What denominations would you choose for today’s coinage?
renomedphys
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I’ll start:
Dime, quarter, fifty cent, dollar, $2
Anything bigger than a quarter could be smaller than traditional sizes and bimetallic draw a distinction.
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Replace the quarter with the 20 cent piece. I mean, we don’t have a $25 bill.
Nothing is as expensive as free money.
Bring back the $500, $1000, $10000. Coin, paper, I don't care
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Agree. Get rid of the cent and possibly the nickel. They cost too much to make for commerce. Make some for collectors each year but charge a premium to cover the cost of making them plus a small profit for the mint.
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Careful. Apparently, that’s a forbidden topic here.
Nothing is as expensive as free money.
The quarters eagle, half eagle and regular eagle. Do something solid for our country, just saying ✌️
With inflation I agree they should bring back the $500 bill. 50 years ago when I was a kid the $100 bill had huge purchasing power, in fact the $20 bill was considered a big bill in the 1970s.
For coinage I'd be fine with just the dime, quarter and $1 pieces. The paper currency lobby won't let us get rid of the $1 bill but it needs to go. Along with the cent and nickel.
Penny, Half Dime, Dime, Quarter, Half Dollar, Large Sized Dollar for circulation.
5, 10, 25
I believe in Canada they round to the nearest 5c for the TOTAL transaction. Individual items can be priced to 1c. Seems to have worked for them the last dozen years or so. Cents remain legal tender.
Nickel, dime, quarter, half dollar, dollar
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Dime, Half, $1, $2.
Coins should be resized (half is too big) and compositions may need to be changed.
Consider $5 and $10 if preventative measures can be taken to prevent counterfeiting by certain foreign countries.
If you eliminate the nickel, the quarter must go as well.
$200 and $500 bills would be nice but the anti-money laundering concerns will never allow it.
I agree mostly with the OP but I would lose the half dollar (too large a coin) and make sure the $1 and $2 coins are small and easily distinguishable from the quarter. The SBA dollar was an epic fail and I like the Sacagawea -- just can't get people to use them for whatever reason. In terms of bills, it is hard to use 50s in regular commerce let alone a $100. I can't imagine a $200 or $500 note being widely accepted. We should also get rid of the $1 and $2 bills making the $5 the lowest denomination.
No one thinks we should bring back the three cent silver??? Strange.....
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10c 20c 50c $1, $2
Might as well just put a scannable chip in everybody’s head or hand and get it over with.
Mr_Spud
Get rid of cent, nickel, dime.
I agree, and tax evasion concerns. Remarkable that $100 bill has lost 90% of its purchasing power in my lifetime and I'm 60.
A $100 bill in 2025 has the equivalent purchasing power of a $10 bill 60 years ago.
No! Not the quarters!😂🤣
Then you have to find a way to deal with nickels. If you are going to go through the politics of eliminating pennies, might as well bring back the half dime. Honestly for pennies, all they have to do is decide that they are not issuing any for circulation like half dollars and dollars.
In this day and age coins are not the problem. Bills are.
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Keep only the quarter.
The Swiss have a 1000 franc note which equals about USD$1,100.
I think part of the takeaway here is that aside from the above poster, everyone here pretty much thinks we 1. need to abolish the cent, and 2. need to rework what’s left.
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The biggest problem is that dollar bills are not going anywhere. A 2019 report suggests that it would actually cost more money to replace dollar bills with coins. Now that cash is increasingly used less and there are sorting processes that allow bills to last longer, replacing the dollar bill with a dollar coin is not going to really work. You abolish the cent, you are going to have to rework the five cent piece, not only that you could get rid of the cent without Congress tomorrow collectively if we wanted to and there is a reason it has not happened. If banks can cut off CRHers for ordering too many halves, why can't they do that with cents, many stores refuse to accept them in bulk.
10c (current size)
50c (size of current nickel)
$1 (size of current quarter)
$5 (between current quarter and half dollar size)
Or no more coins.
Add 10c, 50c, $500, and $1000 bills to the current bills in use
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Cent as a collector's item only to honor its legacy as the only coin continually struck since the beginning, still legal tender but not issued en masse until deflation makes it worthwhile (I know it won't happen)
Half Dime over the Nickel, purely for cost of production reasons.
Dime, Quarter, Half Dollar can remain as they are. Make the half dollar more acceptable and supported in commerce.
a smaller non-round Dollar and a similar but larger $2 coin,
$5, $10, and a $20 as a circulating commem.
If Congress could chase out the lobbyists keeping our coinage stagnant, we can finally get ahead of the game.
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Coins ... let's try these
Dime, Half Dollar, Dollar and Two and a Half Dollar (Quarter Eagle). All prices and transactions to the nearest tenth of a Dollar
Currency ... how about
$5's, 10's, 20's, 50's, and 100's just like today (lose the 1's and 2's). I guess I COULD see 500. and $1000. bills, but rarely are we (as a generally society) paying cash for things greater than about $20.k, and even though a couple straps of hundreds doesn't exactly fold up in your pocket, it isn't an unmanageable stack of bills. And 500.'s and 1000.'s would be difficult to break, and could present potential counterfeiting problems and risks.
.
My 2c ... which, coincidentally, would become a VERY dated statement after the above changes
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It has been a long time since I have worked a cash register. I suspect losing the 50 cent would not change much in commerce.
Quarter, dollar, $2.50, $5.
Notes $10, $20, $50, $100, $500.
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I deal in cash in a retail situation daily, using the same cash registers and vending machines we could easily go to:
10c (dimes), 25c (quarters), $1 coin, $5 coin and then $10, $20, $50, and $100 bills. Simple.
Round the total purchase to the 1/10th of a dollar.
TIPS $5, $10, $20 coin.
In 1913 the smallest coin was the cent, and its purchasing power was greater than that of a quarter today. To approximate the purchasing power of the four lowest-denomination coins in circulation 100+ years ago, I would opt for denominations of 25 cents, one dollar, 2 dollars and 5 dollars.
However, this likely would be only a temporary fix, since there's a good chance that inflation will continue to erode the purchasing power of all coins
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Other currencies have it worse than us. Take the Turkish Lira for example.
I think the future of coins will be bullion anyway and people do not like using coins unless they have to. It's unfortunate but it is the truth.
None. Coins are so last century
In order to eliminate the cent we would need a three cent piece as well as a two cent piece in order to make change as no one would want to round up/down with their money during a purchase even if reality says it is meaningless. Meanwhile if you ask most young people if they even carry change or cash the answer is no, so maybe we don't need to do anything with coins as they will soon just be a curiosity that no one will even use shortly down the road.
PS I love three cent silvers.
Agreed. Most of them get stuck in jars anyways or weigh down pockets. While we're at it can we ban the following:
bicentennial quarters and halves
sacajawea dollars
susan b dollars
presidential "gold" dollars
That would eliminate about 75% of my inbound calls
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The EU used to print a 500 euro note until about 5 years ago...they stopped printing because of money laundering, drug use, counterfeiting, etc.
Conversely, the largest Chinese note is 100 yuan which is ~$14. I'm not sure if that is due to counterfeit concerns or government mandated currency controls (to not allow easy, unsupervised movement of large amounts).
First thing I thought of was rounding
I love rounding to nearest dollar at McD's.
Link it to a charity.
Since it costs money to count loose change. Might as well.
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I there were no new circulating coins, there will probably be more coin collectors.
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