... I'm ok with that. So no more "penny for your thoughts" but you can still give your "two cents worth"

to these I would add $1, $5, $20 and $100 coins.
$1 - coin copper like the one cent of old (PLEASE get rid of that silly gold look), smooth edge (and also PLEASE stop putting writing on the rim) diameter a bit larger than a current nickle, and thinner so that it does not weigh so much. I really think a lot of the objection to the current one dollar coin has been that people don't want the weight of 4 one dollar coins in their pocket in regular change.
$5 - coin copper like the one cent of old - larger than the new $1 but still smaller than the current quarter piece, half and half “interrupted edge,” (where the edge alternates segments of reeding as proposed for the half-dime in the linked article) [and as an aside, the return of Lady Liberty to the coin.]
The $20 and $100 made of coin silver. The silver coins small enough that the silver content is less than 25% face value so that they will have at least some life before they are worth hording.

 

of course "she'll be right" is usually said of something that isn't and won't be, or its already too late. But, no worries mate, she'll be right mate.

 

Very few want to believe this, but the rounding process is very simple. The price of individual items will not be rounded. There will still be prices in cents ($XX.99 for example). All items will ring up at their posted price and, whether you buy one item or one hundred items, only the total sale will be rounded, but only if you are paying with cash. Those payments made with checks, credit cards or debit cards will not be rounded.

So, if you pay cash, you might get as much as 2 cents taken off of your total bill or two cents added to your total bill.

Two cents either way is not going to bankrupt you or the country.

I can't believe that there are so many that can't understand this.

 

I been there good food!!

 

Patricks Pub in Guilford has good food also. I love their stuffed chops.

 

And they said the Toll road system in Chicago would only be around for 8 years to pay for the roads. Once that's done, they'll be gone. Not only are they still there 40+ years later, the fees are outrageous. On top of that, if you don't give them money upfront in the form of EZPass, you'll be charged double.

I get the concept. In theory it's nice. Reality is different.

 

Don't feel lonely on that, they said the same thing about the Mass. Pike.