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Is the Cent Wothless?
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<p>[QUOTE="cladking, post: 800827, member: 68"]This is absurd. </p><p><br /></p><p>If you subtract the metal costs from these it looks like;</p><p><br /></p><p>cent: 1c </p><p>nickel: 1c </p><p>dime: 3c </p><p>quarter: 6c </p><p>dollar: 20c</p><p><br /></p><p>It's simply ludicrous to believe they can fabricate a nickel for a penny but it costs twenty times as much to make a similarly sized dollar. Why would a little dime cost three times as much to make as a penny? </p><p><br /></p><p>Obviously they are shifting the huge waste of making pennies and nickels onto the other coinage. </p><p><br /></p><p>The biggest waste of the penny is when it actually gets used. When you see a well worn cent (VF) all that wear represents a few dollars in waste. With 200,000,000,000 pennies lying around representing so much waste it's mind boggling. Then add to this waste the additional waste of not havcing a circulating dollar coin since this coin can't circulate with the penny because of the lack of space in change drawers. </p><p><br /></p><p>I once called our coinage system static and obsolete. It certainly hasn't been static since 1999 but it has gone well beyond obsolete to dysfuntional. </p><p><br /></p><p>One might even say it has jumped the shark and gone beyond the pale.[/QUOTE]</p><p><br /></p>
[QUOTE="cladking, post: 800827, member: 68"]This is absurd. If you subtract the metal costs from these it looks like; cent: 1c nickel: 1c dime: 3c quarter: 6c dollar: 20c It's simply ludicrous to believe they can fabricate a nickel for a penny but it costs twenty times as much to make a similarly sized dollar. Why would a little dime cost three times as much to make as a penny? Obviously they are shifting the huge waste of making pennies and nickels onto the other coinage. The biggest waste of the penny is when it actually gets used. When you see a well worn cent (VF) all that wear represents a few dollars in waste. With 200,000,000,000 pennies lying around representing so much waste it's mind boggling. Then add to this waste the additional waste of not havcing a circulating dollar coin since this coin can't circulate with the penny because of the lack of space in change drawers. I once called our coinage system static and obsolete. It certainly hasn't been static since 1999 but it has gone well beyond obsolete to dysfuntional. One might even say it has jumped the shark and gone beyond the pale.[/QUOTE]
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