US Cash Denomination & Swedish Rounding Simulator

Checkout Register Simulator

Swedish System

Item Subtotal ($)

State & Local Tax (%)

Payment Method

Preset Basket

Coin Elimination Policy

Eliminate Penny (1¢) Phases out 1¢ piece. Cash rounds to nearest 5¢ (nickel) if nickel retained.

Eliminate Nickel (5¢) When both 1¢ and 5¢ are eliminated, cash rounds to the nearest 10¢ (dime).

MINT & COMMERCE POINT-OF-SALE
SIMULATED TRANSACTION RECEIPT

Subtotal: $14.37

Tax (8.0%): $1.15

Exact Billed Total: $15.52

Method: Physical Cash

          Cash Rounding Adj.:
          -$0.02
        

FINAL CASH DUE: $15.50

Pennies & nickels eliminated. Cash rounded to nearest dime (10¢). Exact electronic/crypto debit would be $15.52.

Logged Simulations

#	Subtotal	Tax	Exact Total	Pay Mode	Adjustment	Final Total

Mint Seigniorage & Unit Costs

U.S. Mint Data

Seigniorage is the difference between currency face value and its manufacturing cost. Negative seigniorage means the Treasury loses tax dollars on every coin struck.

Penny Production Cost

$0.0369

Face: 1.0¢ | Loss: -2.69¢ / coin

Nickel Production Cost

$0.1378

Face: 5.0¢ | Loss: -8.78¢ / coin

Current Exact Total

$15.52

Rounded Cash Total

$15.50

Rounding Adjustment

-$0.02

Mint Cost Savings (Per Tx)

$0.04

Production Cost vs. Face Value (USD)

Quora Economic Inquiry: "Could Crypto Replace Cash if Coins are Retired?"

1. Swedish Rounding vs. Digital Compulsion:

Retiring the penny and nickel does not force an economy into cryptocurrency or cashless accounts. As proven in Canada (2012), Australia (1992), and Sweden, physical cash transactions simply utilize Swedish rounding at checkout:

Nickel Rounding (5¢): If only the penny is retired, change ending in 1, 2, 6, 7 rounds down; 3, 4, 8, 9 rounds up. Over hundreds of transactions, net consumer impact converges to $0.00.
Dime Rounding (10¢): If both penny and nickel are retired, amounts round to the nearest ten cents (e.g., $15.52 becomes $15.50; $15.56 becomes $15.60).

2. Legal Tender vs Voluntary Acceptance:

Under 31 U.S. Code § 5103, United States coins and currency are legal tender for all debts, public charges, taxes, and dues. Private merchants can choose whether to accept voluntary tender like Bitcoin, credit cards, or barter, but non-fiat currencies cannot be legally compelled. Phasing out sub-dime coins preserves the dollar while preventing hundreds of millions in annual U.S. Mint production deficits.