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It is even possible that dimes should go away. "The United States abandoned its own most worthless coin, the half-cent, in 1857, when a half-cent was worth mor
by snarf21 10y ago
It is even possible that dimes should go away.
"The United States abandoned its own most worthless coin, the half-cent, in 1857, when a half-cent was worth more than a dime is today." [http://www.nytimes.com/roomfordebate/2012/04/04/bringing-dollars-and-cents-into-this-century/please-finally-end-the-penny http://www.nytimes.com/roomfordebate/2012/04/04/bringing-dol...]
We need to drop the paper dollar too. The biggest problem is that the new dollar coin is too close in size to the quarter and people get confused (especially elderly) but I think we have to suck it up and say tough. Some countries even have $2 and $5 dollar coins. As things go more and more digital, we need these denominations less and less.
As for the rounding or difference up to a quarter, make that a federal sales tax to fund currency production. If you pay with cash, you incur an additional cost of up to $0.24 per transaction to support the cost of money. If you pay digitally, you pay the exact amount. Just a thought...... :)