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 Replies: 177 / Views: 13,905 |
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Pillar of the Community
United States
4897 Posts |
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McDonalds costs more than it take to make and people still waste money on it, sorry not a proper comparison...Unfortunately in the U.S. today cheap food that fills you often takes the place of actual nourishment, I do apologize however, this is a completely different topic.... Quote:
, and it is bad for you in the mass quantities a lot of people eat it in. Google Zinc toxicity. Eat a handful of Zincolns and let us know how you feel. Edited by amida17
08/07/2014 10:00 am
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Moderator
 United States
188990 Posts |
Quote:also about replacing the quarter, we did away with the Twenty Cent Piece in 1855 or something like that? (oops, it only existed form 1875~1878, it was not well received.) If only they had replaced the quarter with the Twenty Cent coin, instead of having them co-exist. These conversions would be very different. Hindsight, I know.  Quote:
Until something useful comes about why the penny is hurting us so bad, I don't see a need for change for the sake of change. Simple. Stop making cents and the government will have an additional $145,000,000 dollars each year to spend on something else, like education. It may not be billions, but every little bit helps.  Quote:
We can banter here ad nauseum but know that whatever zinc/copper/nickel lobbyists that have a senator or 3 in their pocket are going to do everything they can to prevent the cent and nickel from being deep sixed. Kill the cent and convert the five cent coin to plated zinc (Jarden is happy). Kill the one dollar note, ramp up two dollar note production (Crane is happy, or at least not as upset). Resume dollar coin production for circulation (mostly helps copper, not much nickel in them). We will just have to see how the nickel industry reacts, but I think they get more than enough love from quarters and dimes.  Quote:
You pretty much know the coin choices I have made: dollar, dime, cent. This also means it removes MY favorite coin (half dollar)... The half dollar is already "removed" in the sense that it is NIFC. The quarter can do the same, at least to finish off the ATB. For the record, and I have said this in the 600 previous threads like this, the cent (and nickel) should remain NIFC (like the half) to satisfy collector demand. By the way, if/when the cent goes NIFC, they may as well make them bronze.  Quote:
Is it always about extremes with you people? Do we need to wait until the country is literally collapsing to do anything? Sad, but true. The only consolation I have is knowing that at some point I will be able to say I told you so. |
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Pillar of the Community
United States
2272 Posts |
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the "business" as a whole is profitable, not operating at a loss. Standard Oil is a profitable business so why not just start pumping oil into all the waterways? The cleanup costs would eat up much of their profits and the lost oil will eat the rest. Everyone wins because people get jobs washing and drying ducks and the enviroments gets a nice bath. Why not have toxic slugs that impede commerce since most otf the stores have a profit anyway? Why not lkitter the streets with wrthless coins since most just end up in the sewer or dissolved away anyway? Why not spend a few cents to make one cent. The US is the greatest country in the world and if we can't afford to waste time, money, and resources no one can. Makes perfect sense to me. Time don't fly, it bounds and leaps.
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Pillar of the Community
United States
2272 Posts |
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Kill the cent and convert the five cent coin to plated zinc (Jarden is happy). There are probably already a few deaths of babies because of zinc pennies. There are dozens of dog deaths every year from them. If a zinc coin the size of a nickel were in circulation then human death tolls would soar. The coin is larger and more likely to get hung up and dissolved and it is heavier so can kill even larger babies. It would probably mean five deaths a year with one or two properly diagnosed. I'd wager it wouldn't take five years for an autopsy to turn up a partially digested nickel. This might be an understatement of the danger. Doctors don't normally think to look for zinc poisoning because doctors often don't even know pennies are zinc. Zinc poisoning does not present with specific symptoms. Time don't fly, it bounds and leaps.
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Pillar of the Community
United States
2272 Posts |
I don't know how many times I've said this; WE NEED THE NICKEL.
We need it to bridghe the gap between the dime and quarter. We can't make change without the nickel.
But the nickel doesn't need to be a massive coin. It doesn't even need to be cu/ni.
First change it to a cheaper metal so people aren't overwhelmed by all the changes and THEN once people get used to the change shrink the nickel and melt the old ones.
This process would not only save billions of dollrs but it would streamline commerce, help vending sales, and actually turn a profit for the mint. The net cost would be less than the value of the coins they melt.
Time don't fly, it bounds and leaps.
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Bedrock of the Community
 United States
12841 Posts |
@cladking, do you have any citations for your zinc toxicity claims? Yes, I realize that babies and dogs put everything in their mouths but zinc toxicity as a reason to not do away with the cent and nickel is a thin (at best) argument here.
We may need the nickel temporarily as you say to bridge the gap because of the existence of the quarter but we DON'T need the cent.
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Moderator
United States
188990 Posts |
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If a zinc coin the size of a nickel were in circulation then human death tolls would soar. I hereby retract my recommendation!  CelticKnot, I think you misread Cladking, or am I misreading you?  |
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Pillar of the Community
Canada
2805 Posts |
Zinc is just nasty and cheap - Austria got by OK with the 5-groschen for decades, but if you think Zincolns are ugly, imagine what all-zinc coins are capable of. And it has unsavoury associations with as-cheap-as-possible military occupation coinage.
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Pillar of the Community
United States
2272 Posts |
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@cladking, do you have any citations for your zinc toxicity claims? Yes, I realize that babies and dogs put everything in their mouths but zinc toxicity as a reason to not do away with the cent and nickel is a thin (at best) argument here. I haven't researched this in years. According to the research I read any mammal less than about 18 pounds could be killed by the sudden absorbtion of the amount of zinc in a single penny. In the real world a zinc penny normally won't stay in the stomach long enough to be dissolved because of the copper lining. Of course if the lining is compromised as is common and it doesn't move through quickly (such as when ingested with a nickel or quarter) then it can be fatal. It's quite surprising to me that no human deaths have been attributed to these coins but such fatalities can go undiagnosed even in autopsy. Humans, especilly adults, can normally tolerate much higher levels of zinc much healthy levels are far lower than what's in a penny. Time don't fly, it bounds and leaps.
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Pillar of the Community
United States
1158 Posts |
I think maybe we should switch to plastic pennies! |
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Pillar of the Community
1325 Posts |
I said that a few pages or so back. Also said limit them to a few per purchase, that way people would have no real way to make a profit counterfeiting them if you cold only spend 4 at a time ti make exact change. but someone will complain they still cost more than a cent to make. well maybe need 9 at a time if they get rid of the nickel. Quote:
As of 2013, based on the US Mint Annual Report released in 2014, it costs the U.S. Mint 1.83 cents (down from 2.41 cents in 2011) to make one cent because of the cost of materials, production, and distribution. So each year they are already bringing the cost down. 2011 69 million 2012 58 million 2013 55 million so just need to tweak the production and distribution since the materials cost is lower with zilcolns, or even twaek the materials cost as well. if we are going plastic penny, then I say bring "back" the wooden nickel! |
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Pillar of the Community
United States
2272 Posts |
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So each year they are already bringing the cost down. The reality is closer to that the economy imploded starting in '08 and this led to a decrease in raw material prices. Part of the reason for the implosion is that we are so supremely wasteful and nothing better represents this waste than a coin that costs more than its value tpo produce. If we ever climb out of this mess then zinc prices will explode right along with the cost of making the garbage we call "pennies". Fear not though, so long as we do things like expecting sea level rise and building cities in its path and making pennies, then there's little chance we'll ever climb out of the mess. Time don't fly, it bounds and leaps.
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Posted 08/07/2014 09:59 am
