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<p>[QUOTE=&quot;SteveCaruso, post: 1512873, member: 37497&quot;]Hee hee hee! That&#039;s rich. <img src="styles/default/xenforo/clear.png" class="mceSmilieSprite mceSmilie1" alt=":)" unselectable="on" unselectable="on" /> Pics or it didn&#039;t happen. ;-)</p><p>&nbsp;</p><p><br /></p><p>&nbsp;</p><p>Bollocks. When the 1/2 Cent was eliminated, there was no 1/2 cent increase in prices across the board and when it was eliminated, it was worth 11, almost 12 modern cents. There were also no increases in other countries that in modern times have eliminated their cents. The &quot;1-4 cent raise in price&quot; is an old wives&#039; tale. <img src="styles/default/xenforo/clear.png" class="mceSmilieSprite mceSmilie1" alt=":)" unselectable="on" unselectable="on" /></p><p><br /></p><p>Inflation is a completely separate process. The key is that we need our circulating money to reflect what things are *worth*; not believe that our coins will influence it the other way around! <img src="styles/default/xenforo/clear.png" class="mceSmilieSprite mceSmilie1" alt=":)" unselectable="on" unselectable="on" /></p><p><br /></p><p>Think of how quickly denominations of Zimbabwe Dollars changed? This was due to massive hyperinflation. The numbers could barely keep up with how quickly the value of the Z$ was declining. We&#039;ve had that creep over a long enough period of time that certain denominations are just as worthless, but haven&#039;t been updated.</p><p><br /></p><p>Also, guess what? Price rounding already happens on army bases. They don&#039;t use pennies there at all because of how little they&#039;re worth. And no, prices aren&#039;t all rounded up. <img src="styles/default/xenforo/clear.png" class="mceSmilieSprite mceSmilie1" alt=":)" unselectable="on" unselectable="on" /></p><p><br /></p><p><br /></p><p><br /></p><p>You don&#039;t get it. Even if the materials for Pennies and Nickels <b>were free</b>, simply the gasoline costs and wages for handling staff to ship them into circulation is already over their face value. They are a serious money sink.</p><p><br /></p><p>Furthermore, I&#039;d prefer a pocket full of $1 coins than a pocket full of quarters. Quarters weigh a heck of a lot more per dollar.</p><p><br /></p><p><br /></p><p><br /></p><p>Slippery slope. That&#039;s a &quot;logical fallacy&quot; for a reason. <img src="styles/default/xenforo/clear.png" class="mceSmilieSprite mceSmilie1" alt=":)" unselectable="on" unselectable="on" /> Not going to happen in our lifetimes, or even our grandchildrens&#039; lifetimes. Or probably not at all. (Again, remember they can always print larger numbers on the bills.)[/QUOTE]</p><p><br /></p>

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