Obama wants cheaper pennies and nickels | |
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Anonymous Coward User ID: 4227306 United States 02/16/2012 12:52 AM Report Abusive Post Report Copyright Violation | The U.S. Mint is facing a problem -- especially during these penny-pinching times. It turns out it costs more to make pennies and nickels than the coins are worth. Quoting: Anonymous Coward 6897354 And because of that, the Obama administration this week asked Congress for permission to change the mix of metal that goes to make pennies and nickels, an expensive recipe that has remained unchanged for more than 30 years. To be precise, it cost 2.4 cents to make one penny in 2011 and about 11.2 cents for each nickel. [link to finance.yahoo.com] Ohh Great. Debase our money even more. Thought that was Bernanke's job! |
Eggcellent Re-Instate Smith-Mundt! User ID: 10700168 United States 02/16/2012 01:24 AM Report Abusive Post Report Copyright Violation | So, boys and girls, time to start saving those pennies and nickels! I remember in 1964 when LBJ introduced the "peanut-butter" quarters. He said that America would ALWAYS have silver quarters, dimes, and 50-cent pieces. Yet within a year (or less) they were rarities. Now they are worth about 30 times face value. "I have come to the conclusion that all news should be treated like 9/11, assume it is a psyop with actors participating in a staged event complete with props, until proven otherwise, in which case assume whatever is being recorded, reported, televised, is distortions/lying by omission/outright lies, until proven otherwise." - Anonymous, 4-13-12 |
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Anonymous Coward User ID: 1745445 United States 02/16/2012 07:33 PM Report Abusive Post Report Copyright Violation | maybe its time to buy pennies in bulk. if they really were discontinued you could double your money overnight! Quoting: _____tard Six months ago there was an article in the wall street journal. This hedge fund manager stocked piled nickles like millions and millions of Nickles on pallets in a wharehouse. He was betting on just this thing. |
King Christos User ID: 20495612 United States 08/28/2014 11:43 PM Report Abusive Post Report Copyright Violation | maybe its time to buy pennies in bulk. if they really were discontinued you could double your money overnight! Quoting: _____tard Six months ago there was an article in the wall street journal. This hedge fund manager stocked piled nickles like millions and millions of Nickles on pallets in a wharehouse. He was betting on just this thing. :OPenny: Nada |
Mortimer User ID: 62159782 United States 08/28/2014 11:51 PM Report Abusive Post Report Copyright Violation | need to just discontinue them.Nothing to buy with either anymore and pretty soon wont be nothing for sale under $1 Quoting: Anonymous Coward 10845349 100 pennies make a dollar, I save pennies, never leave a penny on the ground. They grow fast, you could start your own wishing well, with a nickel, a dimes and pennies. Believe it or not they use that money that is thrown in the fountains, it adds up. If you want to ask for donations you ask for change, pennies, nickels and dimes. People like their quarters, but anything less they will give if they got it. Then you take it to a bank and they count it for you, they have a machine that does the sorting and counting, then you get dollars. Daughter out with my own way. |
Mortimer User ID: 62159782 United States 08/29/2014 12:02 AM Report Abusive Post Report Copyright Violation | A computer could take the place of a speech writer, they have the journalist and reporters. So, after awhile you won't have that much overhead. Everyone is expendable, just like the average Joe and Jane. Look on the bright side we will all be in the same fix, no jobs no money then you won't have to worry about pennies in the first place. Machines will take care of it all. Well can sit a play with our toes, so can they.;) Daughter out with my own way. |
Copperhead User ID: 60233319 United States 08/29/2014 12:07 AM Report Abusive Post Report Copyright Violation | |
King Christos User ID: 20495612 United States 09/01/2014 11:32 PM Report Abusive Post Report Copyright Violation | need to just discontinue them.Nothing to buy with either anymore and pretty soon wont be nothing for sale under $1 Quoting: Anonymous Coward 10845349 100 pennies make a dollar, I save pennies, never leave a penny on the ground. They grow fast, you could start your own wishing well, with a nickel, a dimes and pennies. Believe it or not they use that money that is thrown in the fountains, it adds up. If you want to ask for donations you ask for change, pennies, nickels and dimes. People like their quarters, but anything less they will give if they got it. Then you take it to a bank and they count it for you, they have a machine that does the sorting and counting, then you get dollars. :bump1453: Last Edited by Sir Nothington on 09/01/2014 11:33 PM Nada |