Posted on 04/24/2023 5:34:43 AM PDT by dynachrome
A bipartisan bill to authorize the U.S. Mint to alter the metal content of coins in order to save taxpayers money will be reintroduced on Thursday, the two senators sponsoring the bill told CNBC exclusively.
The bill’s reintroduction comes just days after a new report from the U.S. Mint revealed that in 2022, soaring costs for raw metals drove the price of minting a single nickel past 10 cents, or more than double the value of the coin itself.
GOP Sen. Joni Ernst, of Iowa, and Democratic Sen. Maggie Hassan, of New Hampshire, say their legislation is designed to cut the rising expense of minting America’s quarters, dimes, nickels and pennies.
(Excerpt) Read more at cnbc.com ...
Just wait until the congressmen rented by the mining industry fight back. They show up every time the penny is up for elimination.
Maybe not too big a hole or it would make the coin resemble a metal washer ring or other
im for putting the hole in the middle, then when they are worthless in metal value you an aat least use them as washers....pennies and dimes without a hole can now also be used with a powder actuated .22 caliber nail set/ramset as washers in a pinch when you are out of washers.
As it worked in Rome, so it works now.
The FED/Treasury issuing new $1 Bills:
The U.S. Mint can make the new coins out of banana fiber:
https://textiletuts.com/banana-fiber/
Wooden nickles?
I used half dollars a lot when I was a kid - a sci-fi book, bubble gum, and some change back.
So, my 400+ in small change I have laying round could actually be worth more dead than alive??
I recall when they killed off the silver certificates. Why have anything behind your script.
Someone once said “Nothing can replace the American dollar...and almost has”. Looking like government is out to make sure.
“Following the path of Rome.”
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Exactly.
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What a joke this is. The best way to save money is to stop spending so damn much.
“They are pushing for digital currency.”
If the cost of electricity goes up, will that devalue digital currency?
Your mortgage company knowingly lends you credit (fictitious) to pay for your home.
They expect you to pay back that credit with real money.
But they also know that money you’re paying is fictitious too because it isn’t backed by any precious metal value.
Is this not bank fraud on their part?
The only one doing anything real is you with your labor.
You are a slave, Neo.
UCC - Universal Commercial Code
They got rid of silver and went to an all token coinage in 1964. Any further cheapening of the product doesn’t change anything. And it happened several times since then.
We can’t see to make law by legislature anymore. We always have to leave all the decisions to Democrat bureaucrats.
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