Is it about time, or is it still useful? If you think its time has passed, what about the nickel/dime/quarter?

    • wolfpack86@lemmy.worldEnglish
      31·
      4 days ago

      That doesn’t mean we need to mint more. Especially when it costs more than $0.01 to produce a penny.

      You’re only pointing to why we don’t invalidate the coin.

      • ReadMoreBooks@lemmy.zipEnglish
        1·
        3 days ago

        You’re only pointing to why we don’t invalidate the coin.

        Correct.

        That doesn’t mean we need to mint more.

        The question wasn’t if we should mint more. It was if we should do away with what we have.

        • wolfpack86@lemmy.worldEnglish
          1·
          2 days ago

          Sure, but functionally stopping the production is the main benefit of the decision. It means banks can’t order more and the usage will naturally wane away.

          I guess I’m saying there’s a middle ground that doesn’t require invalidating the currency