Alright already we know it costs more ta make a penny, than the damn thing's worth! But the good ol' nickel? Seriously... Whaddya propose replacing the 5 cent piece with?
Obama wants alternatives for the penny, nickel
March 4, 2014, 3:28 PM
Shutterstock.com
It takes more than a penny to make a penny. But that may, er, change.
President Barack Obamas budget for the fiscal year that starts Oct. 1 says the Treasury is doing a comprehensive review of U.S. currency, including the production and use of coins.
Three separate studies are looking at alternative metals for production, U.S. mint facilities, and how consumers use currency.
These studieswill result in the development of alternative options for the penny and the nickel, the presidents fiscal year 2015 budget says.
The budget notes that the production and circulation of currency in the U.S. has been mostly unchanged for decades, in spite of the growth of electronic financial transactions. Treasury says the review is to efficiently promote commerce in the 21st century.
The budget doesnt mention phasing out either the penny or the nickel. There are those who want the penny out of circulation, like the Cambridge, Mass.-based group Retire the Penny.
The cost to make a penny was 1.8 cents in 2013, according to the U.S. Mint. It cost 9.4 cents to make a nickel. Costs came down compared to 2012 as metal prices fell.
Uke said
4:52 PM, 03/04/14
Specs for common change we carry. In our pockets. Usually. Forget the 50 cent pieces though! Nobody carries more'n one. Maybe...
That penny in the pic above... The flip side (obverse) shows the Lincoln Memorial right? That coin, 1951 yeah? The Lincoln penny did not have the memorial until 1959, not 1951!
But wait, there's more! Including everything ya ever wanted ta know about the cood ol' penny! Mercun version, not those cheapo ones from Canuckistan! (Although we find 'em in our pockets (!) from time ta time in GPNW!) It's like they grow when yer lookin' the other way!
Get rid of all the small change...everything costs atleast a dollar...
get rid of the the dollar and 2-dollar bills because everything now
cost atleast 5 bucks. Can you see where this is going.
Thunderwagon5000 said
1:33 PM, 03/05/14
Can you say magnetic chip implants ?
Troll said
2:06 PM, 03/05/14
Uke wrote:
Alright already we know it costs more ta make a penny, than the damn thing's worth! But the good ol' nickel? Seriously... Whaddya propose replacing the 5 cent piece with?
Replace the nickel with five pennies you dumbass.
Uke said
4:15 PM, 03/05/14
Tell O'bama, not me!
Troll said
8:35 PM, 03/05/14
Uke wrote:
Tell O'bama, not me!
Uke said
3:08 PM, 03/06/14
Got a Canuckistan penny with a few other coins as change...from the damn post office! I'm gonna call O'bama right now ta complain! We gotta do something! Soon tu!
Alright already we know it costs more ta make a penny, than the damn thing's worth! But the good ol' nickel? Seriously... Whaddya propose replacing the 5 cent piece with?
Obama wants alternatives for the penny, nickel
It takes more than a penny to make a penny. But that may, er, change.
President Barack Obamas budget for the fiscal year that starts Oct. 1 says the Treasury is doing a comprehensive review of U.S. currency, including the production and use of coins.
Three separate studies are looking at alternative metals for production, U.S. mint facilities, and how consumers use currency.
These studieswill result in the development of alternative options for the penny and the nickel, the presidents fiscal year 2015 budget says.
The budget notes that the production and circulation of currency in the U.S. has been mostly unchanged for decades, in spite of the growth of electronic financial transactions. Treasury says the review is to efficiently promote commerce in the 21st century.
The budget doesnt mention phasing out either the penny or the nickel. There are those who want the penny out of circulation, like the Cambridge, Mass.-based group Retire the Penny.
The cost to make a penny was 1.8 cents in 2013, according to the U.S. Mint. It cost 9.4 cents to make a nickel. Costs came down compared to 2012 as metal prices fell.
Specs for common change we carry. In our pockets. Usually. Forget the 50 cent pieces though! Nobody carries more'n one. Maybe...
http://www.usmint.gov/about_the_mint/index.cfm?action=Coin_specifications
That penny in the pic above... The flip side (obverse) shows the Lincoln Memorial right? That coin, 1951 yeah? The Lincoln penny did not have the memorial until 1959, not 1951!
But wait, there's more! Including everything ya ever wanted ta know about the cood ol' penny! Mercun version, not those cheapo ones from Canuckistan! (Although we find 'em in our pockets (!) from time ta time in GPNW!) It's like they grow when yer lookin' the other way!
http://en.wikipedia.org/wiki/Lincoln_cent
More of this schi...topic. I call it "Phun With Coins!" (And so do they. The websight! But it was my damn idea, 'cause I thunk it first! Dammit!)
http://www.usmint.gov/kids/campcoin/funwithcoins.cfm?browserType=isSC
get rid of the the dollar and 2-dollar bills because everything now
cost atleast 5 bucks. Can you see where this is going.
Can you say magnetic chip implants ?
Replace the nickel with five pennies you dumbass.
Dammit!