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GOODBYE PENNY?
Posted: Wed Jan 22, 2025 10:44 pm
by GRANDPA
DOGE says they are taking a look at getting rid of the penny. It costs something $3.27 to make each one (just kidding). The nickel doesn't seem to be much better. Besides, the back of the penny looks like play money. https://www.businessinsider.com/doge-el ... ful-2025-1
Re: GOODBYE PENNY?
Posted: Thu Jan 23, 2025 6:15 pm
by jellowrestling
When the U.S. abandoned the half-penny in 1857, it had more than the value of a dime today. The idea of ditching the penny has been around for decades. It's time.
Re: GOODBYE PENNY?
Posted: Thu Jan 23, 2025 7:12 pm
by planosteve
The penny has more intrinsic value than a $1,000 bill.
Re: GOODBYE PENNY?
Posted: Thu Jan 23, 2025 8:35 pm
by jellowrestling
planosteve wrote:The penny has more intrinsic value than a $1,000 bill.
Dumb. I'll be happy to convert all of your $1K bills to pennies.
Re: GOODBYE PENNY?
Posted: Thu Jan 23, 2025 8:50 pm
by planosteve
jellowrestling wrote:planosteve wrote:The penny has more intrinsic value than a $1,000 bill.
Dumb. I'll be happy to convert all of your $1K bills to pennies.
I was referring to the original copper penny. I don't know what they are made of anymore.
Re: GOODBYE PENNY?
Posted: Thu Jan 23, 2025 10:52 pm
by jellowrestling
planosteve wrote:jellowrestling wrote:planosteve wrote:The penny has more intrinsic value than a $1,000 bill.
Dumb. I'll be happy to convert all of your $1K bills to pennies.
I was referring to the original copper penny. I don't know what they are made of anymore.
They are mostly zinc now. The last all-copper penny was produced in 1857.
Re: GOODBYE PENNY?
Posted: Fri Jan 24, 2025 11:17 am
by rusty
Good riddance. It costs 3.07 cents to make a penny. It costs 2.8 cents to produce a $1 bill.
Re: GOODBYE PENNY?
Posted: Fri Jan 24, 2025 1:10 pm
by jellowrestling
rusty wrote:Good riddance. It costs 3.07 cents to make a penny. It costs 2.8 cents to produce a $1 bill.
+1
Re: GOODBYE PENNY?
Posted: Fri Jan 24, 2025 1:47 pm
by GRANDPA
Re: GOODBYE PENNY?
Posted: Fri Jan 24, 2025 3:24 pm
by jellowrestling
Let's get rid of that, too.
Re: GOODBYE PENNY?
Posted: Fri Jan 24, 2025 5:17 pm
by rusty
jellowrestling wrote:Let's get rid of that, too.
+1
Re: GOODBYE PENNY?
Posted: Fri Jan 24, 2025 5:19 pm
by rusty
jellowrestling wrote:Let's get rid of that, too.
While we’re at it let’s get rid of DST, or just get rid of standard time. I really don’t care which one. Pick one and leave it. Like the Ronco chicken cooker. Set it and forget it.
Re: GOODBYE PENNY?
Posted: Fri Jan 24, 2025 8:28 pm
by GRANDPA
As long as everyone is on the same page, all DST or all ST. Pick one, then leave it alone. My preference is standard time, but I can live with either. I wish Trump would issue an executive order banning sporks & those scrawny little useless stir sticks, too.
Re: GOODBYE PENNY?
Posted: Sat Jan 25, 2025 6:15 am
by rusty
GRANDPA wrote:As long as everyone is on the same page, all DST or all ST. Pick one, then leave it alone. My preference is standard time, but I can live with either. I wish Trump would issue an executive order banning sporks & those scrawny little useless stir sticks, too.
It’s my understanding that you can blame Colonel Sanders for sporks.
Re: GOODBYE PENNY?
Posted: Sat Jan 25, 2025 6:38 am
by planosteve
We should return to the only legal, constitutional money, silver and gold. And add copper too. Fiat money allows the govt. to spend however much they want without taxing it and finances all of the wars.