Circulation Coinage Changes

Goob

In theory, if the nickel were to stop being produced and pulled from circulation, how likely do you guys think it is that halves or even dollar coins would finally make their appearance back into circulation?

MsMorrisine

half dollars are being minted for circulation today, but i think neither would be used as long as quarters and paper are available

may

Maybe in different forms, like nickel sized dollars or such. Coins are still needed, but inflation has devalued them greatly. For example, a penny from 1793 (when it was first minted) was worth more than a quarter today accounting for inflation. A dollar coin from around that time is worth $25 today!

In theory, we should scrap nickels and dime and start fresh with quarter, halves, dollars, 5 dollars, and maybe even up to $20 coins. In fact $1 was worth $20 (accounting for inflation) in 1940, which is still within many peoples' lifetimes. Why can't we do it again is my question.

I personally think that a good ol' throwback would be perfect. Quarter eagles, half eagles, etc would fit pretty well into daily commerce. Think about going into the supermarket with a single coin about coming out with a carton of eggs, or a jug of milk and some bread. Sounds crazy doesn't it, even though our parents and grandparents did it daily.

I fear that the end of coins is near, definitely in mine and the younger generations' lifetime. The only way to save them is to increase their value, as with the current rate of inflation the current denominations are unsustainable. Sorry if this was a little rant-y, just a couple of shower thoughts compiled together.

MsMorrisine

@may said:
Maybe in different forms, like nickel sized dollars or such. Coins are still needed, but inflation has devalued them greatly. For example, a penny from 1793 (when it was first minted) was worth more than a quarter today accounting for inflation. A dollar coin from around that time is worth $25 today!

with silver content considered, it is worth over $75

Goob

@MsMorrisine said:
half dollars are being minted for circulation today, but i think neither would be used as long as quarters and paper are available

While they are being minted for circulation, I've actually never received one in circulation outside of coin shows, so I really wouldn't imagine they get much farther than banks.

Goob

@may said:
Maybe in different forms, like nickel sized dollars or such. Coins are still needed, but inflation has devalued them greatly. For example, a penny from 1793 (when it was first minted) was worth more than a quarter today accounting for inflation. A dollar coin from around that time is worth $25 today!

In theory, we should scrap nickels and dime and start fresh with quarter, halves, dollars, 5 dollars, and maybe even up to $20 coins. In fact $1 was worth $20 (accounting for inflation) in 1940, which is still within many peoples' lifetimes. Why can't we do it again is my question.

I personally think that a good ol' throwback would be perfect. Quarter eagles, half eagles, etc would fit pretty well into daily commerce. Think about going into the supermarket with a single coin about coming out with a carton of eggs, or a jug of milk and some bread. Sounds crazy doesn't it, even though our parents and grandparents did it daily.

I fear that the end of coins is near, definitely in mine and the younger generations' lifetime. The only way to save them is to increase their value, as with the current rate of inflation the current denominations are unsustainable. Sorry if this was a little rant-y, just a couple of shower thoughts compiled together.

It would definitely make sense to add bigger denominations of coins;
Personally I think that the US should do what Canada did and retire the $1 bill to make way for the $1 coin, as, just like with Canada, the $1 bill has the shortest lifespan of any bill type. This is also where we get a $2 or $5 coin to come in, as without a nickel, IMO it would be a little odd to have an odd number of circulation coin denominations. This way, we'd have the dime, quarter, dollar, and two dollar coin. Of course, this excludes the idea of the half dollar making its own comeback.