What's the Correct Denomination for Coins?

Inertia, and the collector market.

We're discussing circulating denominations. Dollar coins haven't been issued for circulation since 2011; halves haven't been issued for circulation since 2001.

 

Log in or Sign up to hide this ad.

Yes but the NIFC halves are in circulation.
People buy bags of them looking for a couple of super high grades,
and dump the rest at face value at their bank.
In every box of half dollars, are a number of NIFC's.

 

People dump Morgans and ASEs at banks, too. I don't really consider that "circulation", because they don't go back out to ordinary customers in ordinary "give me $xxx.xx" transactions.

 

That's a stretch and a poor analogy.
You want to keep arguing, you win.

 

Eliminate cents, nickels, dimes, etc. New coins are units of copper, silver and gold.

 

In a "Cent-less" society, quantities would adjust to compensate. Fair price discovery always happens in an efficient market.

 

I miss the days when you could buy dollar coins (free S&H) at face value on your points card.

You could walk them from the post office to the bank next door, get your money back, and do it all over again. You might even get the same box of coins after the bank returned them to the Mint.

Lol...it got the coins circulating!

 

I very misleading graph. The vertical scale should start at zero.

 

I did quite a lot of this, but I actually put them into circulation instead of getting money out of the bank.

 

Not regularly like Kennedys and Dollar coins. Michael is absolutely right that those NIFC issues end up at banks/coinstar ect as the easiest way to dispose of rejects looking for high grades.

 

I would have to disagree, because I think it shows the theft of our purchasing power by inflation quite clearly. Also notice that the rampant inflation of the 70's was only slowed around 82-84, around the same time they devalued the cent and raised interest rates, what a coincidence. It's also apparent on the chart that recessions happen at regular intervals, why's that? and when can we expect the next one? And I wonder, if they double the money supply, should we really be surprised that the cost to produce the smaller denominations goes up a 100%?

 

I disagree with your use of the active verb "theft." It implies agency where there is none.

 

If you believe that I will sell you the use of an igloo in Death Valley.

 

Nuclear weapons, strongest military in the world by far. As long as the military might is there currency always has and always will stand.

Rome is a terrible comparison. Disease was what brought them down mostly, and over extending themselves. British well we can take credit for that

 

Stop it! You're killing me!

Inflation is a consequence of policy, as are stagnation and deflation. Which would you prefer?

 

Ahhh, but they say Canada devalued their currency and it went okay (they fell for one of the oldest tricks in the book), I wonder how that really turned out, from zerohedge.
Half Of Canadians Have $200 Or Less In Savings
"More than half of Canadians are living within $200 per month of not being able to pay all their bills or meet their debt obligations. It gets worse: a whopping 31% of respondents said they already don’t make enough to meet all their financial obligations".

 

[Edit: refocusing away from politics]

Nearly 7 in 10 Americans Have Less Than $1,000 in Savings, New Study Shows

Rats.

Something tells me it's not the presence or absence of circulating one-cent coins that ensures financial security.

 

How many businesses do you see nowadays that DON'T have electronic/computerized cash registers? I see VERY few that are still using mechanical ones.

 

If policy is not agency then what is? Actually, I would prefer no inflation, deflation or stagflation. Just honest money.