4 ms·

US should drop nickel and dime, go to 25¢, 50¢, and $1 coins. Nothing smaller than a quarter’s really worth screwing with, when dealing with physical currency.

US should drop nickel and dime, go to 25¢, 50¢, and $1 coins. Nothing smaller than a quarter’s really worth screwing with, when dealing with physical currency. We’ve gone so long without dropping the penny that the dime’s nearly worthless, too.

imglorp 3y ago
One problem is sales tax. With a percentage calculation after a sale, uneven totals are the rule. It would be better if retail prices all included tax, rounded already.
- colanderman 3y ago
  That is true even with pennies. 5% of $4.99 is 24.95¢.
  - ssl-3 3y ago
    An rounding error is inevitable, but the question is: Should this potential error be multiplied by a factor of about 5, 10, or 25?
- lamontcg 3y ago
  prices should include all taxes and fees
  - lostlogin 3y ago
    > prices should include all taxes and fees Ever tried Airbnb? It makes the even the most relaxed human start to twitch.
- nerdbert 3y ago
  In many eurozone countries totals are rounded to the nearest 5 cents at the register if you pay cash. If you pay electronically then the exact amount is debited. There are some weirdos who decide how to pay based on whether or not the rounding is in their favor (e.g if the total ends in a 2 they'll pay cash but if it ends in a 3 they'll pay with card). But I don't think these amounts are enough for stores to care, especially considering how much they save by not having to deal with 1¢ and 2¢ coins.
  - mattkrause 3y ago
    A guy in Canada tried this when they got rid of the penny. After a bunch of careful scheming, he ended up…$0.89 (or something like that—-it was certainly under a buck).
- Taniwha 3y ago
  Then do what every other county on the planet does, include sales tax in advertised prices
  - Mountain_Skies 3y ago
    Not even true next door in Canada. Don't know why so many are in love with the phrase "every other country" to attack the US when it only serves to destroy their credibility.
bigstrat2003 3y ago
I'm not opposed to that, but the problem is then the $.25 coins will be worthless due to inflation, and then the $.50, and so on. We would just be kicking the can down the road, unless we can stop the government from continuing to debase the currency.

imglorp 3y ago

One problem is sales tax. With a percentage calculation after a sale, uneven totals are the rule. It would be better if retail prices all included tax, rounded already.

colanderman 3y ago
That is true even with pennies. 5% of $4.99 is 24.95¢.
- ssl-3 3y ago
  An rounding error is inevitable, but the question is: Should this potential error be multiplied by a factor of about 5, 10, or 25?
lamontcg 3y ago
prices should include all taxes and fees
- lostlogin 3y ago
  > prices should include all taxes and fees Ever tried Airbnb? It makes the even the most relaxed human start to twitch.
nerdbert 3y ago
In many eurozone countries totals are rounded to the nearest 5 cents at the register if you pay cash. If you pay electronically then the exact amount is debited. There are some weirdos who decide how to pay based on whether or not the rounding is in their favor (e.g if the total ends in a 2 they'll pay cash but if it ends in a 3 they'll pay with card). But I don't think these amounts are enough for stores to care, especially considering how much they save by not having to deal with 1¢ and 2¢ coins.
- mattkrause 3y ago
  A guy in Canada tried this when they got rid of the penny. After a bunch of careful scheming, he ended up…$0.89 (or something like that—-it was certainly under a buck).
Taniwha 3y ago
Then do what every other county on the planet does, include sales tax in advertised prices
- Mountain_Skies 3y ago
  Not even true next door in Canada. Don't know why so many are in love with the phrase "every other country" to attack the US when it only serves to destroy their credibility.

bigstrat2003 3y ago

I'm not opposed to that, but the problem is then the $.25 coins will be worthless due to inflation, and then the $.50, and so on. We would just be kicking the can down the road, unless we can stop the government from continuing to debase the currency.