To the editor: As a banker, I’ve been ready for years for the federal government to cease making pennies (“U.S. Mint moves forward with plans to kill the penny,” Might 22). However the true problem is that our cash ain’t price what it was once, so we’d like a brand new plan that really displays the devaluation of the greenback.
Preserve the penny, however title it the nickel, as pennies value 4 cents to fabricate. Make the nickel the dime and make it smaller, for the reason that nickel prices 14 cents to fabricate. Change the dime into the quarter, the quarter into 50 cents and get rid of the paper greenback, additionally a cash loser. Preserve the greenback coin. Its lengthy lifespan (estimated at 30 years) in contrast with the greenback invoice (6.6 years) makes it a less expensive possibility. Begin paper cash with the two-dollar invoice if wanted or simply transfer on to the $5 invoice.
President Trump can thank me for this good plan.
George Kahn, Culver Metropolis
