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deleted
34 Posts |
 Posted - 02/06/2008 : 01:05:39
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I found this on the real worth on pennys and nickels from the feds . They were talking about making pennys worth 5 cents each. I dont know but that would be cool if feds make penny worth 5 cents each. You must be logged in to see this link.
Its from the federal goverment and what do think about it? I dont know but it came out after ban.
Chevrolet454ss
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I love those fed boxes and hoard up pre 64 silver coins such as rolls of 64 half dollers. Maybe copper will be very expensive such as silver is. |
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deleted
85 Posts |
Posted - 02/06/2008 : 07:26:45
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That is an excellent article. I encourage everyone here to take the time to read it. I'm going to print it out and also share it on other boards. I don't see how they could turn the current penny into a nickel since it would cause too many problems making the adjustment. But I can see them doing away with the penny and making the nickel smaller and of course cheaper.
Thanks for this find. |
"The key to building wealth is to not lose money." - Warren Buffet |
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starwarsgeek171
Penny Hoarding Member
USA
651 Posts |
Posted - 02/06/2008 : 10:42:16
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I brought this topic up a few weeks ago, and I got slammed for it. 
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El Dee
Penny Hoarding Member
USA
547 Posts |
Posted - 02/06/2008 : 11:24:38
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Yup-
We gotta pound those nails down when they pop up. :o) |
Trust the government? Ask an Indian. |
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starwarsgeek171
Penny Hoarding Member
USA
651 Posts |
Posted - 02/06/2008 : 11:27:59
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So I've been told.  |
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Metalophile
Penny Collector Member
USA
320 Posts |
Posted - 02/08/2008 : 09:27:40
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Starwarsgeek, no offense to you personally, but I wouldn't hold my breath or stash a ton of zincolns under my bed just yet. The article was an essay from but one economist who works at the Chicago Fed reserve bank. It's not official policy of FedGov. As many have proclaimed loudly, the Fed reserve branch banks are private banks. Even the big Fed bank is only semi-governmental, and that's using the term "semi" very loosely. As the author states, Congress would have to write a law in order to re-base the penny, and I don't see that as likely.
My own personal opinion is that pennies should be phased out. Nickels, too. I was just at the office caffeteria buying breakfast. Not only do they have pennies in a small bowl for the taking and leaving, but there were a fair number of nickels in there, too! One alternative to phasing out nickels, though is to stop producing nickels and re-start production of half-dimes. A half dime would weigh half of what a dime weighs, so that would probably make it too small for most Americans to accept, however. On the positive side, the half dime would be about 20% melt value/face value ratio, same as dimes, quarters, and halves, and there is a history in the US (albeit long ago) of having a half dime (or half dsime) denomination. |
Metalophile |
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HoardCopperByTheTon
Administrator
USA
6807 Posts |
Posted - 02/08/2008 : 11:39:19
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I like that half dime idea! I collect half dimes.. from both the US and Canada.
Starwarsgeek.. I wasn't one of the ones that slammed you, even though the report was a year old. As I recall, I said I was for it.
To quote my favorite animated character with the angular britches..
"I'M READY, I'M READY, I'M READY!!!"
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If your percentages are low.. just sort more. If your percentages are high.. just sort more.
Now selling Copper pennies. 1.6x plus shipping. Limited amounts available. |
Edited by - HoardCopperByTheTon on 02/08/2008 11:40:19 |
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starwarsgeek171
Penny Hoarding Member
USA
651 Posts |
Posted - 02/08/2008 : 12:01:55
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| No offence taken, Metalophile. You're just trying to help out with good advice. |
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starwarsgeek171
Penny Hoarding Member
USA
651 Posts |
Posted - 02/08/2008 : 12:05:35
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| You're the best, HoardCopper. |
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TenBears
1000+ Penny Miser Member
USA
1021 Posts |
Posted - 02/08/2008 : 16:29:52
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| I always get a kick out of seeing HCBTT's photographs of his pre-sorting penny stash. |
"Rich," the Old Man said dreamily, "is not baying after what you can't have. Rich is having the time to do what you want to do. Rich is a little whiskey to drink and some food to eat and a roof over your head and a fish pole and a boat and a gun and a dollar for a box of shells. Rich is not owing any money to anybody, and not spending what you haven't got." Robert Ruark
there are too wild Indians...
there are too wild Indians...
there are too wild Indians...-----still taunted
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Have you seen this from federal goverment on penny
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