Log in or Sign up
Coin Talk
Home
Forums
>
Coin Forums
>
Coin Chat
>
Should the cent be kept?
>
Reply to Thread
Message:
<p>[QUOTE="Kasia, post: 1266081, member: 31533"]It probably won't be done, but one solution would be to do away with both the cent and the nickel and replace it with a 2 cent piece. Keep the previous coins in circulation for 2-3 years, and then place free coin machines in places so any cents and nickels that people want to return for destruction (the gov't can cull out the recyclable materials) and offer a premium for it. Yes, some numismatic items will be included in that, but you can't stop the destruction of all of them (think natural disasters, etc). A lot of people hoarding the pre-1982 cents will be glad to get rid of them for 2.5 cents/per if they can, and nickels at about 7 cents each. At the same time, about two years in, design a lightweight dollar coin that is not so large as currently and is made of a cheaper metal, possibly one similar to many coins in europe that are bi-metal. Put some really nice classic designs on it, instead of going with the presidential stuff. Stop minting half dollars.</p><p>Take out the 2 and 10 dollar bills initially, having two fives will be enough to replace the tens and the 2's we can do without. Then start a 2 dollar coin, and remove the 1 dollar bill from minting.</p><p><br /></p><p>What say you folks to this remedy? Within about 10 years we would be left with a system of 2 cent, 10 cent, 25 cent, 1 dollar, 2 dollar coins. Bills would be 5 dollars, 20 dollars, 50 dollars, 100 dollars.[/QUOTE]</p><p><br /></p>
[QUOTE="Kasia, post: 1266081, member: 31533"]It probably won't be done, but one solution would be to do away with both the cent and the nickel and replace it with a 2 cent piece. Keep the previous coins in circulation for 2-3 years, and then place free coin machines in places so any cents and nickels that people want to return for destruction (the gov't can cull out the recyclable materials) and offer a premium for it. Yes, some numismatic items will be included in that, but you can't stop the destruction of all of them (think natural disasters, etc). A lot of people hoarding the pre-1982 cents will be glad to get rid of them for 2.5 cents/per if they can, and nickels at about 7 cents each. At the same time, about two years in, design a lightweight dollar coin that is not so large as currently and is made of a cheaper metal, possibly one similar to many coins in europe that are bi-metal. Put some really nice classic designs on it, instead of going with the presidential stuff. Stop minting half dollars. Take out the 2 and 10 dollar bills initially, having two fives will be enough to replace the tens and the 2's we can do without. Then start a 2 dollar coin, and remove the 1 dollar bill from minting. What say you folks to this remedy? Within about 10 years we would be left with a system of 2 cent, 10 cent, 25 cent, 1 dollar, 2 dollar coins. Bills would be 5 dollars, 20 dollars, 50 dollars, 100 dollars.[/QUOTE]
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
Coin Talk
Home
Forums
>
Coin Forums
>
Coin Chat
>
Should the cent be kept?
>
Home
Home
Quick Links
Search Forums
Recent Activity
Recent Posts
Forums
Forums
Quick Links
Search Forums
Recent Posts
Competitions
Competitions
Quick Links
Competition Index
Rules, Terms & Conditions
Gallery
Gallery
Quick Links
Search Media
New Media
Showcase
Showcase
Quick Links
Search Items
Most Active Members
New Items
Directory
Directory
Quick Links
Directory Home
New Listings
Members
Members
Quick Links
Notable Members
Current Visitors
Recent Activity
New Profile Posts
Sponsors
Menu
Search
Search titles only
Posted by Member:
Separate names with a comma.
Newer Than:
Search this thread only
Search this forum only
Display results as threads
Useful Searches
Recent Posts
More...