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Should the US make pennies from plastic?
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<p>[QUOTE="mgk920, post: 1329927, member: 34365"]My figuring shows that the USA has added nearly two full zeroes to the Dollar over the past century, this by using the price of gold as the constant (remember that the USA was on the gold standard into the 1930s) and 100 years ago, for example, a decent room in a downtown hotel was $2/night (now $150-200) and a very nice room was $3 (now $250-300); a decent beer in a bar was maybe 5¢ (now $5 - or more!); a good restaurant meal for the family was maybe 50¢ (now $40-50), and so forth). The 1¢ of the early 20th century is nearly $1 today!</p><p><br /></p><p>Sad to say it, but the quarter is now just barely useful for any form of real commerce and all of the coins below it are now only useful for parsing sales taxes. Where I work, I don't even use coins below 25¢ for making change anymore.</p><p><br /></p><p>Drop the lower coins and just round sales taxes.</p><p><br /></p><p>Mike[/QUOTE]</p><p><br /></p>
[QUOTE="mgk920, post: 1329927, member: 34365"]My figuring shows that the USA has added nearly two full zeroes to the Dollar over the past century, this by using the price of gold as the constant (remember that the USA was on the gold standard into the 1930s) and 100 years ago, for example, a decent room in a downtown hotel was $2/night (now $150-200) and a very nice room was $3 (now $250-300); a decent beer in a bar was maybe 5¢ (now $5 - or more!); a good restaurant meal for the family was maybe 50¢ (now $40-50), and so forth). The 1¢ of the early 20th century is nearly $1 today! Sad to say it, but the quarter is now just barely useful for any form of real commerce and all of the coins below it are now only useful for parsing sales taxes. Where I work, I don't even use coins below 25¢ for making change anymore. Drop the lower coins and just round sales taxes. Mike[/QUOTE]
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