| Author |
 Replies: 186 / Views: 18,397 |
|
|
|
Valued Member
United States
392 Posts |
I liked the copper alloy cent. The nickel has intrinsic value based on the metal content. Money should have some basic value. Why should the government produce cheap clad coins and tell us they have value beyond their cost to produce? I don't mind a small rebate on my taxes paid.
|
|
Pillar of the Community
United States
2273 Posts |
Quote:
Okay, so the nickel should be next. What are the options? The most logical thing is to retrieve the ones in circulation because they are so valuable and represent tax payer money. So to do this start making nickels out of aluminum. As soon as there are plenty of nickels in circulation begin withdrawing the old ones. After the old ones are gone shrink the aluminum five cent coin to about the size of a penny and withdraw the large nickels. In ten or fifteen years if Congress keeps spending far more money than they have we can just eliminate everything under a quarter. Time don't fly, it bounds and leaps.
|
|
Moderator
 United States
189767 Posts |
Quote:  |
|
Moderator
United States
189767 Posts |
Quote:
In ten or fifteen years if Congress keeps spending far more money than they have we can just eliminate everything under a quarter. Cut to the chase and do that now. This will push more people to use electronic payments.  |
|
Pillar of the Community
United States
1280 Posts |
The most surprising thing to me is how they've essentially just disappeared. I've tried asking several banks, and none have any that they're willing to part with
|
|
Moderator
United States
189767 Posts |
Yup, they will be gone by the end of the year.  |
|
Moderator
United States
97925 Posts |
I asked my bank (wells Fargo here in Phoenix - we can still buy pennies, AND they will also buy them back (up to $100.00 per transaction)
|
|
Moderator
United States
189767 Posts |
Buy them out then! |
|
Bedrock of the Community
United States
19969 Posts |
Quote:
The very first penny that required more than one cent worth of human time and effort to produce and distribute was a crime. HERE! HERE! Powerful lobbyists and ignorant congress members pushing the false narrative of "it will hurt the poor". |
|
Bedrock of the Community
United States
19969 Posts |
Quote:
In ten or fifteen years if Congress keeps spending far more money than they have we can just eliminate everything under a quarter. Coinage is honestly DEAD, all of it needs to go. Let the penny and the rest live exclusively in electronic form. The days of producing, handling and transporting metal slugs needs to end. The whole process is a tremendous waste of our money across the board compared to the value it gives consumers. We would save hundreds of billions of dollars doing away with all coins. Lincoln Cent Lover!VERDI-CARE™ INVENTOR https://verdi.care/
|
|
Valued Member
United States
89 Posts |
I haven't had problems getting them from the bank yet
|
|
Moderator
United States
189767 Posts |
Quote:
Powerful lobbyists and ignorant congress members pushing the false narrative of "it will hurt the poor".  Quote:
Coinage is honestly DEAD, all of it needs to go... At this point in my life, I am not gonna fight it. |
|
Pillar of the Community
 United States
7962 Posts |
Quote:
Quote:
everything will go up 1 cent or 4 cents---billions to be made---
That is a myth. Stop spreading it. In fact, where I am THE OPPOSITE IS TRUE. The Walmart and Kroger where I shop are all rounding the change on cash purchases UP. So, you buy an 89 cent item (like I did today), pay with a dollar bill, and you get 15 cents back. Yep, I got a 4.5% discount by paying in cash!  Edited by tdziemia
06/18/2026 11:23 am
|
|
Moderator
United States
189767 Posts |
As it should be! You saved them the transaction fee for electronic payment.  |
|
Valued Member
United States
239 Posts |
True. Until EVERY MERCHANT starts passing on the transaction fee to everybody. It used to be just the cost of doing business, not anymore. COVID changed that. Used to be it was against the terms of service to pass the fee on to the customer, it may still be that way but they don't enforce it.
|
| |
Replies: 186 / Views: 18,397 |
First Page
Previous Page
Posted 01/03/2026 09:34 am
