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Coin Composition Changes Proposed Yet Again, but Now in Obama’s Budget
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<p>[QUOTE="GDJMSP, post: 809192, member: 112"]You don't round up all the time - you round up half the time and round down half the time. Again - I thought what I said was pretty clear.</p><p><br /></p><p>For anything under 6 cents you round to 0 cents - that's down</p><p><br /></p><p>For 6 cents to 10 cents you round to 10 cents - that's up </p><p><br /></p><p>For 10 cents to 15 cents you round to 10 cents - that's down</p><p><br /></p><p>For 16 cents to 20 cents you round to 20 cents - that's up</p><p><br /></p><p>For 20 cents to 24 cents you round to 20 cents - that's down</p><p><br /></p><p>For 26 to 30 cents you round to 30 cents - that's up</p><p><br /></p><p>For 30 to 35 cents you round to 30 cents - that down</p><p><br /></p><p>It carries on progressively from there with half of the transactions up and half down.</p><p><br /></p><p>And even regarding the tax issue - there is no hidden tax. Half the the time the state wins and half the time they lose - just like everybody else.</p><p><br /></p><p>Rounding works folks- and it doesn't cost you any more than exact change does.</p><p><br /></p><p>As for making a cheaper nickel clad - what exactly could you make out of that would be cheaper ? By the time you add in the production costs, it's pretty dang tough to make anything for a nickel. And with costs increasing, it won't be long until you are right back in the same boat we are in now. That's the entire reason for getting rid of it. </p><p><br /></p><p>By getting rid of the nickel, the problem is solved for some time. By changing composition you put a bandaid on the problem and have to fix it again in just a few years.[/QUOTE]</p><p><br /></p>
[QUOTE="GDJMSP, post: 809192, member: 112"]You don't round up all the time - you round up half the time and round down half the time. Again - I thought what I said was pretty clear. For anything under 6 cents you round to 0 cents - that's down For 6 cents to 10 cents you round to 10 cents - that's up For 10 cents to 15 cents you round to 10 cents - that's down For 16 cents to 20 cents you round to 20 cents - that's up For 20 cents to 24 cents you round to 20 cents - that's down For 26 to 30 cents you round to 30 cents - that's up For 30 to 35 cents you round to 30 cents - that down It carries on progressively from there with half of the transactions up and half down. And even regarding the tax issue - there is no hidden tax. Half the the time the state wins and half the time they lose - just like everybody else. Rounding works folks- and it doesn't cost you any more than exact change does. As for making a cheaper nickel clad - what exactly could you make out of that would be cheaper ? By the time you add in the production costs, it's pretty dang tough to make anything for a nickel. And with costs increasing, it won't be long until you are right back in the same boat we are in now. That's the entire reason for getting rid of it. By getting rid of the nickel, the problem is solved for some time. By changing composition you put a bandaid on the problem and have to fix it again in just a few years.[/QUOTE]
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Coin Composition Changes Proposed Yet Again, but Now in Obama’s Budget
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