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BREAKING: Penny and Nickel Coins to be Phased Out in 2013, Dime 2014

 
Anonymous Coward
User ID: 28584605
United States
11/27/2012 02:44 PM
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BREAKING: Penny and Nickel Coins to be Phased Out in 2013, Dime 2014
[link to www.silverdoctors.com]

Timothy Geithner reportedly has announced plans by the US Treasury to completely remove both the penny and the nickel from circulation beginning in January 2013, with plans to potentially also remove the dime from circulation in 2014
Anonymous Coward
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11/27/2012 02:47 PM
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Re: BREAKING: Penny and Nickel Coins to be Phased Out in 2013, Dime 2014
You can bet your last dollar, some greedy businesses will take advantage and stop accepting pennies and nickels. This will lead to price increases.

But why should any gov't employee worry, they are some of the few that even get raises this day and age.
Anonymous Coward (OP)
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11/27/2012 02:53 PM
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Re: BREAKING: Penny and Nickel Coins to be Phased Out in 2013, Dime 2014
[link to thenumisnetworkreview.com]

How Rome Destroyed Itself Through The Debasement Of Currency
Anonymous Coward
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11/27/2012 02:59 PM
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Re: BREAKING: Penny and Nickel Coins to be Phased Out in 2013, Dime 2014
Rude I happen to like my pennys and nickels. Next it will be quarters and then paper bills altogether its a slippery slope.
Lime Flavoured Redux

User ID: 28487834
United Kingdom
11/27/2012 03:35 PM
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Re: BREAKING: Penny and Nickel Coins to be Phased Out in 2013, Dime 2014
I know that in Australia they don't use pennies, everything gets rounded to the nearest 5 cents.

[link to en.wikipedia.org]
Anonymous Coward
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11/27/2012 03:39 PM
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Re: BREAKING: Penny and Nickel Coins to be Phased Out in 2013, Dime 2014
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Anonymous Coward
User ID: 9774915
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11/27/2012 03:40 PM
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Re: BREAKING: Penny and Nickel Coins to be Phased Out in 2013, Dime 2014
[link to www.silverdoctors.com]

Timothy Geithner reportedly has announced plans by the US Treasury to completely remove both the penny and the nickel from circulation beginning in January 2013, with plans to potentially also remove the dime from circulation in 2014
 Quoting: Anonymous Coward 28584605


He'll need congressional approval because the Coinage Act establishes which coins are in circulation.
Anonymous Coward
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11/27/2012 03:45 PM
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Re: BREAKING: Penny and Nickel Coins to be Phased Out in 2013, Dime 2014
been hoarding pennies. Especially the pre 1982 copper pennies, before they started making them out of zinc.

they are getting harder and harder to come across in circulation due to age, being lost, under someones coach, penny hoarders and some banks keeping them. they have machines that sort copper and silver coins out of rolls. Still come across some silver Quarters and dimes, but they are extremely rare these days...been hoarded up decades ago by banks and people after 65...got about5 oz worth of silver quarters, and some half dollars

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