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SHOULD THE U.S. CENT COIN BE RETIRED?
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<p>[QUOTE="Cachecoins, post: 4608188, member: 111237"]An argument could be made that coinage in general is no longer needed. Certainly we don't need 1 dollar coins. Most people don't use them and many people don't even use bills (any physical medium of exchange) anymore. The general public, if they use physical currency, only use bills and do not want all the change. Coinage is seen as impractical to many.</p><p><br /></p><p>I think if we keep coinage we should eliminate the 1 cent at the very least. It is not needed and it is a waste of resources to even make them and the same argument could be made about the 5 cent as well.</p><p><br /></p><p>I say all this with regret as a person who is obviously very fond of the coin (especially fractionals currency which is even more useless today) but I fear its days may be numbered as people more and more prefer the digital currency for it's ease of use. I keep cash and I keep quarters but only use them when I need to and otherwise use a card for most transactions. All the rest just piles up until I cash it or I give it to a homeless person.[/QUOTE]</p><p><br /></p>
[QUOTE="Cachecoins, post: 4608188, member: 111237"]An argument could be made that coinage in general is no longer needed. Certainly we don't need 1 dollar coins. Most people don't use them and many people don't even use bills (any physical medium of exchange) anymore. The general public, if they use physical currency, only use bills and do not want all the change. Coinage is seen as impractical to many. I think if we keep coinage we should eliminate the 1 cent at the very least. It is not needed and it is a waste of resources to even make them and the same argument could be made about the 5 cent as well. I say all this with regret as a person who is obviously very fond of the coin (especially fractionals currency which is even more useless today) but I fear its days may be numbered as people more and more prefer the digital currency for it's ease of use. I keep cash and I keep quarters but only use them when I need to and otherwise use a card for most transactions. All the rest just piles up until I cash it or I give it to a homeless person.[/QUOTE]
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