No more pennies will be minted

[sparky]

So what happens when the the vault is opened @ Ft Knox now???? ~S~

 

[Cellblock2429]

View attachment 1076904

What is next, the 5 dollar bill?

/----/ No, but the $2 bill may be next. They are hard to spend because millinial clerks think they are counterfit. Like a counterfitter would create a new denomination instead of the more popular ones.

 

[JGalt]

/---/ As a coin collector, I have about a thousand pennies, mostly wheat and made of copper. The older Lincoln Memorials are worth $1 each if MS65. Newer zinc are only valuable if they have mint errors. I wonder how they will move in value

The sky's the limit. Collectible pennies should rise in price.

 

[Blaster]

A penny for your thoughts.

 

[SeaMajor7]

Up next for elimination is the Henny Penny climate cult.

 

[JGalt]

A penny for your thoughts.

That'll cost you a nickel now.

Except when I have a great idea, then it's a dollar.

 

[JGalt]

Up next for elimination is the Henny Penny climate cult.

JC Penney will now be JC Nickel.

 

[SeaMajor7]

JC Penney will now be JC Nickel.

View attachment 1076934

That's about all they're worth these days.

 

[Zincwarrior]

Bury them around a white hydrangea and it will change the flowers color.

This is cool. What color do they change to?

 

[Cellblock2429]

A penny for your thoughts.

/---/ Ok, but only if it's this penny.

1943-D Lincoln Wheat Cent Penny: Bronze/Copper

$2,414,612

 

[RetiredGySgt]

Dollar coins. Cheaper overall than $1 bills due to the MUCH longer life in circulation. (20+ years versus 6-10 months.)

except no one has ever liked the coins they make as dollars. I used to trade 20 dollars for 20 dollar coins every payday as a marine the businesses didn't like to take them

 

[Cellblock2429]

except no one has ever liked the coins they make as dollars. I used to trade 20 dollars for 20 dollar coins every payday as a marine the businesses didn't like to take them

/---/ Because of their size, they were confused with quarters, and vending machines didn't like them. I know the Long Island Railroad ticket kios despensed them as change. I saw one guy look at three of them and toss them in the trash.
I asked him why, and he said, "What the hell am I going to do with them? Noboday will take 'em." So I grabbed them and still have them after all these years.

 

[BlackSand]

It's time.

When benjamin franklin wrote "A penny saved is a penny earned"...The penny was worth around $2 in todays money.

A penny would get you a loaf of bread!

.

Makes you wonder if it is the first volley in an assault on currency altogether.
The production, transportation, management and security measures involved in currency add up.

But the value of currency and the US dollar in general varies daily in world markets.
It's like trying to assign a static value to a fluctuating factor.

If someone actually asks you what the value of the dollar is ... It would be fair to tell them, a beer on the beach in Mahahaul, Mexico.
The only value currency actually has, exists in what someone is willing to give you for it ...
And $5 USD will get a bucket of 5 ice cold beers there.

The government would also truly love to go to a cashless system ...
Loss of freedoms and gain of control ...
Just power over an everyday part of your life ...

.​

 

[konradv]

so who keeps the extra pennies from millions of cash transactions??

bad idea..

.01 or .02, round down to .00; .03 or .04 round up to .05. It all averages out.

 

[egp320i]

if Congress passes a bill to stop the minting of the penny, the President would need to sign it into law for it to take effect, assuming the bill follows the standard legislative process. However, there are important details to consider about the process, the President's role, and potential outcomes. Here's a breakdown:

The Legislative Process

1. Congressional Approval:
   • For a bill to stop minting the penny to reach the President, it must first be passed by both chambers of Congress:
     • The House of Representatives and the Senate must approve the bill with a majority vote.
     • If the versions of the bill passed by the House and Senate differ, they must be reconciled through a conference committee or further negotiations before a final version is sent to the President.
2. Presidential Action:
   • Once Congress passes the bill, it is sent to the President, who has three options:
     • Sign the Bill: If the President signs the bill, it becomes law, and the minting of the penny would be halted as specified in the legislation.
     • Veto the Bill: The President can veto the bill, sending it back to Congress with a message explaining the reasons for the veto. Congress can override the veto with a two-thirds majority vote in both the House and Senate, but this is rare.
     • Take No Action (Pocket Veto or Passive Approval): If the President does not sign or veto the bill within 10 days (Sundays excepted) while Congress is in session, the bill automatically becomes law. However, if Congress adjourns during this 10-day period, the bill is effectively vetoed (known as a "pocket veto").

 

[pknopp]

if Congress passes a bill to stop the minting of the penny, the President would need to sign it into law for it to take effect, assuming the bill follows the standard legislative process. However, there are important details to consider about the process, the President's role, and potential outcomes. Here's a breakdown:

The Legislative Process

1. Congressional Approval:
   • For a bill to stop minting the penny to reach the President, it must first be passed by both chambers of Congress:
     • The House of Representatives and the Senate must approve the bill with a majority vote.
     • If the versions of the bill passed by the House and Senate differ, they must be reconciled through a conference committee or further negotiations before a final version is sent to the President.
2. Presidential Action:
   • Once Congress passes the bill, it is sent to the President, who has three options:
     • Sign the Bill: If the President signs the bill, it becomes law, and the minting of the penny would be halted as specified in the legislation.
     • Veto the Bill: The President can veto the bill, sending it back to Congress with a message explaining the reasons for the veto. Congress can override the veto with a two-thirds majority vote in both the House and Senate, but this is rare.
     • Take No Action (Pocket Veto or Passive Approval): If the President does not sign or veto the bill within 10 days (Sundays excepted) while Congress is in session, the bill automatically becomes law. However, if Congress adjourns during this 10-day period, the bill is effectively vetoed (known as a "pocket veto").

Which means my guess is in 4 years we are still minting the penny.

 

[egp320i]

Which means my guess is in 4 years we are still minting the penny.

R's have control of both houses so if it's going to go through now is the time

it's kinda silly, 100M a year for the government is........well pocket change

they can blow that over a weekend yet all the drama over the penny

 

[BlackSand]

.01 or .02, round down to .00; .03 or .04 round up to .05. It all averages out.

.

That's a government plan for you ... Default to the average and everything will work out ...

.​

 

[pknopp]

R's have control of both houses so if it's going to go through now is the time

it's kinda silly, 100M a year for the government is........well pocket change

they can blow that over a weekend yet all the drama over the penny

I don't think it's super controversial. As I noted Canada did it in 2012. The only question is if anyone takes the time to see it through.

Not a lot of political gain in it for the effort.

 

[BlackSand]

I don't think it's super controversial. As I noted Canada did it in 2012. The only question is if anyone takes the time to see it through.

Not a lot of political gain in it for the effort.

.

Not controversial at all ... We should get rid of all the shit that costs us more than it provides ...

.​