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OT Did You Know It Costs More Than a Penny to Make a Penny?
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OT Did You Know It Costs More Than a Penny to Make a Penny?
On Mon, 17 Jan 2011 17:15:55 -0500, Metspitzer
wrote: Yes I did know it cost more. They should stop making them. Collect Wheat Pennies |
OT Did You Know It Costs More Than a Penny to Make a Penny?
On Mon, 17 Jan 2011 17:15:55 -0500, Metspitzer
wrote: http://gizmodo.com/5734677/did-you-k...o-make-a-penny They should stop making them. Nickels too? They cost 9.2 cents last year. 80% over face value, they are a worse/better buy than pennies. http://www.usmint.gov/downloads/abou...nualReport.pdf [page 29] I'm not ready to round everything off to 10cent increments just to save $42million.g Jim |
OT Did You Know It Costs More Than a Penny to Make a Penny?
On Jan 17, 4:15*pm, Metspitzer wrote:
http://gizmodo.com/5734677/did-you-k...han-a-penny-to... They should stop making them. They say we must add to the 17,000,000,000,000 debt, thats trillion. |
OT Did You Know It Costs More Than a Penny to Make a Penny?
On Mon, 17 Jan 2011 14:46:30 -0800 (PST), ransley
wrote: On Jan 17, 4:15*pm, Metspitzer wrote: http://gizmodo.com/5734677/did-you-k...han-a-penny-to... They should stop making them. They say we must add to the 17,000,000,000,000 debt, thats trillion. I haven't done the math, but a friend claims he has. He says the national debt is around 6 times the total amount of cash in circulation. |
OT Did You Know It Costs More Than a Penny to Make a Penny?
Metspitzer wrote:
http://gizmodo.com/5734677/did-you-k...o-make-a-penny They should stop making them. Yes, I know much of the rest of the world has gotten rid of their low denomination coins, so why can't we? I hope some investigative journalists dig deep enough to tell us the whys and whos about congress being against getting rid of pennies for quite some time now. Who is influencing our "hired hands"* in Washington to keep pennies in existance? Is it the metal producers, the US Mint workers union, the transportation companies who take them to the banks, or probably all of the above? Jeff * "Our hired hands in Washington" is how Will Rogers referred to congress. -- Jeffry Wisnia (W1BSV + Brass Rat '57 EE) The speed of light is 1.8*10e12 furlongs per fortnight. |
OT Did You Know It Costs More Than a Penny to Make a Penny?
On Jan 17, 6:34*pm, jeff_wisnia
wrote: Metspitzer wrote: http://gizmodo.com/5734677/did-you-k...han-a-penny-to... They should stop making them. Yes, I know much of the rest of the world has gotten rid of their low denomination coins, so why can't we? I hope some investigative journalists dig deep enough to tell us the whys and whos about congress being against getting rid of pennies for quite some time now. Who is influencing our "hired hands"* in Washington to keep pennies in existance? Is it the metal producers, the US Mint workers union, the transportation companies who take them to the banks, or probably all of the above? Jeff * "Our hired hands in Washington" is how Will Rogers referred to congress.. -- Jeffry Wisnia (W1BSV + Brass Rat '57 EE) The speed of light is 1.8*10e12 furlongs per fortnight. We REALLY NEED some efficeny experts to make necessary changes. one and 5 dollar bills shouldnt be paper, make them low weight coins for easy carrying. round everything to quarters, elminate pennies nickels and dimes. We DONT need a post office on every corner, none closer than say 5 miles, contract out much to grocery and other stores, elminate saturday and wednesday deliveries. they arent needed. If you did this all thru government we wouldnt have a deficit:) and taxes could be lower |
OT Did You Know It Costs More Than a Penny to Make a Penny?
In article ,
jeff_wisnia wrote: Who is influencing our "hired hands"* in Washington to keep pennies in existance? Is it the metal producers, the US Mint workers union, the transportation companies who take them to the banks, or probably all of the above? Most of the polls don't want to stop making pennies. Largely because it is viewed as a way for state governments to get extra money by rounding sales tax up to the nickel. -- "Even I realized that money was to politicians what the ecalyptus tree is to koala bears: food, water, shelter and something to crap on." ---PJ O'Rourke |
OT Did You Know It Costs More Than a Penny to Make a Penny?
On 1/17/2011 5:15 PM, Metspitzer wrote:
http://gizmodo.com/5734677/did-you-k...o-make-a-penny They should stop making them. Yes but the US Mint and the US Treasury are two separate entities. In Canada $1 coins (loon?) are used all the time because they stopped making $1 bills. That is why we never adjusted to the dollar coin, because the Treasury won't stop loosing money making paper dollars. The pennies are really bad, just think of how long they have been our lowest value coin. It's time to say goodbye to the pennies and the nickels and make dimes the lowest value. Then the treasury can start making $1000 bills again. Although I think the thousand $ bill will never return, with the trend of electronic payments that never need coins or paper bills. Paper money is too difficult to trace. |
OT Did You Know It Costs More Than a Penny to Make a Penny?
"Oren" wrote in message ... On Mon, 17 Jan 2011 17:15:55 -0500, Metspitzer wrote: Yes I did know it cost more. They should stop making them. Collect Wheat Pennies I have metal detected for nearly thirty years now. The new pennies will degrade in the ground in a year or so. The old copper ones last decades, and will degrade, but only in acetic or basic soils. In neutral soils, they will stay good for a very long time. Silver and gold, too. Steve |
OT Did You Know It Costs More Than a Penny to Make a Penny?
Kurt Ullman wrote:
In article , jeff_wisnia wrote: Who is influencing our "hired hands"* in Washington to keep pennies in existance? Is it the metal producers, the US Mint workers union, the transportation companies who take them to the banks, or probably all of the above? Most of the polls don't want to stop making pennies. Largely because it is viewed as a way for state governments to get extra money by rounding sales tax up to the nickel. Are you saying the state gummints would only round sales tax up and not down? I'm not saying I don't think they wouldn't, but..... I was really amazed when Massachusetts, my place of residence, repealed the sales tax on liquor which had been put in place last summer. http://tinyurl.com/6avggtk Jeff -- Jeffry Wisnia (W1BSV + Brass Rat '57 EE) The speed of light is 1.8*10e12 furlongs per fortnight. |
OT Did You Know It Costs More Than a Penny to Make a Penny?
On Jan 17, 8:23*pm, Tony Miklos wrote:
On 1/17/2011 5:15 PM, Metspitzer wrote: http://gizmodo.com/5734677/did-you-k...han-a-penny-to... They should stop making them. Yes but the US Mint and the US Treasury are two separate entities. *In Canada $1 coins (loon?) are used all the time because they stopped making $1 bills. *That is why we never adjusted to the dollar coin, because the Treasury won't stop loosing money making paper dollars. One of the major reasons for the dollar coin flop is the size. It is too close to a quarter. I thought that after the Susan B anthony fiasco they would have learned but nooo...here comes the new one with the same flaw. I would much rather carry a dozen dollar coins than have my billfold cluttered up with paper dollar bills. I have tried using the dollar coins but businesses really don't like them. Harry K |
OT Did You Know It Costs More Than a Penny to Make a Penny?
In article ,
jeff_wisnia wrote: Kurt Ullman wrote: In article , jeff_wisnia wrote: Who is influencing our "hired hands"* in Washington to keep pennies in existance? Is it the metal producers, the US Mint workers union, the transportation companies who take them to the banks, or probably all of the above? Most of the polls don't want to stop making pennies. Largely because it is viewed as a way for state governments to get extra money by rounding sales tax up to the nickel. Are you saying the state gummints would only round sales tax up and not down? I'm not saying I don't think they wouldn't, but..... Pretty much, especially in current budget conditions. -- "Even I realized that money was to politicians what the ecalyptus tree is to koala bears: food, water, shelter and something to crap on." ---PJ O'Rourke |
OT Did You Know It Costs More Than a Penny to Make a Penny?
I'd easily believe that.
-- Christopher A. Young Learn more about Jesus www.lds.org .. "Metspitzer" wrote in message ... I haven't done the math, but a friend claims he has. He says the national debt is around 6 times the total amount of cash in circulation. |
OT Did You Know It Costs More Than a Penny to Make a Penny?
wrote in message ... one and 5 dollar bills shouldnt be paper, make them low weight coins for easy carrying. Which would require the banking, retail and vending machine industries to spend many billions of dollars to accommodate the new coinage, and who do you suppose they'll pass that cost onto? We DONT need a post office on every corner We don't have a post office on every corner, at least on this planet. , none closer than say 5 miles, contract out much to grocery and other stores, elminate saturday and wednesday deliveries. they arent needed. If you did this all thru government we wouldnt have a deficit:) What? |
OT Did You Know It Costs More Than a Penny to Make a Penny?
Harry K wrote:
One of the major reasons for the dollar coin flop is the size. It is too close to a quarter. I hear that a lot, but I don't buy it. ALL paper money is exactly the same size and weight. Solution? You actually have to look at it. No reason the same doesn't apply to coins. The dollar coin will be hugely successful the moment they stop printing paper ones. |
OT Did You Know It Costs More Than a Penny to Make a Penny?
On Jan 18, 5:36*pm, "DGDevin" wrote:
wrote in ... one and 5 dollar bills shouldnt be paper, make them low weight coins for easy carrying. Which would require the banking, retail and vending machine industries to spend many billions of dollars to accommodate the new coinage, and who do you suppose they'll pass that cost onto? We DONT need a post office on every corner We don't have a post office on every corner, at least on this planet. , none closer than say 5 miles, contract out much to grocery and other stores, elminate saturday and wednesday deliveries. they arent needed. If you did this all thru government we wouldnt have a deficit:) What? Around pittsburgh there are tiny post offices within a mile of one another. This all costs big bucks and isnt needed. |
OT Did You Know It Costs More Than a Penny to Make a Penny?
On Jan 18, 7:16*pm, Rick Brandt wrote:
Harry K wrote: One of the major reasons for the dollar coin flop is the size. *It is too close to a quarter. I hear that a lot, but I don't buy it. *ALL paper money is exactly the same size and weight. *Solution? You actually have to look at it. *No reason the same doesn't apply to coins. The dollar coin will be hugely successful the moment they stop printing paper ones. the blid cant identify the difference between bills, theres a lawsuit about this. money must be redesigned, better to go efficent, and give vending companies a short term tax break to cover upgrade costs. many vending machines accept credit/debit cards. which is more efficent minimizes break ins and no cash counting |
OT Did You Know It Costs More Than a Penny to Make a Penny?
On Jan 18, 4:16*pm, Rick Brandt wrote:
Harry K wrote: One of the major reasons for the dollar coin flop is the size. *It is too close to a quarter. I hear that a lot, but I don't buy it. *ALL paper money is exactly the same size and weight. *Solution? You actually have to look at it. *No reason the same doesn't apply to coins. The dollar coin will be hugely successful the moment they stop printing paper ones. There is a big difference between "successful" and "popular". Give the coin a distinctive size so you can tell it by feel would be a big start. that the "powers' can't seem to _get_ that simple concept is amazing. Harry K |
OT Did You Know It Costs More Than a Penny to Make a Penny?
Harry K wrote:
On Jan 18, 4:16 pm, Rick Brandt wrote: Harry K wrote: One of the major reasons for the dollar coin flop is the size. It is too close to a quarter. I hear that a lot, but I don't buy it. ALL paper money is exactly the same size and weight. Solution? You actually have to look at it. No reason the same doesn't apply to coins. The dollar coin will be hugely successful the moment they stop printing paper ones. There is a big difference between "successful" and "popular". Give the coin a distinctive size so you can tell it by feel would be a big start. that the "powers' can't seem to _get_ that simple concept is amazing. To make it very distinctive would cause people to complain that it is too large and also drive up cost and weight. We had large coins and people didn't carry them. Screw "popular". It's money. Someday we'll be doing it all with our phones or other e-methods anyway. |
OT Did You Know It Costs More Than a Penny to Make a Penny?
On 1/18/2011 12:53 PM, Harry K wrote:
On Jan 17, 8:23 pm, Tony wrote: On 1/17/2011 5:15 PM, Metspitzer wrote: http://gizmodo.com/5734677/did-you-k...han-a-penny-to... They should stop making them. Yes but the US Mint and the US Treasury are two separate entities. In Canada $1 coins (loon?) are used all the time because they stopped making $1 bills. That is why we never adjusted to the dollar coin, because the Treasury won't stop loosing money making paper dollars. One of the major reasons for the dollar coin flop is the size. It is too close to a quarter. I thought that after the Susan B anthony fiasco they would have learned but nooo...here comes the new one with the same flaw. The Canadian ones are the same size and they are used a lot because they stopped printing $1 bills. Our treasury doesn't want to loose any business so they keep wasting money on $1 bills. That's why the US dollar coin isn't used. |
OT Did You Know It Costs More Than a Penny to Make a Penny?
On 1/18/2011 5:36 PM, DGDevin wrote:
wrote in message ... one and 5 dollar bills shouldnt be paper, make them low weight coins for easy carrying. Which would require the banking, retail and vending machine industries to spend many billions of dollars to accommodate the new coinage, and who do you suppose they'll pass that cost onto? Banking, and vending machines are set up for $1 coin. Vending machines have been accepting them for over 15 years. Actually when the SBA coin first came out arcade machines boasted that they accepted them, even gave an extra credit or two if you used the SBA coin. That was ???? early 80's? And they did make mechanical $ acceptors just for it. If a new vending machine doesn't accept dollar coins, it's because the owner has it set that way. Just a flip of a switch. Those coin acceptors/rejectors are almost all electronic. They sense what metals roll by the sensors. I once fixed a disposable camera vending machine. I had never seen one before. It only accepts $ coins. The owner of the machine gets the dollar coins from the bank and from in the machine and keeps the front desk stocked with them. |
OT Did You Know It Costs More Than a Penny to Make a Penny?
On 1/18/2011 7:16 PM, Rick Brandt wrote:
Harry K wrote: One of the major reasons for the dollar coin flop is the size. It is too close to a quarter. I hear that a lot, but I don't buy it. ALL paper money is exactly the same size and weight. Solution? You actually have to look at it. No reason the same doesn't apply to coins. The dollar coin will be hugely successful the moment they stop printing paper ones. Exactly. |
OT Did You Know It Costs More Than a Penny to Make a Penny?
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OT Did You Know It Costs More Than a Penny to Make a Penny?
On Jan 19, 4:46*am, Rick Brandt wrote:
Harry K wrote: On Jan 18, 4:16 pm, Rick Brandt wrote: Harry K wrote: One of the major reasons for the dollar coin flop is the size. *It is too close to a quarter. I hear that a lot, but I don't buy it. *ALL paper money is exactly the same size and weight. *Solution? You actually have to look at it. *No reason the same doesn't apply to coins. The dollar coin will be hugely successful the moment they stop printing paper ones. There is a big difference between "successful" and "popular". *Give the coin a distinctive size so you can tell it by feel would be a big start. *that the "powers' can't seem to _get_ that simple concept is amazing. To make it very distinctive would cause people to complain that it is too large and also drive up cost and weight. *We had large coins and people didn't carry them. Screw "popular". *It's money. *Someday we'll be doing it all with our phones or other e-methods anyway.- Hide quoted text - - Show quoted text - Who says it has to be "big" It can be smaller, even a little bit bigger. The old dollar coins for sure were a nuisance. They were in common use in this area up to around the mid 50s. I could still get a few in change after that when I came back on furlough. Advantage? Great 'break the ice' with the girls back east when you could pull out a few. Harry K |
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