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(CNN)   U.S mint wants you to have brown nickels to go along with your gold $1 coins   (tech.fortune.cnn.com) divider line 259
    More: Weird, brown nickel, U.S. Mint, Royal Canadian Mint, zinc  
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12580 clicks; posted to Main » on 16 Jan 2014 at 10:27 AM (1 year ago)   |  Favorite    |   share:  Share on Twitter share via Email Share on Facebook   more»



259 Comments   (+0 »)
   
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2014-01-16 09:26:45 AM  
Is America ready for a brown nickel?

America isn't ready for anything.

Can we please just start with that premise and go from there, headline writers?
 
2014-01-16 09:35:19 AM  
Ass... nickels?
 
2014-01-16 10:28:08 AM  
Sure, if you don't mind conservatives calling them socialist.
 
2014-01-16 10:30:32 AM  
Get rid of pennies.
 
2014-01-16 10:31:24 AM  

sigdiamond2000: Can we please just start with that premise and go from there, headline writers?


This is one of those times the government needs to just go with the Fark.com/Jeff response - "you'll get over it."

You don't like switching to metric?  You'll get over it.
 
2014-01-16 10:32:24 AM  

Carn: Get rid of pennies.


And raise the price of everything priced below 5 cents? It's a bit of convenience, but I don't think you've thought this all the way through.
 
2014-01-16 10:32:57 AM  
Wait, I want another shot at this.

sigdiamond2000: Is America ready for a brown nickel?


No but it is ready for a white nickel.
 
2014-01-16 10:33:50 AM  
Get rid of the penny.
Use copper-coated zinc for nickels.
Replace the one-dollar bill with a coin.
 
2014-01-16 10:34:03 AM  
Meh, been done:

www.consumerwarningnetwork.com
 
2014-01-16 10:34:19 AM  

zamboni: Ass... nickels?


Came for this.....leaving constipated.

i.imgur.com
 
2014-01-16 10:34:41 AM  
Why not just cut down on all the needless waste coming from the US Mint.  Make the dime the base coin and print dimes, quarters and dollars on different colored discs. If it isn't the case already, most currency transactions will be performed electronically.
 
2014-01-16 10:35:45 AM  
Meh... just do away with hard currency altogether and go digital.
 
GBB
2014-01-16 10:36:25 AM  
Is this anything like a brown knuckle?
 
2014-01-16 10:37:04 AM  

zamboni: Ass... nickels?


Figured this would be among the first few posts.

Carn: Get rid of pennies.


This.
 
2014-01-16 10:38:22 AM  

EyeballKid: And raise the price of everything priced below 5 cents?


What exactly can you buy for less than 5 cents today?  You can't even get a gumball for that anymore.

EyeballKid: It's a bit of convenience, but I don't think you've thought this all the way through.


The argument against pennies is it actually costs more to mint a penny than it's worth.  Also, I'm sure you meant you think everything would be rounded up to the nearest 5 cents.  I'm sure I don't need to explain to you why things that are $6.99 will not be rounded up to $7.00.  You gotta be careful when you tell someone else "I don't think you've thought this all the way through."
 
2014-01-16 10:39:20 AM  

EyeballKid: Carn: Get rid of pennies.

And raise the price of everything priced below 5 cents? It's a bit of convenience, but I don't think you've thought this all the way through.


What's still priced below 5 cents? Bazooka Joe?
 
2014-01-16 10:40:07 AM  

lennavan: EyeballKid: And raise the price of everything priced below 5 cents?

What exactly can you buy for less than 5 cents today?  You can't even get a gumball for that anymore.

EyeballKid: It's a bit of convenience, but I don't think you've thought this all the way through.

The argument against pennies is it actually costs more to mint a penny than it's worth.  Also, I'm sure you meant you think everything would be rounded up to the nearest 5 cents.  I'm sure I don't need to explain to you why things that are $6.99 will not be rounded up to $7.00.  You gotta be careful when you tell someone else "I don't think you've thought this all the way through."


We no longer have pennies in Canada, they just round everything off to the nearest 5cents if you're paying cash, or pay the regular price if you are paying debit or credit.
 
2014-01-16 10:40:52 AM  

EyeballKid: Carn: Get rid of pennies.

And raise the price of everything priced below 5 cents? It's a bit of convenience, but I don't think you've thought this all the way through.


Yeah that could be a nightmare!!  Imagine if you had something that cost 96 cents and instead you would have to pay a dollar!!

It would bring down the economy!  We would turn into a third world country overnight!
 
2014-01-16 10:41:26 AM  
Who gives a fark what color the nickel is, it certainly isn't made of nickel.
 
2014-01-16 10:42:47 AM  

Carn: Get rid of pennies.


Maybe that would force gas stations to get rid of the fractions?
 
2014-01-16 10:43:19 AM  
When American got rid of the hay penny it was worth about what a nickle is worth today.  Get rid of both of them and the paper dollar.
 
2014-01-16 10:45:18 AM  

EyeballKid: Carn: Get rid of pennies.

And raise the price of everything priced below 5 cents?


I'm okay with that.  I can't actually remember the last time I spent less than 5 cents on something, but I'll go with it.    Lincoln was overrated anyway and he has a spot on the $5 bill too.
 
2014-01-16 10:45:38 AM  

lennavan: What exactly can you buy for less than 5 cents today?


Arkanaut: What's still priced below 5 cents? Bazooka Joe?


crzybtch: Yeah that could be a nightmare!! Imagine if you had something that cost 96 cents and instead you would have to pay a dollar!!


Rounding tax, people. Please consider the effects such a change would bring about over time. It's not immediate, but I think the potential for harm is greater than the potential for good resulting from an elimination of the penny.
 
2014-01-16 10:47:34 AM  

lennavan: sigdiamond2000: Can we please just start with that premise and go from there, headline writers?

This is one of those times the government needs to just go with the Fark.com/Jeff response - "you'll get over it."

You don't like switching to metric?  You'll get over it.


I agree.

Another example is dollar coins.  The problem isn't the coins, it's the fact that they didn't get rid of the dollar bill.  If they did, it would save the government a billion dollars or more, because coins last much longer than banknotes.
 
2014-01-16 10:47:54 AM  
Changing the weight, color or thickness of the coins we touch everyday could jeopardize the American people's confidence in coinage.


Confidence in coinage?  I don't understand this.  Please 'splain.
 
2014-01-16 10:48:57 AM  

Random Anonymous Blackmail: Who gives a fark what color the nickel is, it certainly isn't made of nickel.


25% of a nickel is nickel, currently.  the rest is copper.

An interesting website if you want to know the melt value for various coins.
 
2014-01-16 10:49:20 AM  

EyeballKid: Carn: Get rid of pennies.

And raise the price of everything priced below 5 cents? It's a bit of convenience, but I don't think you've thought this all the way through.


Which would save more:  eliminating pennies, or stop printing $1 bills to force people to use more durable $1 coins? Though interestingly the fed says $1 bills last longer than $5, $10, and $50 bills somehow.  http://www.federalreserve.gov/faqs/how-long-is-the-life-span-of-us-pa p er-money.htm
 
2014-01-16 10:49:30 AM  

crzybtch: Yeah that could be a nightmare!! Imagine if you had something that cost 96 cents and instead you would have to pay a dollar!!


Round to the nearest nickel: You'd only pay $0.95.
 
2014-01-16 10:50:16 AM  

zamboni: Ass... nickels?


Nickelodean my need to change its programming on Nick at Night.

img34.imageshack.us
 
2014-01-16 10:50:49 AM  

mutterfark: Carn: Get rid of pennies.

Maybe that would force gas stations to get rid of the fractions?


I would gladly pay more for gas if there were no fractions.
 
2014-01-16 10:50:54 AM  

lennavan: sigdiamond2000: Can we please just start with that premise and go from there, headline writers?

This is one of those times the government needs to just go with the Fark.com/Jeff response - "you'll get over it."

You don't like switching to metric?  You'll get over it.


What about: "If you like your old nickels you can keep them".
 
2014-01-16 10:51:37 AM  

ToastmasterGeneral: I would gladly pay more for gas if there were no fractions.


Welcome to 'murkah.
 
2014-01-16 10:51:46 AM  

give me doughnuts: crzybtch: Yeah that could be a nightmare!! Imagine if you had something that cost 96 cents and instead you would have to pay a dollar!!

Round to the nearest nickel: You'd only pay $0.95.


We could round to the nearest dime, get rid of the quarter, nickle and penny.  Keep the dollar, half dollar and dime.
 
2014-01-16 10:52:20 AM  

EyeballKid: lennavan: What exactly can you buy for less than 5 cents today?

Arkanaut: What's still priced below 5 cents? Bazooka Joe?

crzybtch: Yeah that could be a nightmare!! Imagine if you had something that cost 96 cents and instead you would have to pay a dollar!!

Rounding tax, people. Please consider the effects such a change would bring about over time. It's not immediate, but I think the potential for harm is greater than the potential for good resulting from an elimination of the penny.


You can round both up and down, you know.
 
2014-01-16 10:53:03 AM  

EyeballKid: Carn: Get rid of pennies.

And raise the price of everything priced below 5 cents? It's a bit of convenience, but I don't think you've thought this all the way through.


Rounding will save us, worry ye not.  You're aware that gas stations charge fractions of a penny, right?  Do you cut up your pennies when you pay your bill or have you figured out some sort of barter system to work that out with them?

Oh you mean it's no big deal?  Ah, right then.
 
2014-01-16 10:53:16 AM  

EyeballKid: Carn: Get rid of pennies.

And raise the price of everything priced below 5 cents? It's a bit of convenience, but I don't think you've thought this all the way through.


You dont have the change the freaking price of ANYTHING - leave them as they are.

You go to the store and buy 20 or 30 things - they add up the price THEN round to the nearest 5 cents.  You are out (AT MOST) 2 cents.  40% of the time you'd actually save 2 cents.  Over the course of a year you'd break even.


And, as others have pointed out, we need just a bit more of "This IS the right thing to do so get over it"
 
2014-01-16 10:53:26 AM  

EvilEgg: When American got rid of the hay penny it was worth about what a nickle is worth today.  Get rid of both of them and the paper dollar.


Actually, the penny was 95% copper from 1909 up to 1982.  The melt value of that coin is about 2.2 cents.  It got up to about 3.5 cents when copper prices were surging.

/assuming you mean the wheatback penny which was in circulation from 1909 to 1958.
 
2014-01-16 10:54:19 AM  

HeadLever: EvilEgg: When American got rid of the hay penny it was worth about what a nickle is worth today.  Get rid of both of them and the paper dollar.

Actually, the penny was 95% copper from 1909 up to 1982.  The melt value of that coin is about 2.2 cents.  It got up to about 3.5 cents when copper prices were surging.

/assuming you mean the wheatback penny which was in circulation from 1909 to 1958.


Actually I meant the half-penny, which left circulation in 1857
 
2014-01-16 10:54:36 AM  

lennavan: EyeballKid: And raise the price of everything priced below 5 cents?

What exactly can you buy for less than 5 cents today?  You can't even get a gumball for that anymore.

EyeballKid: It's a bit of convenience, but I don't think you've thought this all the way through.

The argument against pennies is it actually costs more to mint a penny than it's worth.  Also, I'm sure you meant you think everything would be rounded up to the nearest 5 cents.  I'm sure I don't need to explain to you why things that are $6.99 will not be rounded up to $7.00.  You gotta be careful when you tell someone else "I don't think you've thought this all the way through."



if this were an all cash society all things $6.99 would if there were no pennies, be priced at $6.95.   the one penny less than a whole dollar is a Marketing trick that suckers people into believing they are getting a bargin.  much the same as gas is priced with a 9/10ths of a cent, to get you to think it is a bargin.
I lived in Japan back in the 80's.  No one but US banks on base used 1 or 5 yen coins, and everything was priced at Y190,  Y2290,  and so forth.  because  290 is less than 300 and thus must be a bargin.   The only States that would have a problem with this are those with Sales Taxes, but if these states would impliment uniform sales tax rates and rules for their state it would largely be a non issue.
 
2014-01-16 10:54:42 AM  
It would upset a Boomer's obsolete idea of the way things ought to be, therefore America is not ready for it.
 
2014-01-16 10:55:16 AM  
FTA: "There is no way anyone would ever think this is a real, I keep thinking."

laughingsquid.com

What a "real" may look like
 
2014-01-16 10:55:19 AM  
We still have penny candy in Vermont
 
2014-01-16 10:55:39 AM  

ToastmasterGeneral: I would gladly pay more for gas if there were no fractions.


Why?  You don't have to calculate the price yourself. Or are you just happy to pay more?
 
2014-01-16 10:55:42 AM  

EvilEgg: When American got rid of the hay penny it was worth about what a nickle is worth today.  Get rid of both of them and the paper dollar.


Actually it's worse than that.  The hay penny had about as much buying power as today's dime.
 
2014-01-16 10:56:13 AM  

EyeballKid: lennavan: What exactly can you buy for less than 5 cents today?

Arkanaut: What's still priced below 5 cents? Bazooka Joe?

crzybtch: Yeah that could be a nightmare!! Imagine if you had something that cost 96 cents and instead you would have to pay a dollar!!

Rounding tax, people. Please consider the effects such a change would bring about over time. It's not immediate, but I think the potential for harm is greater than the potential for good resulting from an elimination of the penny.


By the same logic you should be lobbying for half pennies to be introduced.
 
2014-01-16 10:56:47 AM  
Speaking of America and ass pennies/nickels, I consider it one of the great failures of this nation that Season 3 of Upright Citizens Brigade has never been released on DVD.
 
2014-01-16 10:56:59 AM  

Carn: Get rid of pennies.


And nickels
 
2014-01-16 10:57:45 AM  
Fun fact: there are roughly 100 billion pennies in circulation. They wouldn't magically cease to exist like prostitutes or marijuana.

/damned Zinc lobby
//yes a zinc lobby exists
 
2014-01-16 10:58:17 AM  
Here's an idea:

Drop pennies and nickels altogether, as well as dollar bills.  Ramp up production of fifty-cent pieces and dollar coins.  Done and done.
 
2014-01-16 10:58:19 AM  

GBB: Is this anything like a brown knuckle?


More like a blumpkin maybe...


Also


In 2013, the Mint lost  $105 million just producing those two coins.


Losing money making money! AMERICA!! fark YEAH!!!!
 
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