A Proposal for Coin Reform

Coins’ value is far too low for how costly they are to produce and ease of use. If you actually tried to use coins to buy something, you’d have to carry around several pounds worth of coins, which would be uncomfortable and difficult. This has been true for a long time, but the higher inflation goes, the more inconvenient and worthless coins become. I have a simple proposal which I believe addresses all of these concerns while keeping coins in circulation.

1. All coins should be worth 10 times their current face value. Pennies would be worth 10 cents, quarters $2.50, $1 coins would become $10 coins.
2. Stop printing new $1, $5, $10 bills, which would be replaced by coins. Remove $50 bills too because $50 bills are stupid and no one likes them. Seriously, just use a $20 or a $100 weirdo.
3. Get rid of the last digit of currency. All prices, etc. are rounded to nearest $0.10. Ten cents today is worth less than a penny was in 1960.