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"Integrity means having to say things that people don't want to hear & especially to say things that the regime doesn't want to hear.” -Ron Paul
"Bathtub falls and police officers kill more Americans than terrorism, yet we've been asked to sacrifice our most sacred rights for fear of falling victim to it." -Edward Snowden
The nickel will be next.
"I shall bring justice to Westeros. Every man shall reap what he has sown, from the highest lord to the lowest gutter rat. They have made my kingdom bleed, and I do not forget that."
-Stannis Baratheon
Nickel candy just doesn't sound right. Or nickel ante. Or "a nickel for your thoughts." Or, "you clean up like a new nickel." Or Nickel Lane.
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This was announced last year. Canadian pennies have been steel for about 10 years already, which cost a fraction of a cent to mint.
I wouldn't mind if they did that here. After all, it costs what, 1.7 cents to mint a cent?
Canadian pennies were made of copper to 1996 .
"Integrity means having to say things that people don't want to hear & especially to say things that the regime doesn't want to hear.” -Ron Paul
"Bathtub falls and police officers kill more Americans than terrorism, yet we've been asked to sacrifice our most sacred rights for fear of falling victim to it." -Edward Snowden
In the US , to 1981 .
Canada also used silver a few years longer than the US.
Last edited by oyarde; 02-06-2013 at 11:55 AM.
I'm trying to think of a Superman III, Office Space way of capitalizing on all this "rounding to the nearest 5 cents". Anyone have any ideas? I'm sure their government already has a plan.
"And now that the legislators and do-gooders have so futilely inflicted so many systems upon society, may they finally end where they should have begun: May they reject all systems, and try liberty; for liberty is an acknowledgment of faith in God and His works." - Bastiat
"It is difficult to free fools from the chains they revere." - Voltaire
Without the inflation from central banking they could still make pennies from solid copper.
Insanity should be defined as trusting the government to solve a problem they caused in the first place. Please do not go insane!
Ironically, stray pennies found will probably be worth much more as a result of this.
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So if I bring them 2,3, o4 4 pennies will they round up for me?
Best of luck in life.
Screw that.
http://en.wikipedia.org/wiki/Penny#First_pennies
A pennyweight is something very specific. One pennyweight = 1/20 of a troy ounce. One troy ounce = 1/12 of a troy pound.
A penny is specifically a coin of exactly one pennyweight.
Original pennies were silver. There are multiple reasons for this. Silver is easier to work than copper, has a lower melting point than copper, and is much more valuable.
The English Pound Sterling is supposed to be exactly that: a troy pound of sterling silver. And a penny is supposed to be 1/240 of a troy pound of silver.
At today's prices, one penny should be roughly $1.58 of federal reserve funny money.
Screw copper. Let's take the penny back to the 9th century.
There are no crimes against people.
There are only crimes against the state.
And the state will never, ever choose to hold accountable its agents, because a thing can not commit a crime against itself.
The Canadian mint even has minted a silver ounce with the maple leaf commemorating the death of the penny.
As of December 2012, it cost two cents to make and distribute a penny. http://news.coinupdate.com/cost-to-m...ce-value-1751/ and the penny today is 2.5% copper and the rest zinc so that would mean it really has about .05 cents worth of copper in it (actually even less since the two cents includes making and distributing it. The metal content was worth 1.63 cents (listed at link as "cost of goods sold") so it is really .04 cents worth of copper in today's pennies.
"Integrity means having to say things that people don't want to hear & especially to say things that the regime doesn't want to hear.” -Ron Paul
"Bathtub falls and police officers kill more Americans than terrorism, yet we've been asked to sacrifice our most sacred rights for fear of falling victim to it." -Edward Snowden
I do not keep modern pennies, just flush them in the free coin counter at the bank along with nickels , dimes and quarters and deposit it in checking account.The real copper pennies , I keep , about a dozen makes an ounce. I keep them and seperate of wheat pennies that are common, after 1935 or so . The 1959 - 1981 copper cents in one storage , the 1935 to 1942 and 1944 - 1958 in another.The1943's are steel and worth around, at least 15 cents ea, the 44-46's are made of recycled shell casings from the war .The nickels from 1942 - 1945 are 35 % silver , easily identifiable without reading the date , flip it over, if there is a large mintmark , (P, D or S ) above the top of the dome , you are in.
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I mentally picture #1 buckshot balls, arrow heads and one ounce rounds
I'm in Canada and this is kind of a bummer. I use pennies for all sorts of things. If you fly RC planes they are great for weight/balance adjustment, and just weighting things in general.
Or you can make medieval armor out of them.
Last edited by Expatriate; 02-12-2013 at 04:38 PM.
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