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<p>[QUOTE=&quot;CamaroDMD, post: 799438, member: 5233&quot;].</p><p>Actually, you can buy things for 5, 10 or 25 cents.&nbsp; I&#039;ll admit that it is uncommon...but it is certainly more common than 1 cent.&nbsp; I know you won&#039;t go into a store and only spend a nickel, but there are private sales that will cost very little...one example can think of is making a minor purchase at a garage sale.&nbsp; There are often 5, 10 cent bins and those events because people are just trying to get rid of things.&nbsp; Plus, (and more importantly) smaller denominations to a degree are needed to make change.&nbsp; I believe we would be better off to drop the cent and round prices to 5 cents at this point.&nbsp; The cent is just impractical.</p><p><br /></p><p><br /></p><p>You are only considering materials cost.&nbsp; At some point, due to inflation, the simple cost of production of a cent makes it worth less than face value.&nbsp; No matter what it is made out of at this point, it costs too much to make.&nbsp; The machinery to make it, the dies, and electricity to run the machines all cost money and must be factored into the cost of the coin.&nbsp; The cent is worth so little, making it out of dirt probably wouldn&#039;t be worth it.</p><p><br /></p><p><br /></p><p>Exactly, the $1 coin is a great idea.&nbsp; Far superior to the bill in nearly every respect.[/QUOTE]</p><p><br /></p>

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