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<p>[QUOTE="Conder101, post: 7850494, member: 66"]They won't have to do anything, prices will still be in odd amounts, ending in 9's for that psychological kick. 3.20 pounds of ground beef at $3.99 a pound is $12.77 with 7% sales tax is $13.66 which the register will automatically round to $13.65</p><p><br /></p><p><br /></p><p>It takes an act of Congress to change a coins design, or composition, or to authorized a new denomination or to eliminate a denomination. But the Federal reserve can decide on their own to simply stop ordering a denomination from the mint, in which case the mint stops making them for circulation. They did this with half dollars in 2002, with nickels and dimes in 2009, with dollar coins in 2012. The denominations were still authorized, but they stopped making them for circulation. They could do the same thing with cents. No action from Congress needed.</p><p><br /></p><p><br /></p><p>No I didn't start with gold, I started with nickels and most started with cents. If you got rid of cents and five cents new collectors would have to start with dimes. But is that really that great a hardship? Todays dime has 66% the purchasing power that a cent had when I started collecting. It has 13% of the purchasing power a nickel had when I stated collecting those. So starting with dimes today is much cheaper than it was when I started with nickels[/QUOTE]</p><p><br /></p>
[QUOTE="Conder101, post: 7850494, member: 66"]They won't have to do anything, prices will still be in odd amounts, ending in 9's for that psychological kick. 3.20 pounds of ground beef at $3.99 a pound is $12.77 with 7% sales tax is $13.66 which the register will automatically round to $13.65 It takes an act of Congress to change a coins design, or composition, or to authorized a new denomination or to eliminate a denomination. But the Federal reserve can decide on their own to simply stop ordering a denomination from the mint, in which case the mint stops making them for circulation. They did this with half dollars in 2002, with nickels and dimes in 2009, with dollar coins in 2012. The denominations were still authorized, but they stopped making them for circulation. They could do the same thing with cents. No action from Congress needed. No I didn't start with gold, I started with nickels and most started with cents. If you got rid of cents and five cents new collectors would have to start with dimes. But is that really that great a hardship? Todays dime has 66% the purchasing power that a cent had when I started collecting. It has 13% of the purchasing power a nickel had when I stated collecting those. So starting with dimes today is much cheaper than it was when I started with nickels[/QUOTE]
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