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<p>[QUOTE="cladking, post: 3549162, member: 68"]People would have used two half cents instead of a penny in many instances. </p><p><br /></p><p>I suppose nickel production might increase for other reasons if the penny wee abolished. Some people probably use pennies as inexpensive washers and rather than switch to dimes they might use nickels. Some people might just like having coins around and if there were no pennies they'd switch to nickels. </p><p><br /></p><p>My guess is it would have the opposite effect. The value of a gallon of coins would increase substantially so people might redeem them more often. This is difficult to predict though. Coins would build up more slowly in the home but the value per gallon would soar. </p><p><br /></p><p>I believe all these considerations are irrelevant since it is simple madness to mint a coin that costs more to use and produce than it is worth. We spend billions every year just to keep the Brink's truck in tires and the rail cars on trucks.[/QUOTE]</p><p><br /></p>
[QUOTE="cladking, post: 3549162, member: 68"]People would have used two half cents instead of a penny in many instances. I suppose nickel production might increase for other reasons if the penny wee abolished. Some people probably use pennies as inexpensive washers and rather than switch to dimes they might use nickels. Some people might just like having coins around and if there were no pennies they'd switch to nickels. My guess is it would have the opposite effect. The value of a gallon of coins would increase substantially so people might redeem them more often. This is difficult to predict though. Coins would build up more slowly in the home but the value per gallon would soar. I believe all these considerations are irrelevant since it is simple madness to mint a coin that costs more to use and produce than it is worth. We spend billions every year just to keep the Brink's truck in tires and the rail cars on trucks.[/QUOTE]
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