Comments on: Nickel Swap for Half-Dime Clarified in Legislation http://www.coinnews.net/2008/09/23/nickel-swap-for-half-dime-clarified-in-legislation-5-cent-restoration-act-of-2008-hr-6942-4363/ CoinNews delivers breaking coin news, unique coin articles, coin news videos and free numismatic services for new and experienced coin collectors. Mon, 13 Feb 2012 22:25:46 +0000 hourly 1 By: Munze http://www.coinnews.net/2008/09/23/nickel-swap-for-half-dime-clarified-in-legislation-5-cent-restoration-act-of-2008-hr-6942-4363/comment-page-1/#comment-17486 Munze Fri, 05 Mar 2010 00:24:48 +0000 http://www.coinnews.net/?p=992#comment-17486 We need to rethink the whole coinage system. While history means we're probably stuck with the quarter instead of a 20¢ piece as used by most true decimal systems, there's no reason we shouldn't plug the gaps between the 1¢ and 5¢ coins with a functional 2¢ piece and ditto for $1 coins and $5 bills. Why hang onto sizes and denominations that date back to the 19th century? Coins sizes no longer have to be proportional so a new 2-cent piece could be multi-sided and in between a cent and nickel in diameter. Likewise a $2 coin could be bimetallic on the order of the Canadian "twonie" (a very successful coin). We need to rethink the whole coinage system. While history means we’re probably stuck with the quarter instead of a 20¢ piece as used by most true decimal systems, there’s no reason we shouldn’t plug the gaps between the 1¢ and 5¢ coins with a functional 2¢ piece and ditto for $1 coins and $5 bills.

Why hang onto sizes and denominations that date back to the 19th century? Coins sizes no longer have to be proportional so a new 2-cent piece could be multi-sided and in between a cent and nickel in diameter. Likewise a $2 coin could be bimetallic on the order of the Canadian “twonie” (a very successful coin).

]]> By: Jim http://www.coinnews.net/2008/09/23/nickel-swap-for-half-dime-clarified-in-legislation-5-cent-restoration-act-of-2008-hr-6942-4363/comment-page-1/#comment-5002 Jim Tue, 30 Sep 2008 04:42:51 +0000 http://www.coinnews.net/?p=992#comment-5002 Nobody ever sells anything for a round figure. It's always $n.95 or $n.99. Same thing with gas. I guess the marketers think there are dumb people out there who still don't recognize the fact that all it takes is 5 cents, 1 cent, or 0.1 cent to round up to the next $ so that whatever it they're buying is actually more expensive than what they think. The theory is lost on me. It's just like showing you a buck and saying that's all it costs but don't mention that you still have to pay sales tax and so it really costs more than a buck. Nobody ever sells anything for a round figure. It’s always $n.95 or $n.99. Same thing with gas. I guess the marketers think there are dumb people out there who still don’t recognize the fact that all it takes is 5 cents, 1 cent, or 0.1 cent to round up to the next $ so that whatever it they’re buying is actually more expensive than what they think. The theory is lost on me. It’s just like showing you a buck and saying that’s all it costs but don’t mention that you still have to pay sales tax and so it really costs more than a buck.

]]> By: Brian "Goof" Young http://www.coinnews.net/2008/09/23/nickel-swap-for-half-dime-clarified-in-legislation-5-cent-restoration-act-of-2008-hr-6942-4363/comment-page-1/#comment-4984 Brian "Goof" Young Sun, 28 Sep 2008 19:42:36 +0000 http://www.coinnews.net/?p=992#comment-4984 I was really hoping the government would save us some money making steel 1 cent & 5 cent coins by 2010. What about a 9/10 of a cent coin for the pointless 9/10 cent per gallon the gas stations add to the price of a gallon of gas? That is so stupid now that gas is around $4/gal. I was really hoping the government would save us some money making steel 1 cent & 5 cent coins by 2010. What about a 9/10 of a cent coin for the pointless 9/10 cent per gallon the gas stations add to the price of a gallon of gas? That is so stupid now that gas is around $4/gal.

]]> By: Richard http://www.coinnews.net/2008/09/23/nickel-swap-for-half-dime-clarified-in-legislation-5-cent-restoration-act-of-2008-hr-6942-4363/comment-page-1/#comment-4897 Richard Tue, 23 Sep 2008 21:13:32 +0000 http://www.coinnews.net/?p=992#comment-4897 Frank Lucas need to get his head out of the MicroWave, its about half the size before he put in in. If the U S Mint was to make a half cent out of Zinc and Copper , the smaller coin size many would be lost and another enviromental condition. The current penny does not hold up in salt water beaches. I know I found my share metal detecting and maybe the government should have any Banking Office collect all damage coins pulled from circulation and replace with clean coins and sent back to the Treasury. I can't afford to mail in damaged coins because they would cost to much to ship. I believe there would be a million dollars in damaged coins turned back in for cash. It hard to straighten out a coin thats been hit by a Lawn Mower blade. Coins should get the same privilege as mutilated currency Frank Lucas need to get his head out of the MicroWave, its about half the size before he put in in. If the U S Mint was to make a half cent out of Zinc and Copper , the smaller coin size many would be lost and another enviromental condition. The current penny does not hold up in salt water beaches. I know I found my share metal detecting and maybe the government should have any Banking Office collect all damage coins pulled from circulation and replace with clean coins and sent back to the Treasury. I can’t afford to mail in damaged coins because they would cost to much to ship. I believe there would be a million dollars in damaged coins turned back in for cash. It hard to straighten out a coin thats been hit by a Lawn Mower blade. Coins should get the same privilege as mutilated currency

]]> By: Jim http://www.coinnews.net/2008/09/23/nickel-swap-for-half-dime-clarified-in-legislation-5-cent-restoration-act-of-2008-hr-6942-4363/comment-page-1/#comment-4894 Jim Tue, 23 Sep 2008 19:35:58 +0000 http://www.coinnews.net/?p=992#comment-4894 Some of these people turn their brains off when they get to Washington and don't bother to think again. Apparently this guy can't put together more than a few sentences at a time which is why this stupid bill is so short and not thought out at all. Some of these people turn their brains off when they get to Washington and don’t bother to think again. Apparently this guy can’t put together more than a few sentences at a time which is why this stupid bill is so short and not thought out at all.

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