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The US "Penny": Should it go or should it stay?
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<p>[QUOTE="C Jay, post: 1766508, member: 13184"]We need to either move or lose a decimal point. If we lose the cent, then we will need more nickels but, are still in the same boat, since nickels cost more to produce than face value. So now we lose the nickel and might as well price everything on the shelf to the 10th of a dollar. This leaves us with a dime which is like the "new" cent, a useless quarter since you have to use them in pairs, an oversized 50 cent piece, plus the paper dollar argument. Eventually we'll stop printing dollars and go to dollar coins. At that point we might as well take the 5 dollar note along with it, plus coin a new $2.5 coin just to have something to put commemoratives on, and this gets us back to where we started. Who knows, in a hundred years there may be a thread here about needing to lose the dime.[/QUOTE]</p><p><br /></p>
[QUOTE="C Jay, post: 1766508, member: 13184"]We need to either move or lose a decimal point. If we lose the cent, then we will need more nickels but, are still in the same boat, since nickels cost more to produce than face value. So now we lose the nickel and might as well price everything on the shelf to the 10th of a dollar. This leaves us with a dime which is like the "new" cent, a useless quarter since you have to use them in pairs, an oversized 50 cent piece, plus the paper dollar argument. Eventually we'll stop printing dollars and go to dollar coins. At that point we might as well take the 5 dollar note along with it, plus coin a new $2.5 coin just to have something to put commemoratives on, and this gets us back to where we started. Who knows, in a hundred years there may be a thread here about needing to lose the dime.[/QUOTE]
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