This coming week marks the end of the 120 day period the Mint set on December 14th, 2006, prohibiting or limiting the exportation, melting or treatment of one-cent and 5-cent U.S. coins. The "interim rule" was to be effective for a period of 120 days. The public had 30 days to submit comments. Upon consideration of such comments the Director of the Mint would then issue the final rule. Anyone care to speculate what the final rule will be?? Will the cent be discontiued? Will the cent be rebased to be worth 5 cents and the nickel discontinued? Will the metal content of the coins be changed(to what?)? Will the "rule" remain unchanged? Any Ideas??? :secret:
I think the poor 1 cent will have to go, after the 2009 commem!! The nickle will remain for all time and as metal prices get higher...the mintages of nickles will get smaller!! Just my two cents.. for what its worth!! RickieB
The 1 cent coin will always be needed to conduct biz but they may change the metal to save money. only my opinion
The way the dollar is falling against foreign currencies, we may need the penny just to be paid at the end of the week. I'll say the 120 days rule will continue.
I can't think of a single thing I could buy with 4 cents or less. The penny is expression of futility. The nickel and dime should soon follow suit. It all averages out in the long run and who cares about such small change when dealing with the everyday?
