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Coin Composition Changes Proposed Yet Again, but Now in Obama’s Budget
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<p>[QUOTE="GDJMSP, post: 806999, member: 112"]The $1 bill is a detriment because it cost us a fortune to make them. They last about 18 months at best while the $1 coin last approx 30 years. So they need to do away with the $1 bill and use the $1 coins.</p><p><br /></p><p>The nickel is a detriment because of its cost. Until the economy took dump it cost us aprrox 7 cents to make every nickel. When things pick back up, it will again.</p><p><br /></p><p>Anything can be rounded to the nearest denomination and it doesn't matter what that denomination is. In the end it will cost the consumer no more and no less as it will all average out. So doing away with the cent and the nickel is the wisest choice.</p><p><br /></p><p>Of course it will not happen any time soon. Nothing that actually makes sense every happens anytime soon because people fail to believe in mathematics and instead trust their emotions. Which is the absolute last thing anyone should ever trust.</p><p><br /></p><p>And clad, I agree that the niclels, dimes and quarters exist in far smaller numbers than the cents - sitting in people's homes. But there are far more of them out there than you think. I know this from personal experience. But beyond that, recent events back it up. Otherwise mintages across the board would not be down as much as they are.</p><p><br /></p><p>The coins have to be coming from somewhere buddy - and it's from jars and bowls in people's houses.[/QUOTE]</p><p><br /></p>
[QUOTE="GDJMSP, post: 806999, member: 112"]The $1 bill is a detriment because it cost us a fortune to make them. They last about 18 months at best while the $1 coin last approx 30 years. So they need to do away with the $1 bill and use the $1 coins. The nickel is a detriment because of its cost. Until the economy took dump it cost us aprrox 7 cents to make every nickel. When things pick back up, it will again. Anything can be rounded to the nearest denomination and it doesn't matter what that denomination is. In the end it will cost the consumer no more and no less as it will all average out. So doing away with the cent and the nickel is the wisest choice. Of course it will not happen any time soon. Nothing that actually makes sense every happens anytime soon because people fail to believe in mathematics and instead trust their emotions. Which is the absolute last thing anyone should ever trust. And clad, I agree that the niclels, dimes and quarters exist in far smaller numbers than the cents - sitting in people's homes. But there are far more of them out there than you think. I know this from personal experience. But beyond that, recent events back it up. Otherwise mintages across the board would not be down as much as they are. The coins have to be coming from somewhere buddy - and it's from jars and bowls in people's houses.[/QUOTE]
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Coin Composition Changes Proposed Yet Again, but Now in Obama’s Budget
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