Free Republic
Browse · Search
News/Activism
Topics · Post Article

Skip to comments.

Bid Farewell to Pennies and Nickels!
Wealth Wire ^ | , November 26th, 2012 | Brittany Stepniak

Posted on 11/27/2012 1:30:24 PM PST by angelcindy

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.

(Excerpt) Read more at wealthwire.com ...


TOPICS: Business/Economy; Front Page News; Government; News/Current Events
KEYWORDS: coincirculation; coins; giethner; january2013; markofthebeast; nickels; nickles; obamasfault; pennies; usmint; ustreasury
Navigation: use the links below to view more comments.
first previous 1-20 ... 121-140141-160161-180 ... 201-203 next last
To: Beelzebubba
I think it's a mistake to have both paper currency and coin of the same denomination.

$5 coin, no $5 bill.

That's my ... umm... $0.10 (?) worth. :)

141 posted on 11/27/2012 2:52:51 PM PST by TChris ("Hello", the politician lied.)
[ Post Reply | Private Reply | To 137 | View Replies]

To: 1_Rain_Drop

no it will be rounded UP to the nearest dollar to avoid coins alltougether. This is just a sales tax. The rounding up part becomes a sales tax TAKEN by the government for “the collective good.”


142 posted on 11/27/2012 2:53:26 PM PST by longtermmemmory (VOTE! http://www.senate.gov and http://www.house.gov)
[ Post Reply | Private Reply | To 46 | View Replies]

To: WVKayaker

The North Koreans probably have a shop where it is done. Old world craftmanship and such


143 posted on 11/27/2012 2:54:26 PM PST by crusty old prospector
[ Post Reply | Private Reply | To 126 | View Replies]

To: roadcat
I came up with my lunch for coins ideas when I was in Germany for a couple of weeks. A couple 5 DM coins were good for lunch and I had to break out the 10 DM or bigger bills for dinner. That was when 1 DM was worth about 50 cents so the break point was $2.50 coin and $5 bill.
144 posted on 11/27/2012 2:55:09 PM PST by KarlInOhio (Big Bird is a brood parasite: laid in our nest 43 years ago and we are still feeding him.)
[ Post Reply | Private Reply | To 133 | View Replies]

To: TChris

I think it’s a mistake to have both paper currency and coin of the same denomination.

$5 coin, no $5 bill.


I tend to agree.


145 posted on 11/27/2012 2:55:27 PM PST by Atlas Sneezed (Hold My Beer and Watch This!)
[ Post Reply | Private Reply | To 141 | View Replies]

To: beelzepug
Did I miss something?

No. Just making a point that some merchants will take advantage of customers by rounding up to the next dime, when customers can still use pennies to pay the fractional dime amount.

146 posted on 11/27/2012 2:57:52 PM PST by roadcat
[ Post Reply | Private Reply | To 139 | View Replies]

To: editor-surveyor
I don't understand the metallurgy of alloy color, but nickels are indeed 75% copper and 25% nickel.

Nickel has some pretty strong mojo, I guess. The 1.75”D shaft on my boat is made of Monel, which is an alloy of copper, nickel, a bit of silicon and iron.It's silver gray in color, when not covered in barnacles. And it's both tougher and more corrosion resistant than stainless steel. On the downside, it costs more.

147 posted on 11/27/2012 2:59:39 PM PST by Travis McGee (www.EnemiesForeignAndDomestic.com)
[ Post Reply | Private Reply | To 98 | View Replies]

To: roadcat

The change happened when I was in high school chemistry class. You could melt the (then) new zinc pennies in a bunsen burner but not the older copper ones. Then you got yelled at by the chemistry teacher for screwing around and dripping zinc into the burner. :-)


148 posted on 11/27/2012 2:59:39 PM PST by KarlInOhio (Big Bird is a brood parasite: laid in our nest 43 years ago and we are still feeding him.)
[ Post Reply | Private Reply | To 140 | View Replies]

To: angelcindy
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.

time for the money be rounded up to the DIME!! More inflation for the US TAXPAYERS!!

149 posted on 11/27/2012 3:00:33 PM PST by ExCTCitizen (More Republicans stayed home then the margin of victory of O's Win...)
[ Post Reply | Private Reply | To 1 | View Replies]

To: elkfersupper
As bizarre as it may seem to lose the $1 bill, it has been even more bizarre to me to realize that the majority of people I circulate among every day are either generationally manipulative, grossly uneducated or mentally ill.

Is "generationally" a typo? Probably not, and I concur.

150 posted on 11/27/2012 3:02:33 PM PST by roadcat
[ Post Reply | Private Reply | To 138 | View Replies]

To: discostu
because I feel goofy using the debit card for $5. But I’ve noticed my threshold for “too small for the card” is dropping

I saw a woman at the check out in front of me use a card to purchase a small package of potato chips, maybe 39¢ or so and that was her only purchase, also don't know if it was a debit, credit or EBT card.

151 posted on 11/27/2012 3:08:05 PM PST by Graybeard58 (What G.O.P.e. candidate is in store for us in 2016?)
[ Post Reply | Private Reply | To 99 | View Replies]

To: Beelzebubba

I’m still holding out for the return of a 20¢ coin.

It preserves the 1-2-5-10 progression.


152 posted on 11/27/2012 3:10:13 PM PST by null and void (Knowledge increases exponentially, wisdom increases logarithmically.)
[ Post Reply | Private Reply | To 137 | View Replies]

To: Graybeard58

Could have been credit. My boss has a card which is his emergency card, but something in the terms keeps it fee free if it’s used once a month, he doesn’t want to put anything major on it because it’s for emergencies, so once a month he buys a pack of gum with it. Says he feels silly doing it, but it’s better than a fee.


153 posted on 11/27/2012 3:12:03 PM PST by discostu (Not a part of anyone's well oiled machine.)
[ Post Reply | Private Reply | To 151 | View Replies]

To: KarlInOhio; editor-surveyor

A nickel is the other ratio: 25% nickel, 75% copper.

The silver color can throw you. I once cast 10,000# of lead into sailboat ballast. Giant propane blast burner, using a steel cauldron on a pivot that I welded up. 100#, two ingots, at a time. Quite memorable. Did it by daylight and at night, and this thread causes me to recollect the amazing color tricks that lead makes as it heats to liquid and beyond.

(You need a lot of “superheat,” or degrees of heat above the melting point, for successful casting on big pours.)

Did you ever see a freshly landed ocean fish like a mahi/dorado/dolphin? The fish, not the mammal. They “flash” through many vivid “metallic” colors as they’re landed and they’re perishing. So did the molten lead, going through bright silver, gold, bronze, green etc.

I’m not sure if this is related to why a 75% copper “nickel” is silver in color, but it’s interesting.


154 posted on 11/27/2012 3:14:00 PM PST by Travis McGee (www.EnemiesForeignAndDomestic.com)
[ Post Reply | Private Reply | To 115 | View Replies]

To: discostu
I’m too lazy to ever worry about being on the grid. I live a very boring life, anybody examining my transactional history is probably being punished.

You've described me as well. Who the hell would bother keeping track of me?

155 posted on 11/27/2012 3:17:00 PM PST by Graybeard58 (What G.O.P.e. candidate is in store for us in 2016?)
[ Post Reply | Private Reply | To 128 | View Replies]

To: dalereed; The_Reader_David

“Stick your dollar coins where the sun doesn’t shine!!!”

Why! Thank you Dale! What a thoughtful response.
Dollar Bills last a matter of about 6 months. They can’t be recycled. They’re shredded and dumped into landfills. Then more money is spent printing new batches. Wasted money! Don’t know if this happens all over the country, but here in Ohio, they periodically disinfect the bills, and spray them with some obnoxious perfume. Perhaps the perfume is the disinfectant. Makes your wallet stink. They are known to carry all sorts of bacteria, germs, and viruses. The coins are naturally disinfectant, and can be recycled. You only need to carry a couple. They should print more two dollar bills, as they have a lifetime several times that of the filthy, germy singles.
Again, thanks for your thoughtful, and polite, response! And remember to wash your hands after handling singles! Wouldn’t want you to get sick! 8^)
Bogie


156 posted on 11/27/2012 3:17:35 PM PST by Dr. Bogus Pachysandra ( Ya can't pick up a turd by the clean end!)
[ Post Reply | Private Reply | To 134 | View Replies]

To: roadcat; elkfersupper
elkfersupper ~ As bizarre as it may seem to lose the $1 bill, it has been even more bizarre to me to realize that the majority of people I circulate among every day are either generationally manipulative, grossly uneducated or mentally ill.

roadcat ~ Is "generationally" a typo? Probably not, and I concur.

I'm undecided whether to concur or quibble.

Should "grossly uneducated" stand or be replaced by "grossly mal-educated"...

157 posted on 11/27/2012 3:18:58 PM PST by null and void (Knowledge increases exponentially, wisdom increases logarithmically.)
[ Post Reply | Private Reply | To 150 | View Replies]

To: discostu

By the way, my super secret P.I.N. for my debit card is AF1967. What can anyone do with it without the actual card?


158 posted on 11/27/2012 3:20:15 PM PST by Graybeard58 (What G.O.P.e. candidate is in store for us in 2016?)
[ Post Reply | Private Reply | To 128 | View Replies]

To: null and void; roadcat

You two can pick your phraseology. My comments stand.


159 posted on 11/27/2012 3:21:45 PM PST by elkfersupper ( Member of the Original Defiant Class)
[ Post Reply | Private Reply | To 157 | View Replies]

To: Dr. Bogus Pachysandra
Pennies,,, okay,,, but why nickels?

I may be just cynical about this but nickels actually contain a good bit of nickel so they have some intrinsic value

160 posted on 11/27/2012 3:21:45 PM PST by Cowman (How can the IRS seize property without a warrant if the 4th amendment still stands?)
[ Post Reply | Private Reply | To 3 | View Replies]


Navigation: use the links below to view more comments.
first previous 1-20 ... 121-140141-160161-180 ... 201-203 next last

Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.

Free Republic
Browse · Search
News/Activism
Topics · Post Article

FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson