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reijinni's avatar

Who wants to change the coins?

Asked by reijinni (6923points) July 15th, 2018

The changes involves these things:
1. Getting rid of the penny and nickel. They’re too expensive to produce
2. Change the 25-cent piece to 20-cent piece.
3. (Optional) Use dollar coins instead of dollar bills.

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9 Answers

SQUEEKY2's avatar

As a Canadian we got rid of our penny a few years back,haven’t missed it, our Government is looking at getting rid of our nickel, don’t know how far along they are with it.
We have been using coins for our one and two dollar bills for years, at first people bitched but when you realize they get far more life out of a coin than a paper bill you see it’s worth it.

ragingloli's avatar

I have a better idea.
Get rid of all fractional coins. That would force sellers to only use integer prices.

zenvelo's avatar

I could easily live without pennies, but nickels are still necessary.

A 20 cent coin isn’t an improvement.

Phasing out dollar bills would be a help.

ARE_you_kidding_me's avatar

Nickels currently are worth more in scrap than their face value. Nickels, pennies and dimes need to go. the only coins we need are quarters and dollars.

Tropical_Willie's avatar

Okay @ARE_you_kidding_me and round up on items taxed and sent the difference to Mar-a-Lago or your local state government.

SQUEEKY2's avatar

^^ sure and it will all go into the go fund a wall site^^

RedDeerGuy1's avatar

I would like to have $5 coins for vending machines.

gondwanalon's avatar

I’m all for saving money. Pennies and the paper US one dollar, and 5 dollar bills should have been dicontinued long ago.

LuckyGuy's avatar

I’d simplify to a system like the Japanese. They use the pattern: 1,5,10,50,100, 500, 1000, 5000, 10,000 etc. There are no 2s or 25s. It works so well! And the coins are called what they are. 1 yen 5 yen 10 yen etc. None of this penny, nickel, dime, quarter, half nonsense.
As a start I’d change the US coins to 5, 10, and 50 cents , and bills to $1, $5, $10, $50, $100 etc.
The next step would be to eliminate the 5 cent coin and $1 bill, and add a $1.00 coin.

Of course, by decree, the new coins would all have Drump’s head on them.

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