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New Metal For Pennies And Nickels

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Pillar of the Community
livingdinasaur's Avatar
United States
1571 Posts
 Posted 08/11/2007  5:06 pm  Show Profile   Bookmark this reply Add livingdinasaur to your friends list Get a Link to this Reply
I think that if the cent were eliminated, they would have to make everything end in 5, or 0, and make the 9/10 cost illegal! That way we would get a nickel as the smallest amount of change for an item. Then make the nickel from the same alloy as the 1909 cent. Then we could keep working on the varieties, and not worry about having a one-cent coin that costs almost Two Cents to produce. Dump the dime, and dollar bill. Make the the coinage then 5 cents, 25 cents, fifty cents, two dollars, ten dollars, fifty dollars, one hundred dollars. Then re-call all the two-bit sized dollars! Just don't mess with IKE!
Dick
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Spider5689's Avatar
United States
2269 Posts
 Posted 08/11/2007  5:13 pm  Show Profile   Bookmark this reply Add Spider5689 to your friends list Get a Link to this Reply
Like someone else suggested, a 2 cent piece might be a good idea. Europe uses the 2 cent euro and it really does circulate.
Valued Member
chevrolet454ss's Avatar
United States
314 Posts
 Posted 08/12/2007  09:54 am  Show Profile   Bookmark this reply Add chevrolet454ss to your friends list Get a Link to this Reply
We all know the cent and nickel cost more money to make than they are worth but us goverment is making up for it big time making dimes, quarters, dollar coins, halfs, proof sets us mint products to pay for the nickels and cents. If they can keep making money on other coins like they do then they can keep making them no problem. Like the dollar coin it cost maybe 20 cents to make it. Thats 80 cents profit per coin.

One other thing I learning. All those bu rolls like halfs , dollars that peaple buy from us mint over face or buy them from bank The goverment makes money if you never spend them in world on consumer goods.

Chevrolet454ss
Pillar of the Community
Spider5689's Avatar
United States
2269 Posts
 Posted 08/12/2007  10:21 am  Show Profile   Bookmark this reply Add Spider5689 to your friends list Get a Link to this Reply
The Government makes money anytime we set aside a coin from circulation.
Valued Member
United States
439 Posts
 Posted 08/12/2007  11:11 am  Show Profile   Bookmark this reply Add TSOTL to your friends list Get a Link to this Reply
Kinda makes me wonder how much they made just from all the State Quarters people have set aside by the roll.
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