Penny costs 1.4 cents

Discussion in 'General Discussion' started by Omnibus Prime, Apr 22, 2006.

  1. Omnibus Prime

    Omnibus Prime I'm too old for this shit TFW2005 Supporter

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    :sly:  :redface2: 

    NYT article by way of LADN

     
  2. Master Megatron

    Master Megatron Action Bastard

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    I don't get it, but it doesn't sound good...
     
  3. toma

    toma eskimo in disguise

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    they could just use the same metal that canadian pennies have been using for the past few years. sometimes these things change.
     
  4. Greyryder

    Greyryder Kitbashed

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    They'll probably just switch to a cheaper metal.

    I've got an old steel penny around here, somewhere. I put it, and an old Indian head neckel someplace where I'd be able to find them again, and promptly forgot where I put them. :banghead: 
     
  5. Omnibus Prime

    Omnibus Prime I'm too old for this shit TFW2005 Supporter

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    I used to collect pennies and, as alluded to in the article, there's seven distinct pennies from 1982. They switched from like 97% copper to 97% zinc with a copper coating.
    There were large and small date versions from both mints pre and post metal-content change. Theoretically there should have been eight, but one of the combos wasn't made.
    The amount of copper is still negligible, now it's the zinc that's suddenly making them not cost-effective. I'd imagine if it doesn't go back down, they'll just revamp the content again with some cheaper metal.
     
  6. DrSpengler

    DrSpengler The Real Ghostbuster

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    Ooh, a pun!
     
  7. Gigatron_2005

    Gigatron_2005 President of Calendars

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    Bring back the steel penny!
     
  8. 03Mach1

    03Mach1 Reason Has No Voice

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    Coins are going the way of the dodo.
     
  9. DrSpengler

    DrSpengler The Real Ghostbuster

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    I love using coins.

    Paying with them makes me feel old timey or like I'm in a fantasy epic. Especially the golden dollars.
     
  10. Star Sabre James

    Star Sabre James <b>The JUICE</b> TFW2005 Supporter

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    With the cost of steel I doubt the government would go with it. I would guess that they would go with aluminum, coated with copper.
     
  11. flamepanther

    flamepanther Interested, but not really

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    They should make vacuum-chromed plastic pennies ;) 


    This raises a different issue for me. Zinc prices are tripling, and NOW Hasbro and Takara are making Transformers with metal again? Talk about bad timing.
     
  12. KA

    KA PENIS GOES WHERE?!!

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    i knew that li'l ho from inspector gadget was cheap, but thats dirt cheap.
     
  13. Wreckgar

    Wreckgar Anthony Stark Veteran

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    What I don't get is, where are all these blasted pennies going? Are we really destroying that many on train tracks?
     
  14. Kupp

    Kupp Ford Fanboy TFW2005 Supporter

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    people throw them out, vacuum them up, or just throw them in jars as the article said.

    Spoiler
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    Pennies actually cost much more to produce, but that is because they are actually transforming robot coins, that interface with previously implanted chips in all americans. The Robots Transmit data collected on what you do daily to a central processor. The Coins deconstruct themselves atomicly for energy leaving no remains, thus where the pennies are going. Now that you have read this you will be struck deaf, dumb, and blind in 13.65 seconds as safety features kick in to prevent the secret from being revealed.
     
  15. llamatron

    llamatron Shut up, Nigel. TFW2005 Supporter

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    Just do what we did - get rid of 1 and 2 cent pieces. 5 Cent piece is the smallest we gots now.
     
  16. Aaron

    Aaron Master of Crystalocution Moderator Content Contributor

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    I'm all for eliminating the penny. I know I've got a jar full of them. It's hardly worth it to keep them around, or even cash them in...
     
  17. ambushbug74

    ambushbug74 Stroke me, Stroke me! TFW2005 Supporter

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    Time to hit up the "take a penny, Leave a penny" tray at 7-11. The only reason we still have pennies, is that is how the government gets all it's DNA records. If you've handled a penny, they got your DNA, the Simpsons taught me that.
     
  18. Kupp

    Kupp Ford Fanboy TFW2005 Supporter

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    My local bank just got one of those coin sorter machines. You just dump change in and they give you the cash for free if you have an account with them. But with gas prices, it is still barely worth it to drive there if all you have is pennies.
     
  19. Omega Supreme-1

    Omega Supreme-1 Autobot Sentinel

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    Well for those who are curious about what this means here's a simple example:

    50 pennies no longer equals 50 cents
    50 pennies times 1.4 equals 70 cents
    100 pennies would equal a 1.40 cents

    Do you see the problem here? It makes me wonder if prices will adapt to this new announcement and items will no longer be at .99 or .98
     
  20. RabidYak

    RabidYak Go Ninja Go Ninja Go

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    On the bright side, another .3 and your pennies will finally be worth as much as ours.
     

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