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No More Pennies Or Nickels Next Year in the U.S.A.
ttown
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Has this been discussed here yet?
No More Pennies Or Nickels Next Year in the U.S.A.
Mr. Geithner has been busy lately. Amongst his many other pressing tasks, he took the time to announce that the U.S. Mint will be removing the penny and nickel from circulation in the U.S. starting early next year. The reason is clear. It now costs the mint $US 0.048 to make a penny and $US 0.162 to make a nickel. They are still just above the break even point on the dime, which costs them $US 0.092 to produce. That won't last, according to Mr Geithner, so the dime will be the next to go - probably in 2014. - Bill Buckler, Gold This Week...01 December 2012
No More Pennies Or Nickels Next Year in the U.S.A.
Mr. Geithner has been busy lately. Amongst his many other pressing tasks, he took the time to announce that the U.S. Mint will be removing the penny and nickel from circulation in the U.S. starting early next year. The reason is clear. It now costs the mint $US 0.048 to make a penny and $US 0.162 to make a nickel. They are still just above the break even point on the dime, which costs them $US 0.092 to produce. That won't last, according to Mr Geithner, so the dime will be the next to go - probably in 2014. - Bill Buckler, Gold This Week...01 December 2012
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My Complete PROOF Lincoln Cent with Major Varieties(1909-2015)Set Registry
Here's where I found it. Didn't want to bore you folks with a PM thread.
No more penny or nickels in US
Obama, etc. are carping about how much they cost to make (nothing new there), but they haven't said they're going to stop.
Right?
My Complete PROOF Lincoln Cent with Major Varieties(1909-2015)Set Registry
<< <i>If people would THINK for a moment they would realize that a change to our monetary coinage like this can not happen in AMERICA without a huge human outcry from the people. EVERYONE would know about it well before it actually happens. Just like the "Fiscal Cliff". >>
...
The conversation often is initiated with this: "I heard 'they' stopped making them."
"Everything is on its way to somewhere. Everything." - George Malley, Phenomenon
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<< <i>Most of the 30's and under I know don't use cash at all. Cashless society is coming, more than likely in the name of money laundering IMO. >>
Does this mean that you still believe the original post???
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<< <i>
<< <i>Most of the 30's and under I know don't use cash at all. Cashless society is coming, more than likely in the name of money laundering IMO. >>
Does this mean that you still believe the original post??? >>
I simply ask a question from a piece on the web I later posted the source and them went out and googled it to debuck it since no one seemed to even know about this other than coin world.
My opionion is like anyone else but being a collector since 1965 on and off I can tell you many things will change before I die. Do you belive that Social Security and Medicare are stayting the same? There's coming a time real soon when the budget going to have to be examined and some of the ways of the past will be gone. For us over 50 it might upset us but I can tell you all my kids their friends don't pay with cash they use debit and credit cards that's just the way it is around here. That's been discussed here many a time and upsets some of us with life long collections that we have some good money in as we've collected over the years.
They call me "Pack the Ripper"
"Jesus died for you and for me, Thank you,Jesus"!!!
--- If it should happen I die and leave this world and you want to remember me. Please only remember my opening Sig Line.<< <i>Look at all those European countries that joined the E.U. all their currency/coins were abolished in a flash because of the Euro.The people had to be devastated! >>
I cannot keep Deutsch Marks in the shop. And the attitude : " I prefer fiscal responsibility to fiscal cliffs and the Germans will go back to the DM, so I'm going to buy all I can " I get confused and think we should spend change instead of hoarding it. As nickels and pennies go, there are few collectors, nowadays.
When the cost of the metal exceeds the cost of manufacture, the only wise choice is "recall", or "a bounty". It doesn't make cents for the government to print up trillions and not reclaim our natural resources with a small reward for the people, and meanwhile get the commodity back for half or less than half the cost of manufacture. That's my view and I'm probably off the deep end. Just thinking aloud. There's a simple way to get the people to work. I know this would put a dent in CoinStar's business model. So, I'm not particularly interested in hurting business ventures either. I'm thinking long term comprehensive solution to a very complex issue facing all governments and "monetary" policies. It's silly to spend more and get less for your dollar.
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<< <i>Didn't we have a thread about this topic,just about a week or two ago? Cashless society is about to happen! Get use to it! >>
Not as soon as you think, and definitely not in my lifetime!