Usa Nickel
Should the USA mint stop making pennies and just start with nickels?
Why or why not?
It isn’t a question of IF the penny should be eliminated, but WHEN. How worthless must it be before it is eliminated? In 1982, the U.S. government switched the penny from an almost pure copper content to a zinc coin with a copper coating. Instead, they should have eliminated it in 1982. Now the penny is even too worthless to make out of zinc. How many cheaper materials must we find prior to just eliminating a coin that people don’t want and don’t pick up if it falls out of their hand?
Even the nickel is too expensive to make in it’s current state. The U.S. government should have eliminated the penny in 1982 and should now be working on eliminating the nickel and dime. You can’t just eliminate the nickel because their would be no way to make change between a quarter and dime.
At the same time, this would free up coin sizes to make $1 and $5 coins. Paper $1 bills barely last a single year and are a huge waste of money. Yet, $1 coins will never work unless the goverment eliminates the paper $1 at the same time. This is because businesses will never give $1 coins as change for fear that their customers would rather have bills. Eliminating the option is the only way it will work. Most industrial nations have coins worth over $5 already. The U.S. is way behind.
Oh…and the idea that eliminating the penny will make them valuable is ridiculous. There are hundreds of billions of pennies in circulation. They won’t exactly be rare anytime soon and aren’t made of precious metals like silver.
“Nickel Plate Story” 1953 – American Trains & Railroad History
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