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<p>[QUOTE=&quot;baseball21, post: 2322042, member: 76863&quot;]I think things like this are often overlooked in discussions such as these where we look to other countries for what they have done.&nbsp; We often forget that there can be very different economic forces in play where larger denominations for those countries are much more pocket change than here.&nbsp; Granted a cent here buys nothing, but at the same time using Australia as one example a 50 coin there also buys nothing. </p><p><br /></p><p>You didn&#039;t make the argument but I know a lot of times purchase power comes up, if we really break everything down the cent often times is no worse in terms of purchase power than some of the higher denominations in other countries. </p><p><br /></p><p><br /></p><p><br /></p><p>I certainly disagree with that as well.&nbsp; Regardless of country metal prices fluctuate over time.&nbsp; If it was really just metal prices then you would be able to say these years were profitable and these weren&#039;t and take an average. </p><p><br /></p><p>Then there are countries like Australia where any loss the mint took from higher metal prices was more than offset on what they made from them.&nbsp; The exports to China were what saved them in 2008 ect, now that China has slowed they&#039;re scrambling to figure out a different economic boom. </p><p><br /></p><p><br /></p><p><br /></p><p>I could see the argument potentially that the 20 is to large since it is almost the size of the 50 and I do actually have a pile of change sitting next to me from my last trip there lol.&nbsp; Their 2 dollar coin while thick is actually surprisingly small.&nbsp; I am actually not opposed to having a 1 and 2 dollar coin at all, they certainly last the test of time as I am generally in a harsh environment of North Queensland and coins from the 80s can easily be found in change. </p><p><br /></p><p>But I would argue often times we are quick to jump on the currency needs to save money train.&nbsp; I&#039;ve yet to see a government where you couldn&#039;t cut substantial costs in other areas before worrying about readjusting everyone to a brand new set of coinage which would equate to minimal savings.&nbsp; In other words were often talking about a savings so insignificant in the large scheme why worry about it until it would actually make a difference.</p><p><br /></p><p>In the grand scheme of budgets as long as the losses aren&#039;t massive the coins are ultimately bringing in more money then they&#039;re losing through the taxes of commerce as well. </p><p><br /></p><p>The one thing I do think we could make a direct correlation with the Aussies is their bills.&nbsp; They are substantially more durable.&nbsp; However, this is where the discussion gets complicated again like above.&nbsp; There may be a value to USA bills wearing out fast to keep them constantly changing given that we have greater issues with them being counter-fitted than other countries. </p><p><br /></p><p><br /></p><p><br /></p><p>I would agree with this, though I do think metal prices have more impact than they should as long as &quot;melt&quot; stays with in reason.&nbsp; Often times in these discussions we forget that if you sell to a refinery who will resell for melt, you wont get melt from them to begin with. </p><p><br /></p><p>To me it would seem that would be more of a problem for gold and silver.&nbsp; These multi metal coins like the USA has today would need a substantial margin to be worth even considering.&nbsp; Even with a pure metal coin if your dime would be worth 11 cents I just don&#039;t see that becoming an issue unless banks got involved in melting at a large scale.[/QUOTE]</p><p><br /></p>

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