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What Happens When Pennies and Nickels Become Too Expensive?


Feb 21, 2013 ... In a classic example of stepping over dollars to pick up pennies... ... What Happens When Pennies and Nickels Become Too Expensive?

Pennies And Nickels: More Expensive To Mint Than To Use | Mises ...


Jan 20, 2016 ... It's not breaking news, but the cost of producing pennies and nickels is still ... This has been an issue for the past decade, with no progress being made. ... laws, the temptation to debase that money is too great to withstand.

Easy to Lose and Expensive to Produce: Is the Penny Worth It? - WSJ


Sep 19, 2014 ... Adding to the expense is the fact that pennies—like nickels—cost more than their face value ... Canada decided to get rid of its penny in 2012.

The small fortune hiding in your loose change - ConsumerAffairs.com


Aug 14, 2014 ... Your nickels and old pennies might be too valuable to spend ... whichever you prefer) eventually made silver too expensive to use as everyday ...

The US Is Bleeding Money Producing Pennies And Nickels That ...


Feb 1, 2010 ... The U.S. has a currency problem. No, not just the dollar, or even the staggering debt and deficit, but another one: It loses money making ...

The U.S. Mint's Production Materials Problem: Nickels Cost 11 Cents ...


Mar 13, 2013 ... Let's make pennies and nickels smaller, so that they use less materials and cost less. ... grows even the resources to create paper bills will become more expensive. ... What happens if all the money goes digital? ... is... and maybe changing our mind set about money in a way that changes our societies too?

Effects of Price Rounding on the Economy


Eliminating the penny would impose a significant and regressive rounding ... to change anything that has become embroidered into the fabric of society. ... Proposals to eliminate the penny and move to the nickel as the lowest .... A collapse in metals prices means U.S. coins, including the penny, are less expensive to make.

Death of the Penny - US Mint to Cease Penny Production in 2017


On average, pennies cost 1.4 cents to make, making penny production a ... What will happen to all the pennies? ... the US Mint recommends that stores round up or down to the nearest nickel. ... 6 Easy Ways To Get Out Of Debt .... The Dutch did away with their penny 35 years ago for the same rason, too expensive to make.

The Penny Will Not Be Eliminated ... At Least Until 2015 | The ...


Mar 14, 2014 ... The penny cost 1.8 cents to mint; the nickel cost 9.4 cents. And yet ... isn't entirely convinced that the coins will be as expensive to make in the future. ... But Congress still has a say in what happens to the penny. ... Money Penny Argument Pennies US Currency Get Rid Of The Penny Nickels Jarden Corp.

Mass Inflation Ahead — Save Your Nickels! – SurvivalBlog.com


Feb 27, 2015 ... In particular, it would be great to go back and get a huge pile of rolls of ... It is still a 5 gram coin that is an alloy of 75% copper and 25% nickel. ... When this happens, it is one of those embarrassing “emperor's new clothes” moments. ... greatest extent practical of elements that are not as expensive as nicke...

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Pennies and nickels cost more to make than they're ... - CNN Money


Jan 11, 2016 ... The U.S. Mint spends more to make pennies and nickels than the coins ... But the U.S. Mint has decided a steel quarter would be too easy to ...

Should We Get Rid of the Penny? - 8 Reasons to Keep It vs Eliminate It


There are precedents for getting rid of coins that are too small to use. .... Second, once pennies drop out of circulation, the nickel will become the ... It's possible that what happens to the penny could end up depending not on the law, but on .... $1 bills, but retrofitting machines to take dollar coins would be very expensive.

How to Make the Penny Worth 1 Cent Again - Live Science


Feb 16, 2012 ... The penny currently costs 2.4 cents and the nickel, 11.2 cents, to produce. ... the penny altogether, and giving a long hard look at the nickel, too. ... ways of making pennies and nickels from less expensive materials, which he ... accept a lightweight penny that is easily exposed as being made of plastic.".