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Another "Get Rid of the Lincoln Cent" Thread
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<p>[QUOTE="John Burgess, post: 7578791, member: 105098"]the U.S. doesn't really demonetize, it will "discontinue" coins though and they slowly disappear in circulation though. I think the trade dollar was demonetized for a period of time, and they did at some point demonetize foreign currency use in the united states, when the money supply was adequate, but as far as I know they just stop making things and start picking them up and not delivering them to banks in order to make them discontinued over time. the $500, $1,000, $5,000, and $10,000 notes were discontinued in 1969, last printed in 1945 and not seeing much use. most all coins that were discontinued though had a specific use, like postage purchase, which became obsolete in commerce as the cost of postage went up. no coin denomination has been discontinued since 1889 though, and that was the 3 cent nickel. it's literally only been done when nobody is using it anymore which may be the case for the half dollar, but it's not the case for the cent.[/QUOTE]</p><p><br /></p>
[QUOTE="John Burgess, post: 7578791, member: 105098"]the U.S. doesn't really demonetize, it will "discontinue" coins though and they slowly disappear in circulation though. I think the trade dollar was demonetized for a period of time, and they did at some point demonetize foreign currency use in the united states, when the money supply was adequate, but as far as I know they just stop making things and start picking them up and not delivering them to banks in order to make them discontinued over time. the $500, $1,000, $5,000, and $10,000 notes were discontinued in 1969, last printed in 1945 and not seeing much use. most all coins that were discontinued though had a specific use, like postage purchase, which became obsolete in commerce as the cost of postage went up. no coin denomination has been discontinued since 1889 though, and that was the 3 cent nickel. it's literally only been done when nobody is using it anymore which may be the case for the half dollar, but it's not the case for the cent.[/QUOTE]
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Another "Get Rid of the Lincoln Cent" Thread
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