Maybe should abolish penny as make them out plastic and make nickel (5 cent piece) out of aluminum. Other suggestion is to make dime, quarter, and half dollar out of nickel plated steel.
It is obvious that the US mint can no longer support the rising cost of production materials without added value. The more likely solution for this problem would be to eliminate the penny and the nickel. I believe it to be in the best interest of all to do so as we have eliminated factional coinage in the past without any repercussions. It will also reduce the amount of pocket change and make our purchases simpler. For those within the Numismatic world it will be just another day in history while they profit from the increasing value of the newly extinct coins. It is time to face the facts…..inflation is a part of economics that justifies today and there isn’t any reason to be concerned about tomorrow ……like life itself ……it will find a way to survive us.
March 11th, 2008 at 2:56 am
Maybe should abolish penny as make them out plastic and make nickel (5 cent piece) out of aluminum. Other suggestion is to make dime, quarter, and half dollar out of nickel plated steel.
July 20th, 2008 at 7:35 pm
It is obvious that the US mint can no longer support the rising cost of production materials without added value. The more likely solution for this problem would be to eliminate the penny and the nickel. I believe it to be in the best interest of all to do so as we have eliminated factional coinage in the past without any repercussions. It will also reduce the amount of pocket change and make our purchases simpler. For those within the Numismatic world it will be just another day in history while they profit from the increasing value of the newly extinct coins. It is time to face the facts…..inflation is a part of economics that justifies today and there isn’t any reason to be concerned about tomorrow ……like life itself ……it will find a way to survive us.