Message:

<p>[QUOTE=&quot;medoraman, post: 952812, member: 26302&quot;]I believe it is long overdue as well. What do you think would happen? Would they simply stop making new cents and redesign the nickel? Maybe a smarter option would be to revalue pennies to 5 cents, make new 5 cent pieces the same composition as the penny and simply stop making nickels out of nickels. Other countries have handled this different ways. I believe the US in the past has simply stopped making the denomination. If they drop both current designs and have a new 5 cent piece, without revaluing the current penny I think there would be a severe shortage of 5 cent pieces, since everyone would know to hoard the old nickels.</p><p><br /></p><p>Regarding costs to the mint, if they stop making both 1 and 5 cent pieces they will lose money on dimes and maybe quarters. The reason is the way overhead is allocated, that without production of all of the pennies and nickels, overhead burden of the dime will be much, much higher. You know they would never lower overhead in a government bureaucracy.......[/QUOTE]</p><p><br /></p>

Your name or email address:

Do you already have an account?

• No, create an account now.
• Yes, my password is:
• Forgot your password?

Stay logged in