Discussion in 'Coin Chat' started by Williammm, Apr 15, 2019.
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The nickel today is not what it was fifteen years ago. Do you know what this country needs today?...A seven-cent nickel. Yessiree, we've been using the five-cent nickel in this country since 1492. Now that's pretty near a hundred years' daylight saving. Now, why not give the seven-cent nickel a chance? If that works out, next year we could have an eight-cent nickel. Think what that would mean. You could go to a newsstand, buy a three-cent newspaper and get the same nickel back again. One nickel carefully used would last a family a lifetime!
You're missing the point...you have to put a truck load of them together, then you'll have enough to make a purchase...duh......but think of all the more chances to find the elusive errors!!!
However, since it makes sense, it will never happen.
We gotta start somewhere, though...and we should can the Zincoln yesterday, say...1982.
There's the rounding problem to consider...American do not cotton to rounding...they don't like it and won't do it. Why? It's un-American! (for real, now it's Canadian).
The cent is too popular and in-grained into American culture. Using a better metal construction and revaluing does make sense, but there would be resistance from the status quo...Spark
"A nickel ain't worth a dime anymore!"
FWIW, in Israel the smallest denomination is a "5 agorot" coin (100 agorot is 1 shekel).
On the other hand, the 5 agorot coin is worth about 1.5 cents American.
Adjust for inflation ,and don't forget the more you mint ....the cheaper they are to produce...... but wait would it not be a lot easier just to mint dimes?
Then you go to the bank pick up a roll of dimes a chisel and hammer.... and just cut the dime in half....or just use your debit card
Just look at any gas station's posted prices per gallon.
They would have to mint them out of meringue to see a profit.
And maybe not even then...
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