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SHOULD THE U.S. CENT COIN BE RETIRED?
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<p>[QUOTE="mgk920, post: 4609321, member: 34365"]The 1¢ should have been dropped in 1982, when they switched from bronze to that truly *AWFUL* copper plated zinc composition. It is the worst composition that I have even seen a coin being made out of.</p><p><br /></p><p>The only thing that coins below 25¢ are useful for now is the fine parsing of state and local sales taxes, not 'legitimate' commerce.</p><p><br /></p><p>If I were the dictator of these issues, I would use coins for:</p><p>- 25¢</p><p>- 50¢ (make it a smaller size)</p><p>- $1 (its current size/composition are just fine as it is)</p><p>- $2 (new denomination to the USA)</p><p>- $5 (reintroduced denomination)</p><p>and banknotes for:</p><p>- $10</p><p>- $20</p><p>- $50</p><p>- $100</p><p>- $200 (new denomination to the USA)</p><p>- $500 (reintroduced denomination)</p><p>(All banknotes to be made of a polymer base)</p><p><br /></p><p>My measure for 'coin v. banknote?' is "Can I buy a decent lunch with one of them and get change back?" If it is 'Yes', then it should be a banknote, if 'No', it should be a coin. $10 is starting to get close to that edge.</p><p><br /></p><p>"What about parsing sales taxes?"</p><p>"Set your rate cards to round the tax on cash transactions to the nearest 25¢ instead of to the nearest 1¢."</p><p><br /></p><p>Mike[/QUOTE]</p><p><br /></p>
[QUOTE="mgk920, post: 4609321, member: 34365"]The 1¢ should have been dropped in 1982, when they switched from bronze to that truly *AWFUL* copper plated zinc composition. It is the worst composition that I have even seen a coin being made out of. The only thing that coins below 25¢ are useful for now is the fine parsing of state and local sales taxes, not 'legitimate' commerce. If I were the dictator of these issues, I would use coins for: - 25¢ - 50¢ (make it a smaller size) - $1 (its current size/composition are just fine as it is) - $2 (new denomination to the USA) - $5 (reintroduced denomination) and banknotes for: - $10 - $20 - $50 - $100 - $200 (new denomination to the USA) - $500 (reintroduced denomination) (All banknotes to be made of a polymer base) My measure for 'coin v. banknote?' is "Can I buy a decent lunch with one of them and get change back?" If it is 'Yes', then it should be a banknote, if 'No', it should be a coin. $10 is starting to get close to that edge. "What about parsing sales taxes?" "Set your rate cards to round the tax on cash transactions to the nearest 25¢ instead of to the nearest 1¢." Mike[/QUOTE]
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SHOULD THE U.S. CENT COIN BE RETIRED?
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