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Nickles and pennies to be taken out of circulation Jan 2013

 
Anonymous Coward
User ID: 29692837
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12/13/2012 06:46 AM
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Nickles and pennies to be taken out of circulation Jan 2013
Bid Farewell To Pennies And Nickels!
wealthwire.com
NOVEMBER 26, 2012

The U.S. is following Canada's footsteps regarding the production of pennies and nickels. According to U.S. Treasury Secretary Tim Giethner, our U.S. Mint intends to remove the penny and nickel coins from circulation beginning early in January 2013.

The Mint currently spends about 4.8 cents per penny due to the rising costs of zinc and copper. A nickel valued at five cents now costs approximately 16.2 cents to make due to inflated nickel prices.

[link to goldsilver.com]

and good riddance.
Anonymous Coward
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12/13/2012 06:57 AM
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Re: Nickles and pennies to be taken out of circulation Jan 2013
so how do i get change for something that say costs 9.94 and i pay with a 10 ????????
luc tate
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12/13/2012 07:03 AM
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Re: Nickles and pennies to be taken out of circulation Jan 2013
so how do i get change for something that say costs 9.94 and i pay with a 10 ????????
 Quoting: Anonymous Coward 21416459


That will come to be known as a 'rounding tax!'
Anonymous Coward (OP)
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12/13/2012 07:05 AM
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Re: Nickles and pennies to be taken out of circulation Jan 2013
Such items will no longer be priced like that. It will always be in .10c or 9.90
BRIEF
Rebel with morals

User ID: 29589303
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12/13/2012 07:09 AM

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Re: Nickles and pennies to be taken out of circulation Jan 2013
So my buckets of pennies and nickles will be going up in value?
With freedom comes responsibility.

Heterosexual pride!

Briefcut4892
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12/13/2012 07:10 AM
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Re: Nickles and pennies to be taken out of circulation Jan 2013
its just the start, next is the dime, Quarter, and $1, till we are paperless, and equal the same as a fucking Iraq Dinar
Anonymous Coward
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12/13/2012 07:12 AM
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Re: Nickles and pennies to be taken out of circulation Jan 2013
This is the result of inflation. A penny is almost worthless

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