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$1 US coins, do we need a $2 coin?
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<p>[QUOTE="Doug21, post: 1048321, member: 5650"]The cent is really meaningless. I'm surprised Canada still has it. </p><p><br /></p><p>When the half-cent was canned in 1857 it must have had at least the purchasing power of a dime today, so it was probably like having the modern quarter as your smallest denomination ( ?).</p><p><br /></p><p>25 cent increments would be too large today, but 5 cents is fine. We could still price stuff in cents ( like a can of peas is 87 cents) just round off the total of the everything purchased.</p><p><br /></p><p>Actually shouldn't there enough post 1982 cents around to last a few decades if we just stopped making them entirely ? There must be hundreds of them for every citizen ! If the mint strikes 10 billion a year ( isn't that about right ?) that's like 30 for every person every year. There should be enough so every person has a can with a 1,000 pennies in it, already, and that's just the zinc ones.</p><p><br /></p><p>Where do they all go ?</p><p><br /></p><p>in the trash or something ?[/QUOTE]</p><p><br /></p>
[QUOTE="Doug21, post: 1048321, member: 5650"]The cent is really meaningless. I'm surprised Canada still has it. When the half-cent was canned in 1857 it must have had at least the purchasing power of a dime today, so it was probably like having the modern quarter as your smallest denomination ( ?). 25 cent increments would be too large today, but 5 cents is fine. We could still price stuff in cents ( like a can of peas is 87 cents) just round off the total of the everything purchased. Actually shouldn't there enough post 1982 cents around to last a few decades if we just stopped making them entirely ? There must be hundreds of them for every citizen ! If the mint strikes 10 billion a year ( isn't that about right ?) that's like 30 for every person every year. There should be enough so every person has a can with a 1,000 pennies in it, already, and that's just the zinc ones. Where do they all go ? in the trash or something ?[/QUOTE]
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$1 US coins, do we need a $2 coin?
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