While visintg a coin collecting forum s I usually do for what reason I am unsure because they are mostly people jsut showing off collections which amounts to a bunch of braggarts which I deplore…
It comes up a USA Act to remove the dollar bill in favor of the dollar coin, and to remove the nickel and penny due to “losses” due to the higher cost to make them over their face value.
Well after figuring that the Mint made $400 million dollars more coinage face value than it cost them and the fact that someone has to pay that $400 million to buy the coins in order for them to be released, people still claim we are losing money on the nickel and penny.
Longer story somewhat short, I keep saying it wold be foolish to get rid of the penny as then you would still have the quarter to deal with even though everything would round to the dime. Nobody addresses it, only that the penny costs more than face value to make.
Maybe someone here has some brain power and can tell me, in what world would the quarter still have a point to exist without the nickel and the penny, since the concept of getting rid of them is based on Canada, while they only got rid of the penny and have the nickel to still support their quarter.
So why would we even have a quarter is no nickel or penny?
Why not just get rid of the quarter and nickel and keep the dollar, nickel and penny coins to same money. Sure the penny will still cost more than face, but we aren’t losing money and they have usefulness.
So why keep the quarter with no function for it, as it would always have to be used 2 at a time, which there is a coin for that, called the half dollar if we are rounding to dimes?
are people just so brain dead or that bad at math they would have refused to address the quarter? Are we so poor as a country we are having to count pennies, literally, so much that we can only survive by getting rid of the penny? :blink: