I say the penny and the nickel have got to go, and we need to adopt $1 and $2 coins. Last time I was in England it was so nice to walk into a convenience store and pull out a £2 coin to pay for my things, rather than having to get my wallet out. Plus, a bus fare is often £2, so you can just stick one coin in the machine rather than 8 25-cent pieces.

Lastly, after doing away with the penny and nickel, we ought to adopt a 20¢ coin, and resize the 50¢ coin so it becomes more practical. I’d much rather stick a $2 coin into a parking meter than have to sift through my change storage for 8 quarters.

Nothing can be purchased with pennies, as very few things even cost less than a dollar anymore. It’s a waste of taxpayer money to continue making them. Also, the $1 coins would last much longer than the bills, so that would also save money. The government needs to stop living in the past and get rid of these unnecessary coins!

From what I understand, in 1913 the lowest denomination coin was the cent. Following inflation, that would translate to twenty-two cents in today’s dollars. If they were able to live in 1913 with a coin with the lowest value of what we now know as 22¢, I think we could survive with a dime as the lowest denomination today.

Despite a service life of only a year, the dollar bill is more popular that the dollar coin because nobody wants to carry around bulky change. Congress made both the bill and coin legal (for the same reason of keeping jobs) and is basically letting the public decide. The dollar coin is being made, it just isnt as popular as the bill.

As for pennies and nickels, sometime when you have to handle them, count out quickly how long you spend handling them. I came to a realisation one day that I had just spent more time just scooping up a small pile of them from my kitchen counter and walking them across the room to drop into a change bucket than they were worth.

For people making federal minimum wage, a pennies and nickels are worth only 6 and 31 seconds of your time, respectively. Here in New York, where we have a higher minimum wage, that drops to 5 and 25 seconds. At $12/hr, it becomes 3 and 15, and professional salaries quickly rise into levels where the value of a penny or a nickel is better measured in milliseconds.

I say stop wasting my tax money and my time. This is an ineffective use of resources.

If its more expensive to make the coins then their dollar value, the nation should just dump the penny and save the money.

Great State of Tennessee:
State sales tax 7%
Local Option tax 2.75%

Grand total of 9.75%

As far as the pennies and nickels are concerned…..RETIRE RETIRE RETIRE!

I like the comment on Australian tax being rounded up or down. That sounds like a pretty doable thing here in the states to me.

Just as a rant, why the hell did the government spend more money printing new colored $5 and $10 bills when we are already printing more money than we really have accounted for in gold?!? Is that truly necessary?

Also, it’s only pre-1982 cents that are worth more than a cent in metal content. The Zincolns are now less than 2/3 of a cent.

But Gresham is still alive and well.

We also need to reduce the size of the penny(unless we get rid of it) and nickel. There is no reason a nickel needs to be so large!

From the pocket change saved above, we should really circulate the dollar coins that we already have, and throw in a two dollar coin.

For the sake of the visually impaired, we should resize our currency like that of the Euro, so that denominations would be discernible from size alone.

And less important, with the 5 dollar bill turning purple and the 10 turning yellow, why do we insist on the ugly mixture that occurs when we add those colors to the green we already have? We should go all out, making colorful money, or keep it green and simple.