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<p>[QUOTE="physics-fan3.14, post: 26070531, member: 19165"]Yes, the nickel has been a loser for nearly 20 years. </p><p><br /></p><p>Proposing to get rid of the nickel has always seemed so much more extreme, but it also financially does not make any sense. We've had the discussion, but it has always been... well, it isn't as much of a premium, and the value is more... how will we handle not having it? </p><p><br /></p><p>On the current trend, the dime will be a loser within a decade. </p><p><br /></p><p>In reality... how many people use cash, and how many use cents and nickels? There is literally a take-a-penny/leave-a-penny for this reason. </p><p><br /></p><p>Get rid of the cent. Get rid of the nickel. Get rid of the dime. I guess keep the quarter for now, knowing that a few more years of inflation that's going to become meaningless as well. </p><p><br /></p><p>Round prices to the nearest quarter. </p><p><br /></p><p>In countries with inflation, they get rid of their lowest units and round to the nearest unit. This is a wide precedent... just accept it. If you want your government to inflate the currency, you have to accept the consequences. </p><p><br /></p><p>I just came back from Argentina, where the exchange rate was somewhere near 1000 pesos to the dollar. I guarantee you, I never saw fractional pesos, and I rarely saw less than a round 1000. It just isn't worth it.[/QUOTE]</p><p><br /></p>
[QUOTE="physics-fan3.14, post: 26070531, member: 19165"]Yes, the nickel has been a loser for nearly 20 years. Proposing to get rid of the nickel has always seemed so much more extreme, but it also financially does not make any sense. We've had the discussion, but it has always been... well, it isn't as much of a premium, and the value is more... how will we handle not having it? On the current trend, the dime will be a loser within a decade. In reality... how many people use cash, and how many use cents and nickels? There is literally a take-a-penny/leave-a-penny for this reason. Get rid of the cent. Get rid of the nickel. Get rid of the dime. I guess keep the quarter for now, knowing that a few more years of inflation that's going to become meaningless as well. Round prices to the nearest quarter. In countries with inflation, they get rid of their lowest units and round to the nearest unit. This is a wide precedent... just accept it. If you want your government to inflate the currency, you have to accept the consequences. I just came back from Argentina, where the exchange rate was somewhere near 1000 pesos to the dollar. I guarantee you, I never saw fractional pesos, and I rarely saw less than a round 1000. It just isn't worth it.[/QUOTE]
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