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Should we bring back half dimes?
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<p>[QUOTE="-jeffB, post: 25177887, member: 27832"]And to get back to your original question, "what is the government doing about [the excessive cost of making nickels]"...</p><p><br /></p><p>I think the <i>direct</i> answer is "they're doing NOTHING about it, because nobody's pushing them in a particular direction". You've discussed some possible solutions. If the nickel's composition is going to change, I imagine it would change to iron with some sort of plating. That would break all the vending machines and self-checkouts, but so would nearly any other change that significantly reduced the coin's manufacturing cost. (I don't think there's any material that has the same density <i>and </i>EM signature as cupronickel, but is significantly cheaper.)</p><p><br /></p><p>But the answer <i>should</i> be "doing away with every denomination smaller than the quarter, and looking really hard at the quarter". Remember, we did away with the half-<i>cent</i> because it was too small a value for people to bother with -- and its purchasing power at the time was something like seventeen cents in today's money. We're all still <i>pretending</i> that if you "watch the pennies" "the dollars will take care of themselves", but in fact watching pennies is a useless distraction at this point. (Except, of course, for those enlightened enough to look past their <i>face</i> value... <img src="styles/default/xenforo/clear.png" class="mceSmilieSprite mceSmilie1" alt=":)" unselectable="on" unselectable="on" />)[/QUOTE]</p><p><br /></p>
[QUOTE="-jeffB, post: 25177887, member: 27832"]And to get back to your original question, "what is the government doing about [the excessive cost of making nickels]"... I think the [I]direct[/I] answer is "they're doing NOTHING about it, because nobody's pushing them in a particular direction". You've discussed some possible solutions. If the nickel's composition is going to change, I imagine it would change to iron with some sort of plating. That would break all the vending machines and self-checkouts, but so would nearly any other change that significantly reduced the coin's manufacturing cost. (I don't think there's any material that has the same density [I]and [/I]EM signature as cupronickel, but is significantly cheaper.) But the answer [I]should[/I] be "doing away with every denomination smaller than the quarter, and looking really hard at the quarter". Remember, we did away with the half-[I]cent[/I] because it was too small a value for people to bother with -- and its purchasing power at the time was something like seventeen cents in today's money. We're all still [I]pretending[/I] that if you "watch the pennies" "the dollars will take care of themselves", but in fact watching pennies is a useless distraction at this point. (Except, of course, for those enlightened enough to look past their [I]face[/I] value... :))[/QUOTE]
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Should we bring back half dimes?
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