Dozer D
Silver Member
- Feb 12, 2012
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With all the high mintages of coins each year after year, and the life expectancy of a coin could be 100+ years, why does our government continue to spend millions of dollars each year to mint new coins? As compared to the $1 dollar paper note that has a life of 16-24 months before it is so badly mutilated that it has to be destroyed, our current coinage in your pocket will outlive you, your kids, and their kids. Why can't the gov't forgo minting coins, and only do so every 5 or 10 years? It's not like our coins today are made of silver or gold like they use to be. They have NO intrinsic value to them except what it says on the coin: one cent, five cents, ......etc. We don't need billions and billions of coins floating around anymore. Just look at the mockery of the mintage of the presidential dollars. They keep minting billions each year, but nobody wants them, BUT our illustrious congress mandated that we must make them, only because they may a law back then. So! Recend the law, for a program that went south. We CHR's are continuing to find coins that are over 50-75 years old. Doesn't this tell our gov't anything. That our coins are still out there.
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Disposable these days, so those arent an issue...But I agree....simpley for the fact that a Nickel and Dime doenst buy you Shiii now-a-days.
