Author Topic: Say goodbye to pennies..  (Read 97 times)

0 Members and 1 Guest are viewing this topic.

Offline ironglowz

  • Trade Count: (0)
  • A Real Regular
  • ****
  • Posts: 684
Say goodbye to pennies..
« on: October 28, 2025, 02:57:32 AM »
  Feds have stopped production of pennies..  Businesses already being told to start "rounding up or down" to nearest nickel.

   Banks will soon start retaining any pennies they get in..

Offline Dixie-Dude

  • Trade Count: (0)
  • Senior Member
  • *****
  • Posts: 1127
  • Gender: Male
Re: Say goodbye to pennies..
« Reply #1 on: October 28, 2025, 12:47:10 PM »
Sad, but it costs about $0.03 to make a penny.  Government was loosing money to make pennies and they were 90% zinc today.  Then, I read there is $0.07 in a nickel.  A nickel is worth more in the raw metal than in it's stamped value.  They could make pennies out of aluminum and put a copper coating on them.  Don't know why they haven't.  Could be weight.  Blind people can feel the weight of a coin and feel the edges to see if they are smooth or have grooves.  This is what inflation does. 
Opelika Portal

Online Dee

  • Trade Count: (2)
  • Senior Member
  • *****
  • Posts: 24793
  • Gender: Male
Re: Say goodbye to pennies..
« Reply #2 on: October 28, 2025, 01:08:14 PM »
I'd rather go back to gold and silver. Promissory notes only have value if backed by gold, or silver.
Hard times create strong men. Strong men create good times. Good times create weak men. Weak men create hard times.

Offline Mule 11

  • Trade Count: (0)
  • Senior Member
  • *****
  • Posts: 5704
Re: Say goodbye to pennies..
« Reply #3 on: October 28, 2025, 01:44:08 PM »
I’d accept gold or silver.