# Should small-value coins be discontinued?

## In 1857, the US government discontinued the half cent coin. What coins should be discontinued today?

• ### None, keep it the way it is.

• Total voters
19
• Poll closed .

#### wayneh

Joined Sep 9, 2010
16,399
I'm all for eliminating pennies, if only to get rid of those ridiculous prices that end on 0.99. They'd have to end in 0.95!

#### RichardO

Joined May 4, 2013
2,271
Just for reference, the Denver US Mint no longer _really_ makes pennies. They merely stamp the front and back onto pre-made blanks. The stamping is done by a Swiss made machine!

#### JoeJester

Joined Apr 26, 2005
4,326
I'm all for eliminating pennies, if only to get rid of those ridiculous prices that end on 0.99. They'd have to end in 0.95!
You think so? I tend to believe they will end in $1.05 with a multiple nickles as tax. #### #12 Joined Nov 30, 2010 18,210 The stamping is done by a Swiss made machine! That clears this up. Exporting U.S. jobs to a Swiss machine is un-American. Ban the foreign made pennies! #### #12 Joined Nov 30, 2010 18,210 You think so? I tend to believe they will end in$1.05 with a multiple nickles as tax.
I agree. Every change screws the little guy, and my butt is already sore.
(I have a heat rash.)

#### GopherT

Joined Nov 23, 2012
8,012
Just for reference, the Denver US Mint no longer _really_ makes pennies. They merely stamp the front and back onto pre-made blanks. The stamping is done by a Swiss made machine!

By the way, the process of lightly stamping metal to bend or straighten, texturize or polish, surface harden (by work hardening), or to shear or puncture a small section of a pre-made blank is called "coining".

And, where did you expect the equipment to be made? China, Korea, Japan, ...?

#### tcmtech

Joined Nov 4, 2013
2,867
I'm all for eliminating pennies, if only to get rid of those ridiculous prices that end on 0.99. They'd have to end in 0.95!
So what about vehicle fuel prices that end in 9/10 cent?

What purpose are they serving now exactly?

#### RichardO

Joined May 4, 2013
2,271
And, where did you expect the equipment to be made? China, Korea, Japan, ...?
Well, when I was a child the machines were obviously US-made. They were loud and dirty.

#### shortbus

Joined Sep 30, 2009
7,857
If the penny goes, I'll never get my empty jar collection filled.

Joined Jul 18, 2013
21,270
Max.
Max.

#### GopherT

Joined Nov 23, 2012
8,012
Here is the analysis to eliminate the paper dollar and replace with a coin by the GAO

http://www.gao.gov/products/GAO-13-164T

Savings of about $300M per year. I cannot find the old report on eliminating nickel and penny - I think it was much lower ($75M?)

#### #12

Joined Nov 30, 2010
18,210
Getting rid of the penny in Canada saves $11M/year Savings of about$300M per year.
I keep thinking, "Savings for whom?"

Savings for me to pay a minimum of $1 for a stick of chewing gum? Savings for me to round all my purchase prices UP to the next higher dollar? Saving the pockets of my pants by carrying dollar size coins? Thread Starter #### GopherT Joined Nov 23, 2012 8,012 I keep thinking, "Savings for whom?" Savings for me to pay a minimum of$1 for a stick of chewing gum?
Savings for me to round all my purchase prices UP to the next higher dollar?
Saving the pockets of my pants by carrying dollar size coins?
Don't worry, only seem to be pushing elimination of penny & nickel so things get rounded to nearest dime. Elimination of paper dollar and replace with dollar coin - a coin only slightly bigger than quarter, or, slightly smaller than a quarter with a dual metal design.

#### GopherT

Joined Nov 23, 2012
8,012
I keep thinking, "Savings for whom?"

The real savings for me will come when I no longer have to wait for my wife to rummage through her purse looking for exact change and watch her re-count it as she hands it to a cashier.

#### tracecom

Joined Apr 16, 2010
3,944
"Should small-value coins be discontinued?"

Don't all US coins fall into that category? Bills too for that matter. Fiat currencies, by definition have no value.

Instead, maybe the Federal Reserve should be discontinued.

#### GopherT

Joined Nov 23, 2012
8,012
"Should small-value coins be discontinued?"

Don't all US coins fall into that category? Bills too for that matter. Fiat currencies, by definition have no value.

Instead, maybe the Federal Reserve should be discontinued.
I guess it's an issue of context and frame of reference.

#### tracecom

Joined Apr 16, 2010
3,944
I guess it's an issue of context and frame of reference.
Yeah, I was being obtuse and sarcastic.