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 What is a Penny Worth? US Coins to be Debased Agai
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jadedragon
Administrator


Canada
3788 Posts

Posted - 03/04/2010 :  15:28:14  Show Profile Send jadedragon a Private Message
The lowly penny is facing debasement again just 28 years after the Government stripped out nearly all the copper to reduce the cost of minting in the face of inflation. The Obama Administration will likely carry through with a 2011 Budget proposal to save money by a change to the penny metal composition. This article provides an easy to understand explanation of the genesis of inflation and what coin debasement means. It then brings the reader back to the current US strategy for the effect of inflation on the penny.

Complete article on coins and inflation here.
You must be logged in to see this link.

“The reasonable man adapts himself to the world; the unreasonable one persists in trying to adapt the world to himself. Therefore all progress depends on the unreasonable man.” – George Bernard Shaw.
Why Copper Bullion ~~~ Interview with Silver Bullion Producer Market Harmony
Passive Income blog

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USA
Mountain View


beauanderos
1000+ Penny Miser Member



USA
2408 Posts

Posted - 03/04/2010 :  23:06:56  Show Profile Send beauanderos a Private Message
one of your better articles, Cam. I like this format better than the ehow ones.

Hoard now and hold on!

http://coppermillions.blogspot.com/
http://wherewillyoubein2012.blogspot.com/
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mauk13r
Penny Sorter Member



USA
60 Posts

Posted - 07/27/2010 :  11:24:00  Show Profile Send mauk13r a Private Message
Looks like it will make even more sense to hoard copper.
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Shattered
Penny Hoarding Member



USA
523 Posts

Posted - 07/30/2010 :  20:51:10  Show Profile Send Shattered a Private Message
quote:
Originally posted by mauk13r

Looks like it will make even more sense to hoard copper.

I think you mean "cents"!

"I need metal in my life, just like an eagle needs to fly."
-Joseph DeMaio : Die For Metal
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