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Message:: [QUOTE="cladking, post: 807130, member: 68"]Yes, you could get rid of the nickel and round to the nearest dime but that makes 50 billion quarters that cost 4 billion dollars to make obsolete and superfluous.  They have to be destroyed at ab loss to the economy.  You could round to the nearest quarter but people would jump al;l over this to take advantage of sellers or customers since it's not fine enough and it would make 50 billion dimes obsolete. To not waste all this money we need a nickel.  But we need one that costs far less. Maybe I should have phrased it differently.  You seem to imply in your first post that there are decades old stashes of clad sitting in people's houses and this simply isn't true.  There are billions of coins sitting in peoples' homes but about 99.5% of each of of these has been sitting there for less than three years.  Almost all the rest have been there less than ten years.  If people normally keep 10 billion coins around the house then when things slow down many people will turn in their coins more frequently and there will be only five billion quarters around peoples' houses.  But these coins are  still all less than three years old.  They are what was circulating three years ago. There aren't the kind of unworn quarters like were circulating 10, 20, 30, or 40 years ago.  They aren't decades old hoards, they are three year old hoards and less.[/QUOTE]