Comments on: Pennies And Nickels Worth More Melted Down http://donklephant.com/2006/12/15/pennies-and-nickels-worth-more-melted-down/ Big Teeth. Huge Ass. Surprisingly Reasonable. Fri, 19 Mar 2010 14:16:39 +0000 http://wordpress.org/?v=2.9 hourly 1 By: Vicki Frei http://donklephant.com/2006/12/15/pennies-and-nickels-worth-more-melted-down/comment-page-1/#comment-161250 Vicki Frei Mon, 18 Dec 2006 01:10:27 +0000 http://donklephant.com/2006/12/15/pennies-and-nickels-worth-more-melted-down/#comment-161250 Well, I'd opt for getting rid of the suckers. I really don't have any use for change.... Of course, I don't have any use for paper either. I carry plastic, which is better than money since I pay it off every month and get varying amounts from 2% to 5% back on it all.... Well, I’d opt for getting rid of the suckers. I really don’t have any use for change….

Of course, I don’t have any use for paper either. I carry plastic, which is better than money since I pay it off every month and get varying amounts from 2% to 5% back on it all….

]]> By: Gay Orbit » Pennies and Nickels™ http://donklephant.com/2006/12/15/pennies-and-nickels-worth-more-melted-down/comment-page-1/#comment-161226 Gay Orbit » Pennies and Nickels™ Sun, 17 Dec 2006 23:03:06 +0000 http://donklephant.com/2006/12/15/pennies-and-nickels-worth-more-melted-down/#comment-161226 [...] Apparently, a pretty good investment. Start saving now, and buy yourself a smelter. Oh, and don’t get caught. [...] [...] Apparently, a pretty good investment. Start saving now, and buy yourself a smelter. Oh, and don’t get caught. [...]

]]> By: sleipner http://donklephant.com/2006/12/15/pennies-and-nickels-worth-more-melted-down/comment-page-1/#comment-156802 sleipner Sun, 17 Dec 2006 03:42:37 +0000 http://donklephant.com/2006/12/15/pennies-and-nickels-worth-more-melted-down/#comment-156802 To me, this indicates a need to reformulate US currency policy - why are we making pennies and nickels out of materials that are too expensive? Surely there are other alternatives... One such alternative is to remove the penny from circulation entirely, which I know has been talked about for ages, rounding up or down as needed. In doing so, it would make sense to rethink the nickel as well, and perhaps make it smaller than the dime...I know I hate having nickels weighing my pocket down almost as much as quarters... In fact, the only reason the dime is smaller than the nickel is because before 1965 it used to be made out of silver, which was (and is) far more valuable than nickel. Since then, their materials are far more similar, so it doesn't make sense for the nickel to be bigger than the dime. Incidentally, that's why you rarely see any dimes or quarters from before 1965, because when the silver market exploded a few decades back everyone was melting them down for the silver content. (I used to collect coins) To me, this indicates a need to reformulate US currency policy – why are we making pennies and nickels out of materials that are too expensive? Surely there are other alternatives…

One such alternative is to remove the penny from circulation entirely, which I know has been talked about for ages, rounding up or down as needed. In doing so, it would make sense to rethink the nickel as well, and perhaps make it smaller than the dime…I know I hate having nickels weighing my pocket down almost as much as quarters…

In fact, the only reason the dime is smaller than the nickel is because before 1965 it used to be made out of silver, which was (and is) far more valuable than nickel. Since then, their materials are far more similar, so it doesn’t make sense for the nickel to be bigger than the dime. Incidentally, that’s why you rarely see any dimes or quarters from before 1965, because when the silver market exploded a few decades back everyone was melting them down for the silver content. (I used to collect coins)

]]> By: Bob J Young http://donklephant.com/2006/12/15/pennies-and-nickels-worth-more-melted-down/comment-page-1/#comment-155542 Bob J Young Sat, 16 Dec 2006 21:40:18 +0000 http://donklephant.com/2006/12/15/pennies-and-nickels-worth-more-melted-down/#comment-155542 While on the surface this is an absurd situation. It is actually indicative of a much bigger problem, finite resources. Everyone on the planet wants to live the American life style. Here is an article from the Asia Times on the subject. http://www.atimes.com/atimes/Global_Economy/HL07Dj03.html Another interesting point is that apparently world crude production peaked in December of 2005, yet the MSM is pretty much silent on that fact. http://www.theoildrum.com/story/2006/11/30/8324/0934 While on the surface this is an absurd situation. It is actually indicative of a much bigger problem, finite resources. Everyone on the planet wants to live the American life style.

Here is an article from the Asia Times on the subject.
http://www.atimes.com/atimes/Global_Economy/HL07Dj03.html

Another interesting point is that apparently world crude production peaked in December of 2005, yet the MSM is pretty much silent on that fact.

http://www.theoildrum.com/story/2006/11/30/8324/0934

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