4 ms·
In my ideal world, we'd get rid of pennies, nickels, and quarters, and go to dimes and 50¢ pieces, only. And maybe dollar coins, I dunno. I'd also be open to g
by handrous 5y ago
In my ideal world, we'd get rid of pennies, nickels, and quarters, and go to dimes and 50¢ pieces, only. And maybe dollar coins, I dunno.
I'd also be open to getting rid of everything but quarters. There's damn near nothing you can buy for under 25¢—hell, it's getting hard to find much under a dollar, with tax—and that's just gonna get worse every year. Rip the band-aid off and make the quarter the new lowest denomination.
Online inflation calculator tells me a penny in 1913 is the equivalent of 27¢ today, so, yeah, let's go with the second option, actually. It's simpler. Quarters and maybe dollar coins, get rid of the rest. If we start working on it now, quarters might still be worth picking up off the ground by the time the policy's in effect.
- dillondoyle 5y agowould have to upgrade a whole hell of a lot of laundry machines if got rid of quarter! $.5 only is too big imho would have impacts on low earners and families that buy a lot of food.
- handrous 5y agoNo, I proposed either quarters-only, or dimes + fifty-cent pieces. [EDIT: That is, I agree with you that just 50¢ pieces would be too large a minimum-coin-size] Dimes are currently worth the equivalent of sub-penny coins in past decades (~40% of a 1913 penny), like the half-penny, and since those were useful then I can see the argument for keeping them around. Nickels and pennies are just useless. IMO by the time we got around to getting rid of dimes, if we started now, they'd also be useless, so I'd also be open to just going straight to quarters-only.