Do You think the Jefferson Nickel is Doomed?

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  • privatecoin
    privatecoin Posts: 3,853 ✭✭✭✭✭
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    @Typekat said:
    Even in 2017, the nickel cost more than 11c to produce, not including the cost of shlepping this worthless token around to make change. .

    You mean the worthless dollar. Like silver and gold did the nickel is rising in material value.

    Paper money eventually returns to its intrinsic value. Zero. Voltaire. Ebay coinbowlllc

  • Typekat
    Typekat Posts: 732 ✭✭✭✭✭
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    But you’re still making a coin that literally buys NOTHING.

    30+ years coin shop experience (ret.) Coins, bullion, currency, scrap & interesting folks. Loved every minute!

  • cladking
    cladking Posts: 30,314 ✭✭✭✭✭
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    @Typekat said:
    But you’re still making a coin that literally buys NOTHING.

    A nickel is enough to pay all of many people's bills for about two minutes.

    It isn't much but it's worth a lot more than it costs to count them.

    Lots and lots of bolts, nuts, and small parts cost less than 5c. For lack of a nail...

    tempus fugit extra philosophiam.
  • cladking
    cladking Posts: 30,314 ✭✭✭✭✭
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    It was once said that a few trillion here and a few trillion there and it starts adding up to real money.

    The dollar ain't what it used to be.

    If we eliminate the nickel we must get rid of the dime or the quarter. We would be wasting the billions of dollars it required to make them and this is one of the chief reasons the dollar has been so trashed.

    tempus fugit extra philosophiam.
  • Typekat
    Typekat Posts: 732 ✭✭✭✭✭
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    my local Ace hardware sells nothing for less than 24c, oddly enough.

    30+ years coin shop experience (ret.) Coins, bullion, currency, scrap & interesting folks. Loved every minute!

  • crazyhounddog
    crazyhounddog Posts: 14,252 ✭✭✭✭✭
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    @Typekat said:
    my local Ace hardware sells nothing for less than 24c, oddly enough.

    We are all getting scammed now.

    The bitterness of "Poor Quality" is remembered long after the sweetness of low price is forgotten.
  • Cameonut
    Cameonut Posts: 7,436 ✭✭✭✭✭
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    @Typekat said:
    my local Ace hardware sells nothing for less than 24c, oddly enough.

    Your local Ace must be in a really bad economic area. My local Ace sells many bits and pieces for under a quarter, I bought some just yesterday. Oddly enough, I think you were trying to send another message which failed.

    “In matters of style, swim with the current; in matters of principle, stand like a rock." - Thomas Jefferson

    My digital cameo album 1950-64 Cameos - take a look!

  • The_Dinosaur_Man
    The_Dinosaur_Man Posts: 1,593 ✭✭✭✭✭
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    The nickel should have been canceled in 1873.

    Custom album maker and numismatic photographer.
    Need a personalized album made? Design it on the website below and I'll build it for you.
    https://www.donahuenumismatics.com/.

  • Typekat
    Typekat Posts: 732 ✭✭✭✭✭
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    I was going to, I’m no fan of dimes, either.
    BUT, we could just go decimel and round to the nearest 10c, thereby keeping the dime viable.

    30+ years coin shop experience (ret.) Coins, bullion, currency, scrap & interesting folks. Loved every minute!

  • acelm
    acelm Posts: 60 ✭✭✭
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    @Typekat said:
    I was going to, I’m no fan of dimes, either.
    BUT, we could just go decimel and round to the nearest 10c, thereby keeping the dime viable.

    I'd rather round everything to quarters. Dimes would be ambiguous if a price ends in 5, but 25 is odd so you wouldn't have that problem

  • Alpha2814
    Alpha2814 Posts: 388 ✭✭✭✭
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    @acelm said:

    @Typekat said:
    I was going to, I’m no fan of dimes, either.
    BUT, we could just go decimel and round to the nearest 10c, thereby keeping the dime viable.

    I'd rather round everything to quarters. Dimes would be ambiguous if a price ends in 5, but 25 is odd so you wouldn't have that problem

    +1 for quarters. Without changing the current denominations or specs, I think most people would rather carry only quarters rather than dimes and halves (and halves are not as commonly accepted in vending machines or parking meters).

  • privatecoin
    privatecoin Posts: 3,853 ✭✭✭✭✭
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    Stay ahead of destroying the dollar errrr... inflation, and just rise everything to a dollar now.

    Paper money eventually returns to its intrinsic value. Zero. Voltaire. Ebay coinbowlllc

  • BryceM
    BryceM Posts: 11,940 ✭✭✭✭✭
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    I want to be able to pay for a dinner for two with my pocket change. Bills should be pulled out for fancy dinners, rent payment, and groceries for a month.

    Why not? Loosing a coin used to be a big deal. Today, some people just throw away their change. It’s useless. Even the quarter.

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