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<p>[QUOTE="Michael K, post: 8264674, member: 78298"]Remember the Barney Miller episode where Harris is looking for an investment, and they arrested a guy who says he is from the future. He tells Harris to forget gold and silver and to buy zinc. He calls his broker for a quote and after he tells him the price he says "Per pound?" Yeah well I might be interested in a couple of tons.</p><p>While we don't "need" the nickel at all, if you were to eliminate cents,</p><p>(you would still have plenty of cents and nickels in circulation), you could</p><p>feasibly change the content of the nickel, to make it 1 cent or so to produce.</p><p>People always say OMG it cost 7 cents or 8 cents to produce a nickel! But that 1 nickel is used thousands of times in transactions in it's lifetime. I don't think the cost compared to the face value is an accurate assessment.</p><p>And after the metal content, you would have to factor in salaries of mint workers, machines, maintenance, utilities, etc. which would drive the price of the manufacture of every single coin much higher than just the metal content.[/QUOTE]</p><p><br /></p>
[QUOTE="Michael K, post: 8264674, member: 78298"]Remember the Barney Miller episode where Harris is looking for an investment, and they arrested a guy who says he is from the future. He tells Harris to forget gold and silver and to buy zinc. He calls his broker for a quote and after he tells him the price he says "Per pound?" Yeah well I might be interested in a couple of tons. While we don't "need" the nickel at all, if you were to eliminate cents, (you would still have plenty of cents and nickels in circulation), you could feasibly change the content of the nickel, to make it 1 cent or so to produce. People always say OMG it cost 7 cents or 8 cents to produce a nickel! But that 1 nickel is used thousands of times in transactions in it's lifetime. I don't think the cost compared to the face value is an accurate assessment. And after the metal content, you would have to factor in salaries of mint workers, machines, maintenance, utilities, etc. which would drive the price of the manufacture of every single coin much higher than just the metal content.[/QUOTE]
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