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Nickels won't, because of quarters/dimes math. But yes, the penny tray is freed up.

Maybe quarters also go (perhaps with half-dollars becoming more common, which, alongside dimes and dollars, would give the same first-three-steps scale as penny/nickel/dime, just shifted a decimal place.)
The current half dollar is a rejected monster. Nickels should be too.

Shifting a decimal place works for me. Prices when I grew up up in the 60s & 70s were a fraction of today's. Penny candy WAS REAL! And the "five & dime" had stuff for, well, nickels & dimes. Not a lot, but some things. Nowadays it's dollar stores (a blight on the landscape) - their prevalence tells ya sumthin'bout the disposable income situation of many, many citizens.

Yes, and reduce the size of new_half_dollar to current_quarter; new_quarter to current_nickel; dime remains same size. Nix nickels and pennies. Dollars become smaller than current_half_dollar, but larger than current_quarter.
If you reuse currrent form factors for larger denominations, people will exploit it.
I agree — tangentally Gresham's Law [0]

>"Bad money drives out good."

Perhaps reduce denominations to bespoke sizes — but just make them smaller [2].

[0] <https://en.wikipedia.org/wiki/Gresham%27s_law>

[2] I am among the few people who actively uses half dollar coins — they're simply too bulky for most people (I'm a fatguy so I've got enough pocketspace).

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