Some Republican lawmakers have come up with the idea to replace FDR's picture on the dime with Ronald Reagan's. The project seems unlikely to proceed, considering that Nancy Reagan is opposed.
Nancy Reagan voiced her opposition Friday to an attempt by Republican lawmakers to put Ronald Reagan's likeness on the dime in place of Franklin Delano Roosevelt.Just because there's one face on coin now doesn't necessarily mean it should be that way forever, but I understand where Mrs. Reagan is coming from. Personally, my biggest objection would be that President Reagan isn't dead yet, and I don't think we should go to such lengths to commemorate someone who is still alive. It's unseemly.
"While I can understand the intentions of those seeking to place my husband's face on the dime, I do not support this proposal and I am certain Ronnie would not," the former first lady said in a statement released Friday.
"When our country chooses to honor a great President such as Franklin Roosevelt by placing his likeness on our currency, it would be wrong to remove him and replace him with another," she said. "It is my hope that the proposed legislation will be withdrawn."
My alternative proposal is to mint an entirely new 18-cent coin to bear Reagan's image. We could then phase out the dime later. A change system that used 1-cent, 5-cent, 18-cent, and 25-cent coins would be 17% more efficient than our present system. The average number of coins needed per transation would be reduced from the current 4.70 to a mere 3.89!
Ideally, we should eliminate the penny entirely and round all final figures to the nearest nickel. Unfortunately, the big zinc-mining states would never go for that (zinc is the major component of pennies).