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Penny and Nickel Coins to be Phased Out in 2013
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In accordance with industry accepted best practices we ask that users limit their copy / paste of copyrighted material to the relevant portions of the article you wish to discuss and no more than 50% of the source material, provide a link back to the original article and provide your original comments / criticism in your post with the article.
[quote:Brian Moser:MV8yMDYzMDQwXzM0NzA3MTk3XzdDNUYyMjI5] [quote:mrmuffins69:MV8yMDYzMDQwXzM0NzA3MTUxXzM5ODlDODEw] [quote:Brian Moser:MV8yMDYzMDQwXzM0NzA3MTM3Xzg2QjBDQUEz] [quote:mrmuffins69:MV8yMDYzMDQwXzM0NzA3MDYwXzY0NjFDMTcy] [quote:Brian Moser:MV8yMDYzMDQwXzM0NzA3MDQwXzU2NTdBM0Yw] 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? [/quote] did you use those coin machines or did you roll up the coins by hand? [/quote] I'm lazy and used the Coinstar machine. [/quote] 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. [/quote] 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). [/quote]
Original Message
Earlier this week Canada announced that they would be phasing out their penny coin. On the heels of the Canadian announcement, U.S. Treasury Secretary, Tim Giethner stated in a press conference today that the U.S. Mint will remove the penny and nickel coins from circulation, starting early in January 2013.
[
link to skewnews.com
]
that the U.S. Mint will remove the penny and nickel coins from circulation, starting early in January 2013
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