Reissue the half dime???? Is it plausible?
mrcommem
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This would need Congressional authority since the denomination was abolished in "Crime of 1873". Since nickel five cent coins are now worth more than face value, I suggest the the half dime is reintroduced having the same cupro-nickel clad composition as the dime, quarter, and half dollar with the same diameter and thickness of the old half dime. Since this composition is 75% copper the cost should be below 5 cents. The nickel five cent production could be suspended and replaced by half dimes.
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Are you kidding? The Virginia Congressional delegation revolted at just removing Monticello, let alone Jefferson.
substitues are unlikely to differ from current standards.
eliminate the cent, realloy the nickel, stop making stupid half dollars, make dollar coins cool, eliminate the paper dollar, and be done with it for a while
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<< <i>I suspect the public would whine that the coin is too small for use in commerce. >>
I agree. The vending industry would scream even louder. It took them thirty years
just to get the clad dimes to work in the machines so a half dime would cause a major
headache.
In principle it's a great idea.
The best bet is a simple switch to aluminum but the public would scream about this too.
Baley - if you run for office, I'll vote for you! However, a sensible idea is unlikely to make it through Congress
<< <i>the size, weight, and conductivity of coins is important to commerce.
substitues are unlikely to differ from current standards.
eliminate the cent, realloy the nickel, stop making stupid half dollars, make dollar coins cool, eliminate the paper dollar, and be done with it for a while >>
I differ one this. Eliminate BOTH the cent and the 5c nickel. Complete the elimination of the second decimal digit by getting rid og the quarter too. We should be using the 1/10 of a dollar precision for all of our minor coinage. Then reintroduce the half dollar at about the size of a nickel. Coin 10c, 50c, $1, $5, $10. That would be efficient for the market needs. Sure people will btch and whine at first. People did the same a few years ago when we went decimal on the stock exchanges, leaving the fractions to carpenters. This just makes sense. (Oh, obviously, we also stop printing $1, $5 and perhaps $10 notes too.)
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<< <i>Prediction: you will never change the basic denominations of U.S. Coins. Congress isn't going to do anything that'll rock the boat. The dollar bill, the cent, the nickel, the dime, the quarter--all are here to stay, regardless of their manufacturing cost. >>
You may be right if metals prices stop increasing right now, but at some point
the public will simply stop giving away their coins for face value. This wouldn't
be as devastating to the economy as the coin shortage in 1965 but it will be
devastating to many millions of individual transactions.
Trying to maintain the status quo can lead to disaster because things change
and time marches on whether you keep up or not.
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Are you kidding? The Virginia Congressional delegation revolted at just removing Monticello, let alone Jefferson."
That's right. I had forgotten about the Virginia coup, to hijack the nickel. From what I understand, they have permanently established Jefferson's placement on the nickel, and that of Monticello. I am a long time student and admirer of Thomas Jefferson, and I would be reluctant to remove such a great American from our coins, but assuming that there is some legal way around that, wouldn't it be nice to see a depiction of the allegorical Miss Liberty once again on our five cent piece? Bring back the half disme design, or perhaps Reich's Capped Bust, or maybe Gobrecht's Liberty Seated design, without the stars. I can dream, can't I?
MrHalfDime--It wasn't a Constitutional Amendment or anything, just a law. All Congress has to do is pass a law to repeal it, and then they can put any design on the nickel that they want to.
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Kill the cent. Kill the nickel. Bring back the half dime in the form of a cent sized Cu/Ni coin.
<< <i>Reissue the half dime???? Is it plausible? >>
Absolutely
NOT!
Can you imagine how well that would go over with the public? Like a lead balloon.