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America Forgot It's Allowed to Stop Making Coins
A video on YouTube. In Explainers, a Krater category.
Watch on YouTubeSummary by Krater
This video explores the history and economic unviability of the US nickel, arguing that it should be abolished alongside the penny and dime to streamline currency.
From the video
Answers: Why does the US continue to make nickels when they cost more to produce than they are worth?
- US nickel history
- Coin minting costs
- Inflation and currency purchasing power
- Abolishing the penny and nickel
- US currency reform
What it concludes
- Making nickels costs the US government $135 million more each year than the currency is worth.
- The nickel costs 5.5 cents to produce.
- Abolishing the penny, nickel, and dime would simplify transactions and save $135 million annually.
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