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Why are US coins so blah -- Interview with CCAC member
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<p>[QUOTE="yakpoo, post: 1513966, member: 18157"]Why? </p><p><br /></p><p>Even in 1857, the last year of the half cent, there's never been a US coin with less purchasing power than today's dime. In other words,<b> <a href="http://lenpenzo.com/blog/id575-is-it-finally-time-to-get-rid-of-the-penny.html" target="_blank" class="externalLink ProxyLink" data-proxy-href="http://lenpenzo.com/blog/id575-is-it-finally-time-to-get-rid-of-the-penny.html" rel="nofollow">the 1857 half cent had more purchasing power (in 1857) than today's dime</a></b>. </p><p><br /></p><p>What's the purpose of the penny, nickel, and dime? ...to make change? ...why?</p><p><br /></p><p>I hear..."the consumer will get screwed without these coins"...really!? Did the consumer get screwed in 1857? ..nope. Vendors slightly adjusted portions.</p><p><br /></p><p>I hear..."I collect pennies, nickels, and dimes...we can't end them!!!" <b>YO! ...wake up! ...</b>if these coins become obsolete, your collections will explode in value!</p><p><br /></p><p>So, I ask again...why? Why do we need a new nickel and dime? Why do we need pennies, nickels, and dimes at all? :scratch:[/QUOTE]</p><p><br /></p>
[QUOTE="yakpoo, post: 1513966, member: 18157"]Why? Even in 1857, the last year of the half cent, there's never been a US coin with less purchasing power than today's dime. In other words,[B] [URL="http://lenpenzo.com/blog/id575-is-it-finally-time-to-get-rid-of-the-penny.html"]the 1857 half cent had more purchasing power (in 1857) than today's dime[/URL][/B]. What's the purpose of the penny, nickel, and dime? ...to make change? ...why? I hear..."the consumer will get screwed without these coins"...really!? Did the consumer get screwed in 1857? ..nope. Vendors slightly adjusted portions. I hear..."I collect pennies, nickels, and dimes...we can't end them!!!" [B]YO! ...wake up! ...[/B]if these coins become obsolete, your collections will explode in value! So, I ask again...why? Why do we need a new nickel and dime? Why do we need pennies, nickels, and dimes at all? :scratch:[/QUOTE]
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