In regards to the last paragraph, how many vending machines do you actually NEED to use a penny anymore? Items in vending machines are USUALLY $.50 or higher. Sure you can pay in 50+ pennies or 10 nickels, but that shouldn’t be necessary. That’s when the quarter or dollar coin should come into play. No need to remake the lesser valued coins when we have the dollar coin. You carry less coins in your pocket.
If the law happens, it sounds like they could change the composition within all coins and not just the nickel or penny. They’d probably save even more money by coming up with different and cheaper metal compositions for the larger coins. In that case, quarters would be affected and they’d really have to make sure it didn’t affect current vending machines.
[...] H.R. 3956, a newly introduced bill by Mr. Space. First, it contains the language of an older bill, H.R. 3330, which would give the U.S. Treasury the authority to change the metal composition of [...]
I wish Americans, and our politicians, would already recogize the insanity of our current currency system, and institute changes that have been overdue for decades. Why is it, with the dollar worth 1/20 of its 1930’s value, that we still use the EXACT same system of coins and currency in place seventy-five years ago? This is simply ridiculous and unwieldy, as many of my foreign customers take note of and mention all the time.
The cent and the “nickel”: kill them!
The one dollar and five dollar bill: koll them too.
We need a 10, 20, and 50 cent coin, and coins for the dollar, two dollar and five dollar denominations as well.
When will stubborn Americans face economic reality? I’ve been waitng for thirty years, and I’m still waiting!
i have a 1980 something penney with a circular imprint on the lincoln side of the penney. it is about 1/16 of an inch from the edge of the coin. does anybody know it’s worth or have any info on the error?
I believe I read this evening that the U S Mint has produced 880 million Pennies and Nickles this year. I have been to the Banks in Charlotte,NC for the years 2007 and 2008 and still cannot find any rolls. Either the Mint is Hoarding these coins for a future melt down or running up the cost. I hope they do not change the metal content on the penny’s and still release 4 viariant next year for the 100 anniversary of the Lincoln cent. I also hope the Mint sell’s bags of these coins to the public off of the U S mint web site.
August 10th, 2007 at 9:29 pm
In regards to the last paragraph, how many vending machines do you actually NEED to use a penny anymore? Items in vending machines are USUALLY $.50 or higher. Sure you can pay in 50+ pennies or 10 nickels, but that shouldn’t be necessary. That’s when the quarter or dollar coin should come into play. No need to remake the lesser valued coins when we have the dollar coin. You carry less coins in your pocket.
August 11th, 2007 at 10:17 am
If the law happens, it sounds like they could change the composition within all coins and not just the nickel or penny. They’d probably save even more money by coming up with different and cheaper metal compositions for the larger coins. In that case, quarters would be affected and they’d really have to make sure it didn’t affect current vending machines.
November 5th, 2007 at 5:22 pm
[...] H.R. 3956, a newly introduced bill by Mr. Space. First, it contains the language of an older bill, H.R. 3330, which would give the U.S. Treasury the authority to change the metal composition of [...]
December 29th, 2007 at 3:42 am
I wish Americans, and our politicians, would already recogize the insanity of our current currency system, and institute changes that have been overdue for decades. Why is it, with the dollar worth 1/20 of its 1930’s value, that we still use the EXACT same system of coins and currency in place seventy-five years ago? This is simply ridiculous and unwieldy, as many of my foreign customers take note of and mention all the time.
The cent and the “nickel”: kill them!
The one dollar and five dollar bill: koll them too.
We need a 10, 20, and 50 cent coin, and coins for the dollar, two dollar and five dollar denominations as well.
When will stubborn Americans face economic reality? I’ve been waitng for thirty years, and I’m still waiting!
January 5th, 2008 at 4:50 pm
i have a 1980 something penney with a circular imprint on the lincoln side of the penney. it is about 1/16 of an inch from the edge of the coin. does anybody know it’s worth or have any info on the error?
July 11th, 2008 at 7:16 pm
I believe I read this evening that the U S Mint has produced 880 million Pennies and Nickles this year. I have been to the Banks in Charlotte,NC for the years 2007 and 2008 and still cannot find any rolls. Either the Mint is Hoarding these coins for a future melt down or running up the cost. I hope they do not change the metal content on the penny’s and still release 4 viariant next year for the 100 anniversary of the Lincoln cent. I also hope the Mint sell’s bags of these coins to the public off of the U S mint web site.