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Penny and Nickel Coins to be Phased Out in 2013

 
BRIEF
Rebel with morals

User ID: 28454476
United States
11/26/2012 07:27 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
 Quoting: Anonymous Coward 1306067


I have about a billion of them stored in buckets...
With freedom comes responsibility.

Heterosexual pride!

Briefcut4892
Anonymous Coward
User ID: 28269986
Australia
11/26/2012 07:36 AM
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Re: 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
 Quoting: Huckelberry


We got rid of them 20 years ago. They're no longer in circulation but they're still legal tender.
Anonymous Coward
User ID: 28508707
United States
11/26/2012 07:37 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
 Quoting: Anonymous Coward 1306067


I have about a billion of them stored in buckets...
 Quoting: BRIEF


Me too. I estimate my net worth at about 35 trillion dollars. So doubt they'll ever do me much good. But I'll have ALL the money eventually.

I am also holding 17 trillion in $2 bills.

Not sure why I do this but... My story is more exaggerated than yours.
whatever
Anonymous Coward
User ID: 28269986
Australia
11/26/2012 07:39 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


Roll them by hand? What the? We just take coins into the bank, they count it for us by weighing it.
Anonymous Coward
User ID: 28269986
Australia
11/26/2012 07:41 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


We round up or down. 3 cents becomes 5 cents. 7 cents becomes 5 cents. Etc. if you're paying with card then there is no need to round off.
Anonymous Coward
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United States
11/26/2012 07:42 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


Take it to your own bank where they will count it for nothing on their coin machine.
Anonymous Coward
User ID: 28508707
United States
11/26/2012 07:45 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


We round up or down. 3 cents becomes 5 cents. 7 cents becomes 5 cents. Etc. if you're paying with card then there is no need to round off.
 Quoting: Anonymous Coward 28269986


I would like to apologize for all of us stupid Americans! We will through pennies on the ground but then can't figure out how we would handle not having them.

Do the Arab places always just round up? jihad2
Anonymous Coward
User ID: 28508707
United States
11/26/2012 07:47 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


We round up or down. 3 cents becomes 5 cents. 7 cents becomes 5 cents. Etc. if you're paying with card then there is no need to round off.
 Quoting: Anonymous Coward 28269986


I would like to apologize for all of us stupid Americans! We will throw pennies on the ground but then can't figure out how we would handle not having them.

Do the Arab places always just round up? jihad2
 Quoting: Anonymous Coward 28508707
Anonymous Coward
User ID: 28269986
Australia
11/26/2012 07:48 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


We round up or down. 3 cents becomes 5 cents. 7 cents becomes 5 cents. Etc. if you're paying with card then there is no need to round off.
 Quoting: Anonymous Coward 28269986


I would like to apologize for all of us stupid Americans!
 Quoting: Anonymous Coward 28508707

Lol. I was actually surprised to hear that you still have them when we got rid of them so long ago.
Anonymous Coward
User ID: 28508707
United States
11/26/2012 07:56 AM
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Re: Penny and Nickel Coins to be Phased Out in 2013
It's funny, people are constantly talking about hyper inflation. But can't understand we can move the decimal point and pennies are gone (and no need for them)

Just like the half penny before. If you were at a store and the cashier said comes to $1.505 you would be like wtf! I'll give you the $1.50, so it will be the same with a full penny soon enough.

If you can get stupid ass people to understand may be a different question.
BRIEF
Rebel with morals

User ID: 381742
United States
11/26/2012 08:41 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
 Quoting: Anonymous Coward 1306067


I have about a billion of them stored in buckets...
 Quoting: BRIEF


Me too. I estimate my net worth at about 35 trillion dollars. So doubt they'll ever do me much good. But I'll have ALL the money eventually.

I am also holding 17 trillion in $2 bills.

Not sure why I do this but... My story is more exaggerated than yours.
whatever
 Quoting: Anonymous Coward 28508707


You're retarded...the point is that many people like me that collect coins are holding them out of circulation...I always grab a bill instead of digging for the change, because I want the coins to sort through...
With freedom comes responsibility.

Heterosexual pride!

Briefcut4892
Anonymous Coward
User ID: 22687793
United States
11/26/2012 08:48 AM
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Re: 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
 Quoting: Huckelberry



You're the perfect example of what is wrong with most of society. You believe everything you read on the Internet when the truth is staring you in the face.

Look at the web site URL again. Doesn't its name SKEW NEWS set off any buzzers?

Why not go to its home page? What do you see? That it's a parody web site of course!

Moron. Moran. Or as the elites call you, "useless eater".
Anonymous Coward
User ID: 21300769
United States
11/26/2012 08:56 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


As a merchant, you can alter pricing so with tax rate things come to whatever amount you want
ParallaxPam

User ID: 15366249
United States
11/26/2012 09:03 AM
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Re: Penny and Nickel Coins to be Phased Out in 2013
...


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


Roll them by hand? What the? We just take coins into the bank, they count it for us by weighing it.
 Quoting: Anonymous Coward 28269986


Yes, U.S. banks put them in a machine and sort and count them. If you have an account with a bank they do it for free. I don't know why anyone would pay those CoinStar machines. Most banks won't take them if they are rolled. That rolling idea always seemed stupid to me. Think how easy it was to add objects that were same size as the coins in that paper roll. metal washers, buttons, etc.
Anonymous Coward
User ID: 22213691
United States
11/29/2012 05:34 PM
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Re: 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
 Quoting: Huckelberry



You're the perfect example of what is wrong with most of society. You believe everything you read on the Internet when the truth is staring you in the face.

Look at the web site URL again. Doesn't its name SKEW NEWS set off any buzzers?

Why not go to its home page? What do you see? That it's a parody web site of course!

Moron. Moran. Or as the elites call you, "useless eater".
 Quoting: Anonymous Coward 22687793


Sadly, a lot of people don't know or comprehend that SkewNews, the Onion, and others are parodies or satire, and they take it as gospel truth. so I understand your frustration and rant about morans. But, the penny-nickle issue was also in Wall Street Journal.

of course mainstream media is just as much of a joke and parody as Skew News or the Onion, so that doesn't actually help much. :)

[link to blogs.wsj.com]
Undestroyer
Truth

User ID: 21232567
United States
11/29/2012 10:20 PM

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Re: 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
 Quoting: Huckelberry



You're the perfect example of what is wrong with most of society. You believe everything you read on the Internet when the truth is staring you in the face.

Look at the web site URL again. Doesn't its name SKEW NEWS set off any buzzers?

Why not go to its home page? What do you see? That it's a parody web site of course!

Moron. Moran. Or as the elites call you, "useless eater".
 Quoting: Anonymous Coward 22687793


Sadly, a lot of people don't know or comprehend that SkewNews, the Onion, and others are parodies or satire, and they take it as gospel truth. so I understand your frustration and rant about morans. But, the penny-nickle issue was also in Wall Street Journal.

of course mainstream media is just as much of a joke and parody as Skew News or the Onion, so that doesn't actually help much. :)

[link to blogs.wsj.com]
 Quoting: Anonymous Coward 22213691


Nicespock
You cannot destroy my vision when you see my vision undestroyed because I am just an undestroyer.

Thread: Tai Chi Treasure trove


Thread: You can Lead a horse to water *Here's some water*. (suppressed info)

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. ;) ☼

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Kirk

User ID: 25384388
United States
11/29/2012 10:37 PM

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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)
 Quoting: Anonymous Coward 28508707


pennies are not copper anymore.
Worry is a misuse of the imagination.
Anonymous Coward
User ID: 28256524
United States
11/29/2012 10:38 PM
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Re: Penny and Nickel Coins to be Phased Out in 2013
PENNIES ARE BASICALLY LIKE ROCKS TO ME

I JUST THROW 'EM AWAY...
Anonymous Coward
User ID: 28538950
United States
11/29/2012 10:58 PM
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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 ...
 Quoting: Anonymous Coward 1073423


That's actually not a bad idea.
Anonymous Coward
User ID: 12361189
United States
11/29/2012 10:58 PM
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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


Don't be a fool, check out all coins from 1964 back. The silver content is not much, but after that date they made silly money, no silver content at all. Particularly quarters and di
mes.
Anonymous Coward
User ID: 28614102
United States
11/29/2012 11:03 PM
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Re: Penny and Nickel Coins to be Phased Out in 2013
Www.coinflation.com
Anonymous Coward
User ID: 8915967
United States
11/29/2012 11:04 PM
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Re: 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
 Quoting: Huckelberry


bsflagbsflagbsflag
Anonymous Coward
User ID: 28751060
United States
11/29/2012 11:12 PM
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Re: 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
 Quoting: Huckelberry




story I read earlier today said that they are going to start in 2013 making the coins out of stainless steel, because they cost to much now.

If they are going to remove them from circulation, then it is to inflate prices....make everything cost more, probably
Anonymous Coward
User ID: 28751060
United States
11/29/2012 11:14 PM
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Re: Penny and Nickel Coins to be Phased Out in 2013
PENNIES ARE BASICALLY LIKE ROCKS TO ME

I JUST THROW 'EM AWAY...
 Quoting: Anonymous Coward 28256524




they all add up.
Besides, they have "In God We Trust" stamped on them....shouldn't throw that away.
Also, check them out...many of them have "errors" on them which makes them worth a lot of money.
Check it out!
Anonymous Coward
User ID: 27428056
Canada
11/29/2012 11:17 PM
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Re: Penny and Nickel Coins to be Phased Out in 2013
So get ready for 5% inflation as every store rounds up their prices to the next nickle.
BRIEF
Rebel with morals

User ID: 381742
United States
11/30/2012 10:26 AM

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Re: Penny and Nickel Coins to be Phased Out in 2013
PENNIES ARE BASICALLY LIKE ROCKS TO ME

I JUST THROW 'EM AWAY...
 Quoting: Anonymous Coward 28256524


I thinks that's funny, because I pick them up...I have buckets full of pennies...
With freedom comes responsibility.

Heterosexual pride!

Briefcut4892
Anonymous Coward
User ID: 28404778
United States
11/30/2012 10:57 AM
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Re: Penny and Nickel Coins to be Phased Out in 2013
This is all phase one of the CHANGE to the MARK OF THE BEAST and you will get an RFID/BAR CODE TATOO real soon.
Let's move FOWARD sheeeeeeeeeeeeeeeep!

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