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<p>[QUOTE=&quot;NorthKorea, post: 1707398, member: 29643&quot;]Umm... nice attempt at bypassing the chat filter. It&#039;s in place to protect YNs and other minors who visit the site, BTW.</p><p><br /></p><p>Beyond that, the silver melting ban lasted from 1967-1969. That was at least partially because they still had 40% silver coins in circulation, so it would have been simply moronic for the Mint to produce silver coins simply to replace the silver coins that were being melted.</p><p><br /></p><p>I don&#039;t think having a ban on melting pennies/nickels is a bad thing. It costs the government 2-cents to make/distribute a penny and 10-cents to make/distribute a nickel. If they didn&#039;t attempt to take a stand to curb destruction of coinage, since the government is <b>still producing</b> nickels and pennies made from copper, there would be an unnecessary cost occurrence to replace the coins each time there was a spike in the price of nickel.</p><p><br /></p><p>A better solution than getting rid of the penny might be to change the composition of the coins. They could go to a steel or aluminium coinage system.</p><p><br /></p><p>Before anyone argues that pennies aren&#039;t copper anymore, since 1982 (when the switch was made to copper plated zinc), all pennies in circulation have been copper plated. If the law weren&#039;t in place to obviously impede the destruction of pennies and nickels, people might get into trouble by removing the copper layer or something.</p><p><br /></p><p>Lastly, I think, if the government decides to end the penny, they should do so silently through a recall process. Issue less and less of them (similar to Thailand&#039;s treatment of the 1-/5-/10-Satang pieces). This way, banks could still use them to balance books annually, and you wouldn&#039;t have unnecessary rounding off of interest. Yes, rounding off. There&#039;s no incentive for a bank to round up, after all.[/QUOTE]</p><p><br /></p>

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