Death to Pennies

Discussion in 'Coin Chat' started by Melina, Feb 17, 2012.

  1. Drago the Wolf

    Drago the Wolf Junior Member

    There would be FIVE denominations: A dime, a fifth (20 cent piece, because we would also eliminate the quarter and bring the fifth back in its place, enabling us to get rid of the nickel), a half dollar, a $1 coin, and a $2 coin. ;)

    (Maybe even a $5 coin as well. :devil: )
     
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  3. quartertapper

    quartertapper Numismatist

    I'd have to say Drago, that the vending machine companies would be pulling their hair out in this scenario!!!
     
  4. C Jay

    C Jay Member

    Move the decimal point. The cent and nickel remain viable (less to mint than face value) while reducing the currency by 90% which makes the dollar coin savings look like a drop in the bucket. The money will have 10 times the purchasing power, so in essence, all things will remain equal.

    You will also get your $1.00 coin (dime), $2.50 coin (quarter), and $5.00 coin (half dollar). Cokes and candy bars will cost a dime instead of a dollar, and any vending machine should be able to re-price without being sent to the shop.
     
  5. quartertapper

    quartertapper Numismatist

    Oooh, I like the sound of that... my Kennedy Half Eagle collection. I feel a little richer now!
     
  6. C Jay

    C Jay Member

    I didn't say there was no self interest involved for us coin collectors :devil:
     
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