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Originally posted by: pjstroh
In 10 years you wont find a cashier who knows what a quarter, dime, nickel, or penny is. They wont exist anymore as all transactions will be swiped. You'll find your old change in an antique store next to the Justin Bieber CD's.
I heard recently that the value of a quarter today is a little less than the value of a penny around 1930 (or thereabouts). Which to me means that we could get by without today's pennies, nickels, and dimes, since we effectively did so in the 1930s, an era when the smallest coin of the day had the power of today's quarter.
At the very minimum, we should do what Canada has done and eliminate physical pennies, let pennies only continue in virtual transactions, and abandon the dollar bill for coins.