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$1 US coins, do we need a $2 coin?
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<p>[QUOTE="Conder101, post: 1048735, member: 66"]Closer to 25 to 35 cents.</p><p><br /></p><p><br /></p><p>Believe it or not, if they stopped making cents today within a years time for all practical purposes they would all be gone from circulation. Since the cent tends to be used once or twice and then thrown in a jar, within a month or two we would start hearing about a cent shortage. Within three months there will be appeals for people to turn in their cents and shortly therafter banks and businesses will be paying a premium for them While this will bring some cents back on th market it will also tend to increase hoarding because the coins are "scarce" and in hope of getting even more later. Within four months business will be using pieces of candy or gum to make change. By six months business will be rounding all transactions without being forced to just because they can't get cents. By nine months the rounding practice will for all practical purposes be universal. Businesses will stop asking for cents and any that do come back to the banks will be returned to the Fed.</p><p><br /></p><p><br /></p><p>Right! Those girls have been dancing for dollar tips for a long time. Haven't you heard of inflation? Don't they deserve an increase to a two dollar tip?[/QUOTE]</p><p><br /></p>
[QUOTE="Conder101, post: 1048735, member: 66"]Closer to 25 to 35 cents. Believe it or not, if they stopped making cents today within a years time for all practical purposes they would all be gone from circulation. Since the cent tends to be used once or twice and then thrown in a jar, within a month or two we would start hearing about a cent shortage. Within three months there will be appeals for people to turn in their cents and shortly therafter banks and businesses will be paying a premium for them While this will bring some cents back on th market it will also tend to increase hoarding because the coins are "scarce" and in hope of getting even more later. Within four months business will be using pieces of candy or gum to make change. By six months business will be rounding all transactions without being forced to just because they can't get cents. By nine months the rounding practice will for all practical purposes be universal. Businesses will stop asking for cents and any that do come back to the banks will be returned to the Fed. Right! Those girls have been dancing for dollar tips for a long time. Haven't you heard of inflation? Don't they deserve an increase to a two dollar tip?[/QUOTE]
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