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Jonathan Townsend Eternal Order Ossining, NY 27300 Posts |
This just in from Yahoo-AP wire
link: http://news.yahoo.com/s/nm/20070122/us_n......age_dc_1 "The best solution, Velde said, would be to "rebase" the penny by making it worth five cents rather than one cent. Doing so would increase the amount of five-cent coins in circulation and do away with the almost worthless one cent coin. "History shows that when coins are worth melting, they disappear," Velde wrote. "Rebasing the penny would ... debase the five-cent piece and put it safely away from its melting point," he added. and with that, quarters become dimes or half dollars, and silver dollars become ???
...to all the coins I've dropped here
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Curtis Kam V.I.P. same as you, plus 3 and enough to make 3498 Posts |
So now I get it--that's why there's a stack of pennies left behind when the quarters go through someone's hand. It's Freakonomics!
Is THAT a PALMS OF STEEL 5 Banner I see? YARRRRGH! Please visit The Magic Bakery
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emore norman New user 5 Posts |
I feel pennies are a curse. If there was no $5.21 or $19.99, we could all turn in our cans of pennies at convenient drop-offs. Although I do use a penny in one of my routines.
on another note, I wish they would bring back the one-dollar bill. There is one money trick I love(the torn/restored bill), and doing it with a five always hurts a little |
Daegs Inner circle USA 4291 Posts |
Quote:
If there was no $5.21 or $19.99, we could all turn in our cans of pennies at convenient drop-offs. Ah, but your forgetting that the reason there is $5.21 and $19.99 is because of taxes... The state is going to get their 7.125% or whatever cut, and without pennies they are going to round up... doesn't seem like much, but it adds up. |
Fingers Inner circle Pennsylvania, USA 1330 Posts |
WOW, I think I am rich! I have a lot of pennies and if they are worth 5 times more, WOW.....!
Where I go, so do my coins.....
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