Ridiculously simple solution: Drop the hundredths place entirely. Kill pennies, nickels, quarters, bring back $.5 pieces.
A tenth of a dollar is enough precision for any realistic transaction in the United States.
A tenth of a dollar is enough precision for any realistic transaction in the United States.
The transition was straight forward and I didn't hear any complaints.
Frankly, if we're talking radical reform I'd rather keep the quarter and ditch the dime; even 10c seems too small to fiddle with most of the time, so 25c is the smallest denomination that seems worth bothering with. (Also, it's ubiquitous in mechanical coin-op devices like laundry machines, pool tables, etc.)