US should drop nickel and dime, go to 25¢, 50¢, and $1 coins.
Nothing smaller than a quarter’s really worth screwing with, when dealing with physical currency. We’ve gone so long without dropping the penny that the dime’s nearly worthless, too.
One problem is sales tax. With a percentage calculation after a sale, uneven totals are the rule. It would be better if retail prices all included tax, rounded already.
Not even true next door in Canada. Don't know why so many are in love with the phrase "every other country" to attack the US when it only serves to destroy their credibility.
In many eurozone countries totals are rounded to the nearest 5 cents at the register if you pay cash. If you pay electronically then the exact amount is debited.
There are some weirdos who decide how to pay based on whether or not the rounding is in their favor (e.g if the total ends in a 2 they'll pay cash but if it ends in a 3 they'll pay with card). But I don't think these amounts are enough for stores to care, especially considering how much they save by not having to deal with 1¢ and 2¢ coins.
A guy in Canada tried this when they got rid of the penny. After a bunch of careful scheming, he ended up…$0.89 (or something like that—-it was certainly under a buck).
I'm not opposed to that, but the problem is then the $.25 coins will be worthless due to inflation, and then the $.50, and so on. We would just be kicking the can down the road, unless we can stop the government from continuing to debase the currency.
