"Usa Act" May Kill Penny, Nickel & $1 Bill

Well there's no alternative available if you're outside of Scotland.

RE your one pound coins, I've got some, and like them, except that they tend to accumulate lots of scratching quickly.

That does Not seem right to me for some reason.

Called my rep in congress today to voice my support for this bill. Thanks for making me aware of it!

and

We tend to get hung up on our "rights" down here often to the detriment of society as a whole..... imo

We have to have nickels to make change.

Really a nickel is still a little tiny bit of money so it's not that big a deal to keep making it. But we need to change it to a material that is more economical. The most logical choice in my opinion is aluminum and then in a few years when everyone has adapted to the changes the nickel can be withdrawn and replaced by a smaller aluminum coins. Of course this same thing can be done with stainless steel, aluminum bronze and many other materials. The beauty of using aluminum is that almost nothing at all has to change. It's a virtually seamless transition. People have a chance to get used to having a little aluuminum nickel slowly and then this coin might be viable for decades before everything under a quarter is simply eliminated. The changeover pays for itself as the government replaces nickels worth about five cents for nickels worth less than half a cent that required 3c in minting costs. Instead of losing money everytime a penny is produced or used the country gets a penny richer everytime an old nickel return to the bank.

Exactly.

It's against the law to use them for anything except to spend or collect. This has applied to many coins in the past and it applies to pennies and nickels now.

Well like in the last or one of them, threads on this I aid reduce the production of the cent to every 5 years and such for "business strikes". as long as I can still pay for things with then and don't have to trust the high school drop-out running the cash register to round change, then yes a reduced way of making them would work.

What would be more interesting would be if the Mint silently did a test where they didn't release any new cents and see what the reaction from the public is. They could have all the cent ready for 2015, but don't release them and see if the public notices or misses them?

i am still sure there is a viable way to make a 1-cent coin for less than 1 cent, or close enough that it wont matter too much, and the nickel cold just be made out of aluminum them and be just fine for visually impaired people.

As long as they are still money, I could stock up on plenty of pennies to last me the rest of my life, so long as businesses don't get stupid and try to round things to the dime. but they likely will even if all the cents aren't reclaimed for no reason.

This couldn't be more wrong if someone tried.

You can melt down ANY coins with the exception of the cent and nickel as of the 2006 law. Before them you could melt ANY coin for its metal content. Thus why the law was passed because the metal content became more valuable than the face value.

The only thing you cannot do with US coinage is to defraud the value of it, and place advertisement on it (websites addresses, stickers, colorization for advertising, etc.)

Not sure about what Burger King did with the SBAs that one time they gave them away or if they got in trouble, but the did NOT attach anything to the coins, just placed them in a coin ziplock bag with a little card with the Burger King logo on the card and gave them away.

Coins belong to the person who owns them, BUT they are also money. You MAY spend them if you wish to.

I cannot find the video of the US Mint personnel stating that the coins were the property of who owns them, but it was on the History Channel I think in one of those shows they do.

want direct proof the above quoted statement is wrong?

http://www.usmint.gov/consumer/?action=FAQ