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<p>[QUOTE=&quot;Michael K, post: 2846364, member: 78298&quot;]I think the cent and nickel cost more to produce than face value, so the dime and quarter seem safe.</p><p>I think the dollar coin costs (38 cents?) and can last 30, 50, 100 years. But we are reluctant to transition from the dollar bill to the dollar coin. I think the dollar bill only costs a few cents but the average life span is less than a year.</p><p>While the shift to more cashless transactions is inevitable, I don&#039;t think they are going to completely phase out coins.</p><p>But as someone mentioned in another post, the mint facilities could stop making cents (and halves) and use the equipment to mint coins for other countries and make a little profit.</p><p>Is the face value argument valid? The same coin is used repeatedly in thousands of transactions.[/QUOTE]</p><p><br /></p>

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