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 ...
$5 coin, no $5 bill.
That's my ... umm... $0.10 (?) worth. :)
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.”
The North Koreans probably have a shop where it is done. Old world craftmanship and such
I think it’s a mistake to have both paper currency and coin of the same denomination.
$5 coin, no $5 bill.
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.
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.
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. :-)
time for the money be rounded up to the DIME!! More inflation for the US TAXPAYERS!!
Is "generationally" a typo? Probably not, and I concur.
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.
I’m still holding out for the return of a 20¢ coin.
It preserves the 1-2-5-10 progression.
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.
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.
You've described me as well. Who the hell would bother keeping track of me?
“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
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"...
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?
You two can pick your phraseology. My comments stand.
I may be just cynical about this but nickels actually contain a good bit of nickel so they have some intrinsic value
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