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 Replies: 175 / Views: 7,905 |
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Valued Member
Canada
71 Posts |
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Pillar of the Community
United States
4312 Posts |
Years of debate and speculation ending with a president getting bored and posting on social media in the middle of a Super Bowl. A Super Bowl that he insisted on attending in-person btw (Who knows how much that cost?).
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Valued Member
United States
99 Posts |
Can he do this without Congress?
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Pillar of the Community
United States
4312 Posts |
He's been trying to do a lot of things without Congress recently, we'll see if anyone tries to uphold the separation of powers on these issues or if they just give this to him.
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Pillar of the Community
 United States
6369 Posts |
As much as I search cents, it's time....
-makecents-
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Pillar of the Community
United States
2269 Posts |
Quote:
As much as I search cents, it's time.... Might have to change your name to makenocents now :)
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Pillar of the Community
United States
540 Posts |
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Pillar of the Community
United States
2169 Posts |
I'm so glad!
You realize when you know how to think, it empowers you far beyond those who know only what to think.
-Neil deGrasse Tyson
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Valued Member
Canada
379 Posts |
I assume you will be as enthusiastic when he discovers how much more can be saved by converting 1,2 & 5 dollar bills to coins... https://www.federalreserve.gov/faqs...er-money.htm The lifespan of Federal Reserve notes varies by denomination and depends on a number of factors, including how the denomination is used by the public. For example, larger denominations such as $100 notes are often used as a store of value, which means they pass between users less frequently than lower-denominations such as $5 notes, which are more often used for transactions. Denomination Estimated Lifespan* $1 6.6 years $5 4.7 years $10 5.3 years $20 7.8 years $50 12.2 years $100 22.9 years coins Coins can last around 30 years in circulation before they're too worn to use. When coins reach the end of their life, the Federal Reserve removes them from circulation. Old coins are melted down and used for other things. Life of a Coin | Coin Classroom - United States Mint kids.usmint.gov/coins-life |
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Valued Member
United States
344 Posts |
As a former coin roll hunter, I'm hopeful that the penny is not phased out. Also interested to see if Congress supports this. And then if the penny is no longer minted what that does for supply, and if there are runs on banks.
Also surprised there isn't a push to stop production or change nickels (and other coins) from cupronickel to something cheaper. And then start a metal recycling program to recoup the more valuable metals. Like what Canada does.
Edited by JobIII
02/10/2025 12:12 am
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Pillar of the Community
931 Posts |
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New Member
United States
14 Posts |
When the Half Cent was eliminated back in 1857, it was worth $0.18 in today's money. For comparison, the last time the cent had $0.18 in purchasing power was 1943. So the steelies would've been the last pennies if we had followed the precedent. Pretty much the only reason the cent still exists today is because of the zinc lobby. |
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Pillar of the Community
United States
7453 Posts |
Watch how fast the Mint takes the leftover 2025 Cents, rolls them up and sells 2 roll sets online for $19.95! "Get them before they are gone forever!"
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Pillar of the Community
931 Posts |
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Pillar of the Community
 Canada
5124 Posts |
This looks like a thread to could really go off the rails rather quickly . To throw a bit of humour into this ..forward to 2028 Congress introduces a bill . "Make Lincoln Great Again " After a hiatus of 3 years the House seeks the reintroduction of The Lincoln Penny . The one cent coin should have ended years ago . That said America ..enjoy the next 4 years ,you are certainly entertaining the ROW !  Edited by Pacificoin
02/10/2025 12:51 am
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Pillar of the Community
United States
1665 Posts |
The Secretary of the Treasury has the power to stop minting of new coins, but he or she does not have the power to kill the denomination itself or demonetize it.
There are billions of them in change jars and piggy banks that remain legal tender until Congress changes it.
This situation is ideal for us "copper miners". The cents will still be around and this decision may get people to start to bring them in for redemption. That means more copper!!!!
Edited by DoubleEagle20
02/10/2025 01:08 am
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Replies: 175 / Views: 7,905 |
Posted 02/09/2025 10:25 pm
