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<p>[QUOTE=&quot;karrlot, post: 158757, member: 4476&quot;]I don&#039;t see &#039;them&#039; being able to eliminate both the cent and the nickle at the same time.&nbsp; I think that would be too much of an emotional shock to the people.&nbsp; </p><p><br /></p><p>Eliminating the 1 cent and the 5 cent <i>coins</i> does not mean you are eliminating the 1 and 5 cent <i>denominations</i>.&nbsp; </p><p><br /></p><p>Eliminating the coins would not effect any transactions that are done by personal check, debit card, credit card, on-line payments, money orders, direct deposit, automatic withdraw, etc.&nbsp; All of those would continue to be carried out to the 1/100 of a dollar.&nbsp; </p><p>On that note - what percentage of transactions acutally involve cash?&nbsp; All of my bills (house, utilities, trash, phone, car payments, insurance, credit card bills, cable, property tax - everything!) are non cash.&nbsp; Gasoline is non cash.&nbsp; Anything I buy in a retail store is non cash.&nbsp; The only thing I use cash for is to buy rolls of halves.</p><p><br /></p><p>So what percentage of transactions would this even effect?</p><p><br /></p><p>Another point - we don&#039;t seem to have any problems with rounding now.&nbsp; My tax rate is 74/1000 of a dollar.&nbsp; They always round that up to the nearest cent.&nbsp; I&#039;ve never heard anyone raise a fit about that.&nbsp; Come to think of it, whenever they ask the folks who live here to vote on a tax, its always a mil - which by definition means its going to get rounded.&nbsp; </p><p><br /></p><p>Today I paid $1.979 per gallon of gas.&nbsp; When my bill came to $20.1858 do you think I even noticed when my debit card was charged for $20.19?&nbsp; How often does any of this come out to an even cent?&nbsp; If half the transactions are rounded up to a nickle (or dime) and half are rounded down - its going to be a wash.</p><p><br /></p><p>I don&#039;t get the dime/quarter compatibility argument.&nbsp; Lets say we did get rid of the nickle.&nbsp; Everything is now rounded off to the nearest tenth of a dollar.&nbsp; Using dimes and quarters I can come up with a combination that equals everything.&nbsp; If I need to pay thirty cents, I use three dimes.&nbsp; If I need to pay forty cents I use four dimes.&nbsp; For fifty cents I can use either 5 dimes or 2 quarters, or a half dollar for that matter. For sixty cents I can use 6 dimes or 2 quarters and a dime. Am I missing the point?[/QUOTE]</p><p><br /></p>

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