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Should the US Change Metal Coins? (networkworld.com)

Posted by samzenpus on from the changing-the-recipe dept.

coondoggie writes: It may be time for the United States to rethink how the smallest parts of its monetary system — the penny, nickel and dime – are made. According to a report this week from watchdogs at the Government Accountability Office, since 2006 the prices of metals used in coins have risen so much that the total production unit costs of the penny and nickel exceed their face value resulting in financial losses to the U.S. Mint.

3 of 702 comments (clear)

  1. Re:Penny by Anonymous Coward · · Score: 5, Funny

    The US is a leader, not a follower, therefore it won't get rid of the penny like Canada did in 2013, no matter how good the idea is.

  2. Re:Penny by Ramze · · Score: 5, Funny

    Sorry... rational solutions to problems isn't our thing in the USA. I mean... first we'd stop making and circulating the penny, then we'd legalize medical marijuana, switch to the metric system, and finally embrace universal healthcare. That's just crazy talk!

  3. Re:Penny by wonkey_monkey · · Score: 5, Funny

    Give it time. It's only Tuesday.

    --
    systemd is Roko's Basilisk.