Log in or Sign up
Coin Talk
Home
Forums
>
Coin Forums
>
US Coins Forum
>
When coins are retired (destroyed)
>
Reply to Thread
Message:
<p>[QUOTE="Michael K, post: 4315857, member: 78298"]The over production is unnecessary as less and less coins are being used for commerce and in vending machines, parking meters and tolls (etc.) as those machines have been redesigned to accept bills, credit cards and EZ Passes.</p><p>Cash is still used but more and more people use credit and debit card for all transactions no matter how small. They could produce one tenth the amount of coins and there would still be more than enough, as the old coins can easily circulate for many decades. Look at the 1965 clad quarter. It's already 55 years old and there is no shortage of them.</p><p>As for the pennies and pre 1982 cents they are not needed. Everything can be rounded up or down to the nearest nickel or dime without any significant loss or gain over the long term. Inflation has made these coins almost worthless and more and more people don't even take them. They leave them in the self serve change cup and even throw them away.[/QUOTE]</p><p><br /></p>
[QUOTE="Michael K, post: 4315857, member: 78298"]The over production is unnecessary as less and less coins are being used for commerce and in vending machines, parking meters and tolls (etc.) as those machines have been redesigned to accept bills, credit cards and EZ Passes. Cash is still used but more and more people use credit and debit card for all transactions no matter how small. They could produce one tenth the amount of coins and there would still be more than enough, as the old coins can easily circulate for many decades. Look at the 1965 clad quarter. It's already 55 years old and there is no shortage of them. As for the pennies and pre 1982 cents they are not needed. Everything can be rounded up or down to the nearest nickel or dime without any significant loss or gain over the long term. Inflation has made these coins almost worthless and more and more people don't even take them. They leave them in the self serve change cup and even throw them away.[/QUOTE]
Your name or email address:
Do you already have an account?
No, create an account now.
Yes, my password is:
Forgot your password?
Stay logged in
Coin Talk
Home
Forums
>
Coin Forums
>
US Coins Forum
>
When coins are retired (destroyed)
>
Home
Home
Quick Links
Search Forums
Recent Activity
Recent Posts
Forums
Forums
Quick Links
Search Forums
Recent Posts
Competitions
Competitions
Quick Links
Competition Index
Rules, Terms & Conditions
Gallery
Gallery
Quick Links
Search Media
New Media
Showcase
Showcase
Quick Links
Search Items
Most Active Members
New Items
Directory
Directory
Quick Links
Directory Home
New Listings
Members
Members
Quick Links
Notable Members
Current Visitors
Recent Activity
New Profile Posts
Sponsors
Menu
Search
Search titles only
Posted by Member:
Separate names with a comma.
Newer Than:
Search this thread only
Search this forum only
Display results as threads
Useful Searches
Recent Posts
More...