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<p>[QUOTE=&quot;PEdoubleNIZZLE, post: 183659, member: 794&quot;]Is the mint really losing so much money. Sure, cents and nickels cost more to make than face, but doesn&#039;t the profit from quarters and dimes make up for it (i&#039;m still not sure how they MAKE money, but i can understand how they lose money.) If they do phase out the cent, it is plausible that they would have to phase out the nickel as well. What&#039;s gonna happen to plastic (cards i mean)? Will we have to use debit cards to be privileged enough to trade in 1/100th of a dollar, rather than 1/0 of a dollar.</p><p><br /></p><p>Why not use aluminum for the core of a cent..... or even lead (just kidding, i know lead is bad because it brains your damage)? We put a freaking man on the moon, yet we can&#039;t fiz a minor problem such as this. I hate when the government forces things, but they force all kinds of stupid laws... such as Regulation D (if i transfer money from my savings to checking more than 4 times a month over the phone or online, i&#039;m a terrorist, or when I need an ID to buy cold medicine, and i can only get 2 boxes because a few people make meth with it... God forbid there are more than 2 adults in my house with a cold... &quot;I&#039;m sorry bro, you gotta suffer. If I get you cold medicine, I just might make some meth with it.&quot; So why not force switching to the $2 bill/dollar coin standard, and keep the cent and nickel but change it to be more economical.</p><p><br /></p><p>Sure, pennies end up in jars at home, but we cash them in. At the end of the year, that&#039;s about $30 more than I would have if they cut it out. Like I said before, even though people leave pennies laying around, it&#039;s their own choice. I&#039;ll pick up a penny every time I see one.</p><p><br /></p><p>On an end note, what will happen years down the line when none of our money is economical to make?&nbsp; Recall all the money? We&#039;ll be back to trading land for 24 glass beads, or trading a mule for a meal. Sure, hard assets are the only thing of value, but money is an interim. You trade one asset (time and labor, unless you&#039;re on welfare... then it&#039;s just sitting on your butt) for an interim asset, cash, which is traded for a hard asset (food, etc.) otherwise, you&#039;d have to go work at target for 2 hours to buy that shirt, work at the grocery store for a week for food, and work at the post office for 1.6 minutes to mail that letter. Keep our cash and coins... change them around as needed, but don&#039;t eliminate a usable fraction. After all, most modern countries have a unit that is 1/100 of their main unit, but if we get rid of the penny, our smalles coin will be 1/20th of a dollar.[/QUOTE]</p><p><br /></p>

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