Log in or Sign up
Coin Talk
Home
Forums
>
Coin Forums
>
Coin Chat
>
Idea I had for the nickel and half that I posted in the "Canada's last cent" thread
>
Reply to Thread
Message:
<p>[QUOTE="Cherd, post: 1435725, member: 24754"]Ya, they couldn't keep the same size and weight unless they altered the exchange rate of the old change. I suppose we could wake up one morning and the fed would say, "all pennies are worth 5 cents, all nickels are worth 50 cents". Then it would take a couple of years to get most of the old change taken out of circulation and converted into newly minted, correctly marked coinage. Something like this wouldn't be unheard of, when mexico moved the decimal point one place in their peso everyone's coinage increased in value by 10x overnight (coin hoarders got lucky).</p><p><br /></p><p>Problem is, the penny sized nickel wouldn't be of use in vending machines, as most currently are not capable of taking pennies. There would also be a transition period for vending machines to be recalibrated for the new exchange rates. In the end though, it may make economic sense to do something like this, it's not a horrible idea.[/QUOTE]</p><p><br /></p>
[QUOTE="Cherd, post: 1435725, member: 24754"]Ya, they couldn't keep the same size and weight unless they altered the exchange rate of the old change. I suppose we could wake up one morning and the fed would say, "all pennies are worth 5 cents, all nickels are worth 50 cents". Then it would take a couple of years to get most of the old change taken out of circulation and converted into newly minted, correctly marked coinage. Something like this wouldn't be unheard of, when mexico moved the decimal point one place in their peso everyone's coinage increased in value by 10x overnight (coin hoarders got lucky). Problem is, the penny sized nickel wouldn't be of use in vending machines, as most currently are not capable of taking pennies. There would also be a transition period for vending machines to be recalibrated for the new exchange rates. In the end though, it may make economic sense to do something like this, it's not a horrible idea.[/QUOTE]
Your name or email address:
Do you already have an account?
No, create an account now.
Yes, my password is:
Forgot your password?
Stay logged in
Coin Talk
Home
Forums
>
Coin Forums
>
Coin Chat
>
Idea I had for the nickel and half that I posted in the "Canada's last cent" thread
>
Home
Home
Quick Links
Search Forums
Recent Activity
Recent Posts
Forums
Forums
Quick Links
Search Forums
Recent Posts
Competitions
Competitions
Quick Links
Competition Index
Rules, Terms & Conditions
Gallery
Gallery
Quick Links
Search Media
New Media
Showcase
Showcase
Quick Links
Search Items
Most Active Members
New Items
Directory
Directory
Quick Links
Directory Home
New Listings
Members
Members
Quick Links
Notable Members
Current Visitors
Recent Activity
New Profile Posts
Sponsors
Menu
Search
Search titles only
Posted by Member:
Separate names with a comma.
Newer Than:
Search this thread only
Search this forum only
Display results as threads
Useful Searches
Recent Posts
More...