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...the Mint now has the authority to research and test less expensive alloy alternatives for coins. Currently the Lincoln Penny and the Jefferson nickel cost more to produce than their corresponding face values. The Treasury Secretary is expected to address this situation under the auspices of the new act.
The value of the metal content of one-cent and five-cent coins has exceeded their face value, compelling the U.S. Mint to implement regulations to protect them from arbitrage, the notice says.
Originally posted by VictorVonDoom
I've been hoarding the pennies for years now. I wasn't aware of the nickels. Thanks for the info.
Originally posted by HUMBLEONE
Why don't they just make them out of hardened bovine excrement? Since the latter is the foundation of the current system? I do wish they would make the paper bills a bit softer, since we will soon be using them to wipe are arses with.
Originally posted by nickoli
It'll actually cost more in fuel to melt the said coins than what you will make in profit. Smelters are huge energy consumers.
Originally posted by bekod
well we will not have to worry about the penny cashmoneylife.com... from the link, The Death of the Penny – US Mint to Cease Penny Production in 2011, that is fine by me can not stand the darn things, when i need a dime, it is a penny.
$$$ And if you haven’t figured it out by now – Happy April Fools Day!