cbs

CBS 60 Minutes News Video: Should We Make Cents? Part Two – Watch It Online

by Rhonda Kay on February 11, 2008 · 4 comments

CBS 60 Minutes News Video: Should We Make Cents?The CoinNews Saturday eNewsletter and the short post Sunday morning included information about the Sunday night 60 Minutes news segment titled, Should We Make Cents?

Morley Safer reports on how the penny and nickel are worth less than the U.S. government cost to manufacture them – the penny almost two cents and the nickel almost a dime.

The largest portion of the segment, as the 60 Minutes title suggests, revolves around the various points of view on whether the government should stop making Lincoln pennies.

Why is the manufacturing cost of the 1-cent penny and 5-cent nickel up so much? United States Mint Director Ed Moy summed it up:

Read the rest of this numismatic news article »

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Is the U.S. Penny and Nickel Worth Keeping? 60 Minutes Asks.

by CoinNews.net on February 10, 2008 · 6 comments

5-cent nickels contain 75% copper and 25% nickel. 1-cent pennies contain 2.5% copper with the remaining zinc. The price of these metals have each gone up significantly and for over a year now, their melt value has been worth more than their real value. Or, more to the point, it costs the U.S. government more […]

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He Finds $182,000 in a Bathroom Wall — She Wants It. Who Gets It?

by CoinNews.net on December 27, 2007 · 0 comments

You’re tearing out plaster from a bathroom wall and suddenly wads of cash appear before your eyes. The cash hoard is enormous with a face amount totaling $182,000. Better yet, it’s not just any old cash, but 70-year old bank notes in great condition with some on the rare side. Suddenly, the $182,000 starts to […]

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