this post was submitted on 22 May 2025
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CGP Grey suggests we should get rid of all coins but the quarter, and points out that when the penny was first minted, it had more buying power than a quarter does today, at a time when all transactions were done in cash. It has a certain appealing simplicity, 4 big coins = one dollar. decimal values would still be possible by debit, so it would avoid the nonsense of the British pence and shilling non decimal shit.
Americans will never use dollar coins. I thought 1 and 2 euro coins were convenient, you could try introducing them for the 12th time once you get rid of the other coins, but then again, China and supposedly Russia and India too, everyone is mostly fine using a QR code.
I don't get the point of dollar coins. If ApplePay and GarminPay exist, why would I ever want to carry around physical coins? They're heavy and awkward and just generally worse than NFC payments. The US has dollar coins but their use is solely in being desk jewelry, not transactions.