Canada to stop penny production
. I've long been a big proponent of the US doing the same thing.
Roscoe W. Chandler: The nickel today is not what it used to be ten years ago.
Captain Spaulding : Well, I'll go further than that. I'll get off at the depot. The nickel today is not what it was fifteen years ago. Do you know what this country needs today?
Spaudling: A seven cent nickel. Yes siree, we've been using the five-cent nickel in this country since 1492. Now that's pretty near 100 years daylight saving. Now why not give the seven cent nickel a chance? If that works out, next year we can have an eight cent nickel. Think what that would mean? You could go to a newsstand, buy a three cent newspaper, and get the same nickerl back again. One nickel carefully used would last a family a life-time.
Chandler: Captain Spaulding, I think that is a wonderful idea.
Spaulding: You do, eh?
Spaudling: Well, then there can't be much to it. Forget about it.