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 Replies: 16 / Views: 2,075 |
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Pillar of the Community
United States
1228 Posts |
www.coinnews.net pennie composition to change zinc,copper,surging prices
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New Member
United States
10 Posts |
Stainless or surgical?  |
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New Member
United States
22 Posts |
Don't forget the mint is mandated to release for Collectors mostly copper cents.
I am thinking these might be like the Silver Ikes, and be from the S mint though.
If they go to steel, expect carbon steel, with some sort of coating.
Stainless Steel has Nickel in it, which they are trying to avoid.
Edited by Alcochaser
05/08/2008 11:28 pm
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Pillar of the Community
 United States
1228 Posts |
They state that there going to change the .5 nickel to because it costs 7.5 cents to make them check it out https://www.coinnews.net click on todays news and scroll down ! |
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Pillar of the Community
United States
543 Posts |
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Pillar of the Community
United States
543 Posts |
The mint, or gov't better get ready for some massive hoarding by the public!
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Pillar of the Community
United States
1208 Posts |
It says that they are still debating, and surely a long
way from passing anything.
Maybe they should just look at temporarily halting production
of the cent and nickel for a while. ?
They could just make NFC coins and maybe a few here and there
if there is a serious shortage. That would keep them from huge
losses, without worrying about constitutional issues and trying
to revamp coinage.
From what I understand, different departments of the Treasury
and Mint are against this, while others are for it.
Depending on exactly how this affects their jobs...
Same with congress. There are those crying foul over the
congress putting it's responsibilities off on the Treasury.
Edited by ratio411
05/09/2008 5:03 pm
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Pillar of the Community
United States
6326 Posts |
Ahh the ever changing cent.......metals, content, designs......hummmmm....
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Valued Member
United States
499 Posts |
Take a look at Canada. Without a magnet they look pretty much the same as they have always looked.
Richard
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Valued Member
United States
486 Posts |
The hot-shots in Washington don't realize ever since U.S. stopped backing our currency with gold and silver the economy has been on the decline. The ONLY reason our money is worth anything is because the government tells us it is. I wish our economy would do as well as it did in the forties and fifties. I've got a great new idea for the government to turn a profit at our economic expense: Pennies and nickels minted on plastic bingo chips. -PP
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Valued Member
United States
499 Posts |
if the government felt that the plastic would hold up long enough they probably would!
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New Member
United States
10 Posts |
One word, Two syllables..... Cash-Less
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Pillar of the Community
United States
1208 Posts |
Quote:
The hot-shots in Washington don't realize ever since U.S.
stopped backing our currency with gold and silver the
economy has been on the decline. The ONLY reason our money
is worth anything is because the government tells us it is.
I wish our economy would do as well as it did in the forties
and fifties. I've got a great new idea for the government to
turn a profit at our economic expense: Pennies and nickels
minted on plastic bingo chips. -PP They had to take us off the gold standard! How else could they print/mint more currency for little/no money? Relatively speaking... This way they can give you a dollar that is only worth 7 cents, as opposed to a dollar that is worth a dollar. It is a hidden 93 cent tax that the sheeple happily pay. Oh, then there is the gold reserve... All that dough became free for political plunder. A HUGE tax levied on the American people that they stilldon't comprehend or recognize! It's all gone now. Thanks alot! Edited for spelling and syntax. Edited by ratio411
05/10/2008 10:58 am
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Pillar of the Community
United States
1208 Posts |
Quote:
One word, Two syllables..... Cash-Less No, that's "value-less" Not to mention that all a terrorist, disgruntled loonie, or petty criminal has to do to screw things up REALLY BAD is some well placed EMP. Even EMP on a small scale could ruin some one's life when all their cyber-money is obliterated. It's a wonder that it hasn't happened yet. We are nearly as vulnerable now, considering how digital money is. I guess at this point it is more profitable to steal some one's cyber-money and/or identity than to just erase it. Even the problems we have now, with ID theft alone, would be harder to pull off with tangible value to our money. Edited by ratio411
05/10/2008 11:15 am
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Pillar of the Community
United States
615 Posts |
Current money has value because it is the only way people can pay their taxes. That fact creates demand. That demand is increased by the fact people have started to borrow dollars for cars, houses, and so on. They need dollars to pay those debts. It is the debt that give the money its value and creates it. If everyone was out of debt including the U.S. government, then the only money in existence would be coinage.
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Pillar of the Community
United States
1228 Posts |
Bullion out ways design any day of the week
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Replies: 16 / Views: 2,075 |
Posted 05/08/2008 11:26 pm
