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this post was submitted on 10 Feb 2025
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politics
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The last coin to be removed from circulation was the half penny, or hay-penny. At the time they stopped minting it, it had the buying power of 18 cents.
We could stop minting pennies, nickels, and dimes, all of which cost more than their face value to mint.
Trump is a fucking moron and a fascist, but rapist clocks are right twice a day.
Edit: I looked it up, and I was wrong. The dime does not cost more to mint than its face value, but the penny and the nickel do. The dime is still functionally worthless, and could easily be removed from circulation without affecting commerce.
I had a weird pluto-esque reaction, like, 'aw, but dimes are my favorite!' I didn't even know I had a favorite. Why???
I think if it'd be more practical to get rid of them, we should.
Dimes would make a fine choice for the smallest denomination. You could still divide dollars to the nearest tenth of a dollar, which is more than sufficient. They have no buying power by themselves, but a stack can buy something.
A stack of pennies is still garbage.
Sounds a bit too metric to me. The smallest denomination should be 1/12th of a dollar.
They're small but worth more. That's neat
This would only make sense if we only used the coin once. It does not matter that it costs more to mint the coin as they are not single use items.
What getting rid of small change does is directly harm the less well off.