IapetusAres
05/18/17 11:39 am
But yet again, with new technology, dollar and silver currencies are a pain and obsolete. When you think about it, we have machines that take money and put it as an online currency via a Debit Card. Not to mention most countries have vast differences in currency "value", and whenever visiting a new country we would need to trade it in and blah blah blah. Currencies were a lot more beneficial back in the 1300s or so. Back then we just used animals or anything and traded them, and the currency made it easier. But at this point it would be easiest to have everyone switch to an electronic auto currency exchange program, like PayPal or master card.
IapetusAres
05/18/17 11:34 am
Although the Half-Dollar isn't really used that much, I believe that It would be more important than the penny. It would be more beneficial to have a half dollar than a one-one-hundredth-dollar
Vincere Seattle
05/17/17 4:06 pm
The half cent had more purchasing power than a dime does today when it was discontinued in 1857. Canada started removing their pennies from circulation in 2013. I'm pretty sure the US could stop making pennies and the world wouldn't end.
JohnC14 New Hampshire
05/17/17 3:50 am
The penny now costs more than $0.01 to produce. If our coins cost more to produce than what they are worth, it may be time to discontinue that specific coin and begin rounding transactions to the nearest nickel.
aksers Seattle
05/17/17 2:17 am
Get rid of the penny, nickel, and quarter. Round everything to .10 and go from there. Pennies and nickels lose money and are extremely invaluable at facilitating the exchange of goods and devices.
theNobamist Silicon Valley
05/17/17 12:27 am
Keep them all!!
I like that now, after 40 years of coin collecting, I have a very complete collection.
I pick the best and brightest of the new coins as soon as they come from the bank.
moonshot More often I know nothing
05/16/17 7:52 pm
We should get rid of the penny, the dime, the half dollar, the dollar bill, and the five dollar bill. We should then distribute more dollar coins and two dollar bills. Prices should be rounded to the nearest nickel. All sales taxes should be included in the price and the tax rates based on gross receipts. This would be a much more user friendly system.
Pjj
05/16/17 5:36 pm
Did anyone even read the question? If the highest denomination you want to eliminate is a penny then you evidently want to discontinue all our coins.
scrpnHOG Arizona
05/16/17 5:22 pm
Germany and other countries are in an economic turmoil over this!!
Oh wait, no they're not. We'll be fine, get rid of that stupid penny.
xtarite
05/16/17 4:53 pm
There a LOT of good discussion to be had about this but I think people are forgetting that if we discontinue pennies or any other denomination a lot of things will be effected. Wages will have to be rounded (likely to the lower number), items usually bought for very cheap will be effected as well and that will drive costs up.
Ohioan Columbus, Ohio
05/16/17 2:20 pm
I don't think the fact a penny costs more to make than or is worth is a value argument. The government has lots of expenses and the mint isn't necessarily a for-profit program. I like the penny just because it makes sense to me to have or currency to that precision. If you just don't want to deal with them that's valid but I disagree.
tytheguy
05/16/17 1:22 pm
There is literally no reason to keep the penny. It's a waste of money space and time spent counting them.
civilliberia1
05/16/17 12:33 pm
We definitely rid the penny because we it cost more to make a penny then its worth: 1 cent. A pennies really dont serve a purpose because most people just have them on the floor or something a the bottom of their purse.
Zod Above Pugetropolis
05/16/17 11:53 am
The quarter. I'd also get rid of pennies and nickels, making dollars, half-dollars, and tenth-dollars (dimes) the only coins remaining. There's really no need for a smaller coin than the dime, which is worth about what a penny was anyway less than 70 years ago. People got by just fine then without half-pennies (today's nickels) or tenth-pennies (today's pennies). Once we realize there is no need for nickels, that quarters are redundant becomes obvious as well.
SHIPPY1944 Tn.
05/16/17 10:54 am
Eliminate pennies (1.7 cents) & nickels (8 cents), that cost more to mint than they are valued🤑only the Feds could loose money, while minting coins😳!
Confucius Cage free No antibiotics
05/16/17 9:46 am
When was the last time you used a penny to buy anything? Or a nickel, or a dime? You can't say that it's wrong to stop making worthless coins, because we've already done it before (anyone remember the half-penny). Other countries have gotten rid of their coins, and just round down. It also costs us more money to make coins than they're actually worth.
articulat
05/16/17 9:41 am
I'm not going to pretend to understands the economics but there's a reason why they started making the coins with "collectible" backs - there's some kind of science that goes into physical money and its affect on inflation etc when it's out there but not being spent, also the multiplier factor that it does for the economy when money is produced but then the amount of times it's used before becoming uncirculated. At some point inflation will make the penny a useless piece of physical currency just like those foreign currencies where 100,000 of something equals 1 USD... 1 of those somethings is meaningless
OhTheIrony Learning from you
05/16/17 9:18 am
We should mint pennies and nickels in smaller quantities, but we should not eliminate them altogether. The denominations we have are purposed for functional utility, so the economic argument against their production can only be a component of the discussion. We must also consider the possible impacted parties, of which there are amny.
TomM
05/16/17 8:03 am
In my opinion they could get rid of all of them including the $1 coin. Let us all use plastic.
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