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04-09-2008, 11:39 AM
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#1 (permalink)
| | 2nd grade citizen
Join Date: Aug 2007  Location: Hovering around .500
Posts: 5,754
Likes: 415
| Something I stumbled on
and thought this was pretty dang funny. Jerry's Haven N Tell The $2 Bill | 
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04-09-2008, 11:45 AM
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#2 (permalink)
| | Senior Member
Join Date: Jan 2007 Location: Los Angeles, CA
Posts: 21,924
Likes: 0
| i just want us to get rid of the pennie | |
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04-09-2008, 01:25 PM
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#4 (permalink)
| | Senior Member
Join Date: Aug 2007 Location: Chattanooga (Ringgold, actually)
Posts: 1,285
Likes: 12
| People are idiots. | |
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04-09-2008, 01:33 PM
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#5 (permalink)
| | Senior Member
| Quote:
Originally Posted by droski  i just want us to get rid of the pennie | And print a $500.
Really, when you get down to it, Treasury should probably begin taking 1s out of circulation in favor of the coins, too. | |
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04-09-2008, 01:49 PM
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#6 (permalink)
| | Junior Member
| Look up seignorage and you'll understand why the Treasury is not so hot on ceasing production. | |
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04-09-2008, 02:20 PM
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#7 (permalink)
| | Senior Member
| Quote:
Originally Posted by Plano Vol Look up seignorage and you'll understand why the Treasury is not so hot on ceasing production. | I don't think anyone has voiced an opinion on the amount of currency in circulation, only the denomination. | |
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04-09-2008, 02:28 PM
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#8 (permalink)
| | Senior Member
Join Date: Jan 2007 Location: Los Angeles, CA
Posts: 21,924
Likes: 0
| Quote:
Originally Posted by Plano Vol Look up seignorage and you'll understand why the Treasury is not so hot on ceasing production. | i believe the pennie now costs more than 1 cent to produce. | |
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04-09-2008, 02:49 PM
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#10 (permalink)
| | Senior Member
Join Date: Jan 2007 Location: Los Angeles, CA
Posts: 21,924
Likes: 0
| i never claimed to be very bright dickens | |
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04-09-2008, 03:13 PM
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#11 (permalink)
| | Senior Member
| Quote:
Originally Posted by droski i never claimed to be very bright dickens |  Didn't mean to offend/insult. It was just bothering me. I had to bring it to light.  | |
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04-09-2008, 03:39 PM
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#12 (permalink)
| | Junior Member
| Quote:
Originally Posted by droski i believe the pennie now costs more than 1 cent to produce. | I have heard that as well. Someone was suggesting that all coinage be eliminated. I thinK the U.S. Mint is making a fair amount on the other denominations. | |
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04-09-2008, 03:49 PM
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#13 (permalink)
| | Senior Member
Join Date: Sep 2006 Location: Bristol, Birthplace of country music, TN
Posts: 14,719
Likes: 24
| Quote:
Originally Posted by droski i believe the pennie now costs more than 1 cent to produce. | My friend is the head engineer where they make penny blanks for the US Mint, and the blanks are less than a penny. They are copper clad over an alloy. | |
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04-09-2008, 03:49 PM
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#14 (permalink)
| | Senior Member
| Quote:
Originally Posted by Plano Vol I have heard that as well. Someone was suggesting that all coinage be eliminated. I thinK the U.S. Mint is making a fair amount on the other denominations. | No, they are not. The US mint is a cost center. They don't make anything on the money they produce.
As for the US government as a whole, they would be much better off economically to produce all currency in coinage rather than paper, as even though coins initially cost more to produce, they are destroyed and must be replaced aproximately 5,987,987,979,987,987,987,986,547,862,874,687,664 times more often than coins.
Therefore coins > paper. | |
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