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Penny and Nickel Coins to be Phased Out in 2013

 
Anonymous Coward
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11/26/2012 01:46 AM
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Penny and Nickel Coins to be Phased Out in 2013
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
Anonymous Coward
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11/26/2012 02:23 AM
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Re: 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
Brian Moser

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11/26/2012 02:24 AM
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Re: Penny and Nickel Coins to be Phased Out in 2013
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?
mrmuffins69

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11/26/2012 02:29 AM
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Re: Penny and Nickel Coins to be Phased Out in 2013
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?
 Quoting: Brian Moser


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

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11/26/2012 02:30 AM

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Re: Penny and Nickel Coins to be Phased Out in 2013
Good relevant info 5*

Pre-1982 pennies are actual copper. Those might be worth keeping around.
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Anonymous Coward
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11/26/2012 02:41 AM
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Re: Penny and Nickel Coins to be Phased Out in 2013
bsflag

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.
Brian Moser

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11/26/2012 02:46 AM
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Re: Penny and Nickel Coins to be Phased Out in 2013
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?
 Quoting: Brian Moser


did you use those coin machines or did you roll up the coins by hand?
 Quoting: mrmuffins69


I'm lazy and used the Coinstar machine.
mrmuffins69

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11/26/2012 02:49 AM
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Re: Penny and Nickel Coins to be Phased Out in 2013
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?
 Quoting: Brian Moser


did you use those coin machines or did you roll up the coins by hand?
 Quoting: mrmuffins69


I'm lazy and used the Coinstar machine.
 Quoting: Brian Moser


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.
Undestroyer
Truth

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11/26/2012 02:49 AM

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Re: Penny and Nickel Coins to be Phased Out in 2013
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.
You cannot destroy my vision when you see my vision undestroyed because I am just an undestroyer.

Thread: *Updated* Tai Chi Treasure trove *Tai Chi is 5 parts personal development and health, 3 parts self defense*

Thread: You can Lead a horse to water *Here's some water*. (suppressed info) Foodie way to boost your immune system

Thread: Institute for Planetary Renewal says We Could All Be Living Debt-Free In an Ecological Paradise Of Our Own Creation

Truth is a lot like unfiltered light. It exists and expounds in every spectrum, including spectrums that humans are unable to see with our eyes. ;) ☼

"I am a hunter of peace, one who chases the elusive mayfly of love... errr something like that." -Vash the Stampede
Brian Moser

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11/26/2012 02:59 AM
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Re: Penny and Nickel Coins to be Phased Out in 2013
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?
 Quoting: Brian Moser


did you use those coin machines or did you roll up the coins by hand?
 Quoting: mrmuffins69


I'm lazy and used the Coinstar machine.
 Quoting: Brian Moser


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.
 Quoting: mrmuffins69


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
Anonymous Coward
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11/26/2012 03:02 AM
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Re: Penny and Nickel Coins to be Phased Out in 2013
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?
Anonymous Coward
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11/26/2012 03:06 AM
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Re: Penny and Nickel Coins to be Phased Out in 2013
Good relevant info 5*

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


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
Anonymous Coward (OP)
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11/26/2012 03:09 AM
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Re: Penny and Nickel Coins to be Phased Out in 2013
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?
 Quoting: Anonymous Coward 16553491


GOV IS PLAYING PEASANT TO DEBT....WE WILL JUST WEAR OUT THE ALREADY MINTED COINS....TO BRING TO CONCIOUS JUST HOW POOR WE ARE
Anonymous Coward
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11/26/2012 03:17 AM
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Re: Penny and Nickel Coins to be Phased Out in 2013
You best start saving everyone then coz the price of coins will eventually go up a lot.
Anonymous Coward
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11/26/2012 04:02 AM
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Re: Penny and Nickel Coins to be Phased Out in 2013
bsflag

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.
 Quoting: Anonymous Coward 16598644


Of course, a Startard is promulgating weak rubbish and it's an AC with the correct info.
PhennommennonnModerator
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11/26/2012 04:25 AM

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Re: Penny and Nickel Coins to be Phased Out in 2013
enter the cashless society - history starts now
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Anonymous Coward
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11/26/2012 04:29 AM
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Re: Penny and Nickel Coins to be Phased Out in 2013
All pennies pre-1982 are copper. Nickels are 75% copper. Save those pennies and nickels...
Anonymous Coward
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11/26/2012 04:33 AM
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Re: Penny and Nickel Coins to be Phased Out in 2013
How do we know this isnt a fake article? Where is the official news story? Dont heat anyone else talking about this
Anonymous Coward
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11/26/2012 05:52 AM
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Re: Penny and Nickel Coins to be Phased Out in 2013
Good relevant info 5*

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


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

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11/26/2012 06:05 AM
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Re: Penny and Nickel Coins to be Phased Out in 2013
All pennies pre-1982 are copper. Nickels are 75% copper. Save those pennies and nickels...
 Quoting: Anonymous Coward 11677814


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.
Anonymous Coward
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11/26/2012 06:41 AM
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Re: Penny and Nickel Coins to be Phased Out in 2013
BS coudnt be done,how would you buy things that werent exact dollar figures??????
bvndy

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11/26/2012 06:59 AM
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Re: Penny and Nickel Coins to be Phased Out in 2013
BS coudnt be done,how would you buy things that werent exact dollar figures??????
 Quoting: Anonymous Coward 21416459


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
You can ignore the consequences of
your actions, but you cannot ignore
the RESULTS of the consequences of your actions

Ayn Rand
Anonymous Coward
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11/26/2012 07:06 AM
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Re: Penny and Nickel Coins to be Phased Out in 2013
enter the cashless society - history starts now
 Quoting: Phennommennonn


We have a winner! They should just jam the chips in us, kill us and be done with it.
Anonymous Coward
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11/26/2012 07:09 AM
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Re: Penny and Nickel Coins to be Phased Out in 2013
Drill a hole in 'em & use as washers.

Cheaper than buying a tub @ home depot ...
IRQ_1

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11/26/2012 07:09 AM

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Re: 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
 Quoting: Anonymous Coward 23834295


No quarters? That would take out entire industries.
Jack of all trades, master of none.
We are all the result of our past choices meeting the future.
"shall not be infringed."
Anonymous Coward
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11/26/2012 07:13 AM
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Re: Penny and Nickel Coins to be Phased Out in 2013
Now you can tell the change bums, no man... They got rid of them!
5a
BRIEF
Rebel with morals

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11/26/2012 07:16 AM

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Re: Penny and Nickel Coins to be Phased Out in 2013
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...
With freedom comes responsibility.

Heterosexual pride!

Briefcut4892
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11/26/2012 07:18 AM
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Re: Penny and Nickel Coins to be Phased Out in 2013
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...
 Quoting: BRIEF


Paper is still paper. Metal value changes constantly. Dum Dum
BRIEF
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11/26/2012 07:20 AM

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Re: Penny and Nickel Coins to be Phased Out in 2013
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...
 Quoting: BRIEF


Paper is still paper. Metal value changes constantly. Dum Dum
 Quoting: Anonymous Coward 28508707


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

Heterosexual pride!

Briefcut4892
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11/26/2012 07:23 AM
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Re: Penny and Nickel Coins to be Phased Out in 2013
As long as gasoline is priced to the TENTH of a cent, the penny will survive.

PERIOD
Anonymous Coward
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11/26/2012 07:25 AM
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Re: Penny and Nickel Coins to be Phased Out in 2013
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...
 Quoting: BRIEF


Paper is still paper. Metal value changes constantly. Dum Dum
 Quoting: Anonymous Coward 28508707


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


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)

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