Let's eliminate the Dollar bill and the penny.

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JWRussell USNR

El Paso, TX

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#1
Dec 7, 2012
 
["Dollar bill and the penny
Eliminate the dollar bill? Great idea.
At the same time, eliminate the penny. It's not worth a cent and will save billions of dollars over time.
Take it one step further. Equalize the price of regular gas and diesel fuel if this country is really serious about becoming energy independent.
More and more car makers are coming out with clean, efficient diesels. Who is going to buy them if you have to pay a 70-cent premium for fuel? Ronald Casimern Northeast El Paso"]

["As of 2011, it costs 2.41 US (or $0.0241 US Dollars (USD)) to make a penny, making the coin's face value less than its actual value. The cost first exceeded the face value of pennies in 2006. The rising cost of making a penny has led to some serious reconsideration of the composition of the penny at the United States Mint, the government agency responsible for printing money and striking new coinage.

The cost of a penny is largely dictated by the materials used to make it. Pennies contain 97.5% zinc, with 2.5% copper to give them their distinctive coppery color. Prices of these metals have risen dramatically in the early 21st century, in response to market demands and increasing regulation of mining, which has made the cost of metals extraction much higher.

The obvious solution to make a penny less expensive is to change the composition of the coin, integrating cheaper metals or perhaps even plastics, as is done with some European currency. Attempts at changing the composition of the penny have met with some opposition, however, since some people are concerned that changes in the materials could change the look and feel of this iconic American coin. Others have suggested that it may be time to do away with the 1 piece altogether, a decision which would certainly change the way Americans do business."]

So America let's make a dollar coin as they did back in 1960 so the size is great enough to make sure it is not a Susan B Anthony Dollar coin and will be taken by the vending machines at Air ports and bus stations when the diners are closed. Let us have pockets in Men's pants re-enforced so the keys and the coins do not wear the pockets out. Let women not worry about losing pennies in their purses or the bell ringers and churches don't have to roll the pennies they take in as donations.

There will be some changes that have to be made with the American idioms. "A penny for your thoughts?" would disappear. "Penny ante" would disappear. All the taxing entities would have to make sure that all the taxes are rounded down to the nearest nickel and the gasoline tax would be even all around instead of $4.49.9 cents per gallon it would go to $4.50.00 per gallon.
AREU4REAL

El Paso, TX

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#2
Dec 7, 2012
 
I agree that the dollar and the penny are changed or dropped altogether. The Mexican't Government did that when they readjusted their Peso years ago to adjust for inflation. They also changed the way their metal change was designated and dropped some coinage in the process.
AREU4REAL

El Paso, TX

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#3
Dec 7, 2012
 
AREU4REAL wrote:
I agree that the dollar and the penny are changed or dropped altogether. The Mexican't Government did that when they readjusted their Peso years ago to adjust for inflation. They also changed the way their metal change was designated and dropped some coinage in the process.
Plus don't forget the dinar or the lira which have been devalue also.

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