Changing Change - What should the U.S. Mint do?

[Gramps]

DOWN WITH THE PENNY? WOW! WHAT WOULD REPLACE THE OLD ".99 SALE PRICE THAT'S BEEN THE STANDARD FOR AGES?

Gramps

 

[Doc]

I read that it costs 2.4 cents to make a penny and 11.2 cents for each nickel. The U.S. Mint is discussing changing the mix of metals to make it less expensive. Apparently the administrative cost of making a penny costs half a penny.

I personally think we should get rid of pennies, nickels, and dimes.

What do you think?

Not so much Nickles and Dimes (Although, their time may be swiftly approacing...), but, definately Pennies. (Copper will be going up in price in future years anyways...it is an incredibly important metal....)

Sooner or later, though, "hard currency" will be an anachronism, as we all simply trade in digitial money. (Still need better security, before that will be fully trusted, though)

Maybe redesign the Nickel, using less and cheaper materials....

 

[anti.reptile]

Are federal wages and pension obligations the reason for the cost? Privatize the US mint and problem solved.

 

[NCmusicman]

People are fickle and would change anything just for the sake of change. Some want to get rid of change because they can't count without using their fingers. The monetary system matches our numbering system, allows those of us smart enough to use it to have fun with it, collect it, and jingle it in our pockets. Get a life folks.