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Reissue The 2 Cent Coin If We Are Going To Keep The Cent?

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Doug58s's Avatar
United States
899 Posts
 Posted 07/29/2013  5:14 pm  Show Profile   Bookmark this reply Add Doug58s to your friends list Get a Link to this Reply
I've said it before and I'll say it again. No changes to any of the coins or dollar bills are going to save any money. The second they stop making them the money will be diverted elsewhere and gone - a drop of water in the apparent overflowing ocean our government believes is the national treasury. You could write about saving $99 million and I can write about a single $100 million trip that wouldn't even pay for. Trying to devise schemes around saving money at the Federal level is like trying to get McDonalds to sell nothing but healthy value packed meals... it isn't going to happen. They may claim any sorts of savings they want in any of the bills they put forth and it is a joke waiting for a punchline.

That's my 2 cents...
Edited by Doug58s
07/29/2013 5:16 pm
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CoinDan98's Avatar
United States
1053 Posts
 Posted 07/31/2013  2:15 pm  Show Profile   Bookmark this reply Add CoinDan98 to your friends list Get a Link to this Reply

Quote:
To me the financial aspect of it would be the first thing that needs to be figured out. If theres no potential savings from it the idea stops there. If there is a potential savings then it could be worth looking into the other issues.


I agree completely.
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Conder101's Avatar
United States
17884 Posts
 Posted 07/31/2013  3:01 pm  Show Profile   Bookmark this reply Add Conder101 to your friends list Get a Link to this Reply
Depends on how you classify savings. Right now they spend $200 and they get $100 in cents, net result a loss of $100. If you discontinue the cent you have the $200 that you didn't spend. That seems to be a savings of $100. Of course they then spend that $200 on something else. So now you have that something else, but you don't have the $200, an you don't have the $100 in cents. So do you have a savings or not?
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allranger's Avatar
United States
1391 Posts
 Posted 07/31/2013  3:12 pm  Show Profile   Bookmark this reply Add allranger to your friends list Get a Link to this Reply
You know, if we just went to a 2 1/2 cent coin then not problem with the nickel because two 2 1/2 cents makes a nickel and they would be worth slightly more than the cost to make them (like 0.1 cents more) :D

http://www.ngccoin.com/poplookup/wo...coinid=79181
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skyshark124's Avatar
United States
1109 Posts
 Posted 07/31/2013  5:14 pm  Show Profile   Bookmark this reply Add skyshark124 to your friends list Get a Link to this Reply
I want them to make a coin that has a blank where I fill in the value. :)
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BluegrassRiver's Avatar
United States
324 Posts
 Posted 07/31/2013  10:29 pm  Show Profile   Bookmark this reply Add BluegrassRiver to your friends list Get a Link to this Reply
! Hey!Who decided any one single denomination must be a money maker? It starts out as a false assumption! If the mint breaks even or profits on all its coin denominations in the aggregate is what actually matters.
Edited by BluegrassRiver
07/31/2013 10:31 pm
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