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Is it time to kill the penny & nickel? Or change the metal content of the nickel?
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<p>[QUOTE="Michael K, post: 3602460, member: 78298"]Don't need the cent or the nickel. Every cash transaction can be rounded off to the nearest .05 or .10 and can all be worked out with dimes and quarters. Need to get a nickel in change? Give 2 dimes and receive a quarter. All electronic payments, credit card and check transactions can still be to the exact cent.</p><p>We don't need dollar bills either. That can all be handled with $2 bills and dollar coins. Putting it into practice and circulation and getting people to change their mindset are greater obstacles than any practical objections or arguments.</p><p>If the gov't would just do it, the transition would happen and it would not be as catastrophic as some people seem to believe.[/QUOTE]</p><p><br /></p>
[QUOTE="Michael K, post: 3602460, member: 78298"]Don't need the cent or the nickel. Every cash transaction can be rounded off to the nearest .05 or .10 and can all be worked out with dimes and quarters. Need to get a nickel in change? Give 2 dimes and receive a quarter. All electronic payments, credit card and check transactions can still be to the exact cent. We don't need dollar bills either. That can all be handled with $2 bills and dollar coins. Putting it into practice and circulation and getting people to change their mindset are greater obstacles than any practical objections or arguments. If the gov't would just do it, the transition would happen and it would not be as catastrophic as some people seem to believe.[/QUOTE]
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Is it time to kill the penny & nickel? Or change the metal content of the nickel?
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