Do You Think That The US Mint Should Keep Making Pennys - Page 4

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Author	Replies: 53 / Views: 5,390	Page: of 4

jbuck Moderator United States 188213 Posts	Posted 01/30/2019 4:51 pm Quote: Now here's an alternate thought. Yes it is true that it costs more than $0.01 to make a penny on each but what about the fact that it only cost $0.17 to make $100 bill? In all reality you're still turning a net profit in the end. First, the $100 bill in not a mint product, so that profit does not count. Second, yes, the mint makes a profit on the dime and up, but the point is they could be making more profit. A lot more. At some point, the losses on the cent will override they profit they do make as other costs increase. Stop trying to make it work! Just kill the cent already. Coin Collector Since 1978 Avatar Old Avatar 7070 Eisenhower Australia Canada World CCF Members on eBay CCF eBay Search Engine Report this Post to the Staff
babysitr Pillar of the Community United States 1339 Posts	Posted 01/30/2019 5:49 pm It's sad, but jbuck is dead right!! Report this Post to the Staff
nick10 Pillar of the Community United States 3207 Posts	Posted 01/30/2019 6:32 pm Now that a quarter has the buying power the cent had when the cent was the smallest circulating denomination, round all cash totals to the nearest quarter. Drop production of all coins other than quarters, or revalue the dollar. Report this Post to the Staff
llewellin Pillar of the Community United States 1005 Posts	Posted 01/30/2019 7:03 pm They've kept making them long past the time they've stopped being useful, and it's getting to the point where it's kind of funny. I think at this point they should just stay the course and commit to ironically minting pennies by the tens of billions for generations to come. Report this Post to the Staff
Pauldog Valued Member United States 325 Posts	Posted 01/31/2019 03:26 am I was visiting in Italy in the 1980's, and there the lowest-valued coin was 10 lira, made of aluminum. Report this Post to the Staff
jbuck Moderator United States 188213 Posts	Posted 01/31/2019 09:10 am Quote: Now that a quarter has the buying power the cent had when the cent was the smallest circulating denomination, round all cash totals to the nearest quarter. I thought I was being aggressive by suggesting that we make the dime the "new cent" (eliminate cent and five cents coins), but that works for me! Solves the "How can you have a quarter with no nickel?" problem. Quote: I think at this point they should just stay the course and commit to ironically minting pennies by the tens of billions for generations to come. I want to say that would never happen, but there is a non-zero chance it will. Quote: I was visiting in Italy in the 1980's, and there the lowest-valued coin was 10 lira, made of aluminum. Aluminium cannot save the cent. It would barely save the nickel. Hmm, a non-nickel nickel. Coin Collector Since 1978 Avatar Old Avatar 7070 Eisenhower Australia Canada World CCF Members on eBay CCF eBay Search Engine Report this Post to the Staff
GrapeCollects Pillar of the Community United States 8938 Posts	Posted 02/04/2019 5:31 pm A Pickel Nickel Report this Post to the Staff
jbuck Moderator United States 188213 Posts	Posted 02/05/2019 10:25 am Quote: A Pickel Nickel Coin Collector Since 1978 Avatar Old Avatar 7070 Eisenhower Australia Canada World CCF Members on eBay CCF eBay Search Engine Report this Post to the Staff
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