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Opinion/Editorial - United States Coinage Needs Overhaul Now!!!
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<p>[QUOTE="dannic113, post: 1744206, member: 35203"]Great read, interesting points. I completely agree on the Kennedy half as I am NOT a fan of Kennedy himself or still living family members. Nothing against what he did in politics just personality-wise he rubs me the wrong way. Along those lines I also agree with why not honor with a commemorative and be done with it. Then again they did commemorative for states back around the 1920's (granted it wasn't all of them mostly centenials of varying lengths) and yet we still had the statehood quarter program. History repeats itself over and over again. We also do need to do SOMETHING to help our current situation minting coins that are over face value and yes it's an uphill battle. Case in point the business world will never get rid of the cent. How can they put that $10 item on sale for 9.99 if you don't have the odd 4 cents to pay for it? We still have 9/10 of a cent on gasoline for god's sake. It's the psychological edge marketers and sales uses to trick most people into buying something, buying more, buying because it's on sale even if just for a few cents. I personally think the better issue would be to if even possible make the coins a bit smaller or even thinner? I think a small diameter change would not be noticed by Jon Q. Public to cause outrage. The other item that isn't touched upon that could help reduce the cost/value differential is labor. I don't know but it's my guess that mint machinists are union and paid wonderfully. If nothing else to keep stealing down. Not to mention they are federal workers entitled to wonderful benefits that raise the production cost side of things. Cut those items back from all mint employees to Congressmen and watch the saving roll in from all directions. Maybe if they have to actually work then some coinage laws would be updated...lol.[/QUOTE]</p><p><br /></p>
[QUOTE="dannic113, post: 1744206, member: 35203"]Great read, interesting points. I completely agree on the Kennedy half as I am NOT a fan of Kennedy himself or still living family members. Nothing against what he did in politics just personality-wise he rubs me the wrong way. Along those lines I also agree with why not honor with a commemorative and be done with it. Then again they did commemorative for states back around the 1920's (granted it wasn't all of them mostly centenials of varying lengths) and yet we still had the statehood quarter program. History repeats itself over and over again. We also do need to do SOMETHING to help our current situation minting coins that are over face value and yes it's an uphill battle. Case in point the business world will never get rid of the cent. How can they put that $10 item on sale for 9.99 if you don't have the odd 4 cents to pay for it? We still have 9/10 of a cent on gasoline for god's sake. It's the psychological edge marketers and sales uses to trick most people into buying something, buying more, buying because it's on sale even if just for a few cents. I personally think the better issue would be to if even possible make the coins a bit smaller or even thinner? I think a small diameter change would not be noticed by Jon Q. Public to cause outrage. The other item that isn't touched upon that could help reduce the cost/value differential is labor. I don't know but it's my guess that mint machinists are union and paid wonderfully. If nothing else to keep stealing down. Not to mention they are federal workers entitled to wonderful benefits that raise the production cost side of things. Cut those items back from all mint employees to Congressmen and watch the saving roll in from all directions. Maybe if they have to actually work then some coinage laws would be updated...lol.[/QUOTE]
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