Penny and Nickel Coins to be Phased Out in 2013

About time, they should get rid of the dime and quarter too. senseless really with the way inflation is to have any coins, unless they want to do a reverse split on the currency there's no point

This doesn't have much\anything to do with the thread per se, but about a month ago, I cashed in my proverbial jar of pennies and nickels and ended up with an extra $53.23.

Cool story, eh?

did you use those coin machines or did you roll up the coins by hand?

Good relevant info 5*

Pre-1982 pennies are actual copper. Those might be worth keeping around.

Totally false story. Complete and utter bullshit. The U.S. Mint has no plans to remove the penny and nickel from circulation in January 2013.

This is the problem with using bullshit blogs as your news sources. They are full of shit.

I used to enjoy scanning news stories from GLP, but lately, I see that much of the "news" that is posted here is bullshit fake stories created by amateur bloggers.

One star for you, clown.

I'm lazy and used the Coinstar machine.

how long did it take you? i still have my piggy bank from when i was a youngling thing weighs at least 20 lbs, i can either use coinstar which saves time but will be charged 10 cents for every dollar or spend hours rolling coins.

I have to laugh as additional confirmation of this news has not been found. Tim Geithner wants to abolish the debt ceiling though which in a bit of irony would probably make the penny worth close to next to nothing someday. Maybe someday soon.

It couldn't have been more than 5 minutes. I want to say the charge is 9% but I don't remember exactly. I mean, for the time it saved, it was worth it in my opinion.

Edit: It's 9.8% here unless you get a store credit (which I believe waives the fee).

Last Edited by Brian Moser on 11/26/2012 03:01 AM

Ok so when you go to the store and buy things..stuff always doesn't come out even..how would they make "change" if there isn't any pennies or nickles?

indeed, the banks will horde them and melt them down like they did in the mid 60s with 90% silver quarters and dimes


you still run into silver in circulation on occasion, if you are keeping an eye on your change


i have about 60 points of copper pennys


start saving

GOV IS PLAYING PEASANT TO DEBT....WE WILL JUST WEAR OUT THE ALREADY MINTED COINS....TO BRING TO CONCIOUS JUST HOW POOR WE ARE

You best start saving everyone then coz the price of coins will eventually go up a lot.

Of course, a Startard is promulgating weak rubbish and it's an AC with the correct info.

enter the cashless society - history starts now

All pennies pre-1982 are copper. Nickels are 75% copper. Save those pennies and nickels...

How do we know this isnt a fake article? Where is the official news story? Dont heat anyone else talking about this

This; they're worth more by weight then face value.

I did as a kid in the 1980s. Dad let me scoop the pre-82s out of his change and when I started working, I added my own. Eventually, I had a big plastic bin full of pennies.

Sometime around 1990, I was low on weed and $$ and decided to cash them in. There were no CoinStar machines then. Rolled them all by hand. $42.

BS coudnt be done,how would you buy things that werent exact dollar figures??????

Round off to the nearest even amount, easy with computers.
First sign of an inflationary collapse, this is probably
being floated around, because the penny and nickel is just about useless.
Wait until they get rid of the quarter, then dollar.
Will happen sooner or later

We have a winner! They should just jam the chips in us, kill us and be done with it.

Drill a hole in 'em & use as washers.

Cheaper than buying a tub @ home depot ...

No quarters? That would take out entire industries.

Now you can tell the change bums, no man... They got rid of them!

That's what they said about the two dollar bill, so I bought a brick of them...all sequential and still in the shrink wrap...still worth $2 each...

Paper is still paper. Metal value changes constantly. Dum Dum

The point is retard, the value of items usually goes up when they stop making them...

As long as gasoline is priced to the TENTH of a cent, the penny will survive.

PERIOD

No dumbass! When copper prices soar and people melt pennies and eventually nickels, it reduces the amount of said coins therefore increasing the value on those coins.

But figure you and a bunch of other people bought a bunch of $2 bills and no one melted them.

Since melting paper just doesn't seem to work. There is still as many $2 bills out there just not being used (therefore 90% are still mint condition)