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Opinion/Editorial - United States Coinage Needs Overhaul Now!!!
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<p>[QUOTE="mlov43, post: 1744218, member: 16729"]<font size="3">This article is spot on: There is a definite need to revamp our coinage regarding the denominations available (get rid of the penny), the designs, and how we should be using commemorative coins. We won't be getting rid of coins anytime soon, though! The reason the Mint hasn't gotten rid of the penny is because the customers (that's us) still want them! I don't think anyone above has mentioned charities: Pennies are used for gathering rather large amounts of money for charities that acquire them in small amounts from donors. After all, it's always easy for people to give away a bunch of pennies, right? What if charities started asking for quarters? Maybe not so much, I think.And if we don't get rid of the penny, what about that idea that came about in 1974 to replace the zinc and copper penny with a 100% aluminium coin? I can't imagine that the zinc industry has enough politicians in their pockets to keep that from happening, do they? There ARE solutions that don't require the total removal of a denomination.</font>[/QUOTE]</p><p><br /></p>
[QUOTE="mlov43, post: 1744218, member: 16729"][SIZE=3]This article is spot on: There is a definite need to revamp our coinage regarding the denominations available (get rid of the penny), the designs, and how we should be using commemorative coins. We won't be getting rid of coins anytime soon, though! The reason the Mint hasn't gotten rid of the penny is because the customers (that's us) still want them! I don't think anyone above has mentioned charities: Pennies are used for gathering rather large amounts of money for charities that acquire them in small amounts from donors. After all, it's always easy for people to give away a bunch of pennies, right? What if charities started asking for quarters? Maybe not so much, I think.And if we don't get rid of the penny, what about that idea that came about in 1974 to replace the zinc and copper penny with a 100% aluminium coin? I can't imagine that the zinc industry has enough politicians in their pockets to keep that from happening, do they? There ARE solutions that don't require the total removal of a denomination.[/SIZE][/QUOTE]
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