Comments on: The Penny is Worthless http://ecoscraps.com/2008/04/30/the-penny-is-worthless/ A Scrapbook of the Green World Wed, 30 Mar 2011 10:57:45 +0000 hourly 1 http://wordpress.org/?v=3.3.1 By: Uncle B http://ecoscraps.com/2008/04/30/the-penny-is-worthless/comment-page-1/#comment-12868 Uncle B Tue, 16 Dec 2008 17:23:08 +0000 http://ecoscraps.com/2008/04/30/the-penny-is-worthless/#comment-12868 What are they making the Amero out of? is it smeltable for value? How about the Euro? The paper dollar certainly has lost value, how low can it go? I use plastic money and expect that before too long everyone will. Canada has a huge gold colored dollar coin, nice looking but put a hundred dollars in your pockets and you will find your pants on the floor! Gimme plastic, and free monthly accounting any time! What are they making the Amero out of? is it smeltable for value? How about the Euro? The paper dollar certainly has lost value, how low can it go? I use plastic money and expect that before too long everyone will. Canada has a huge gold colored dollar coin, nice looking but put a hundred dollars in your pockets and you will find your pants on the floor! Gimme plastic, and free monthly accounting any time!

]]> By: Uncle B http://ecoscraps.com/2008/04/30/the-penny-is-worthless/comment-page-1/#comment-70357 Uncle B Tue, 16 Dec 2008 17:23:00 +0000 http://ecoscraps.com/2008/04/30/the-penny-is-worthless/#comment-70357 What are they making the Amero out of? is it smeltable for value? How about the Euro? The paper dollar certainly has lost value, how low can it go? I use plastic money and expect that before too long everyone will. Canada has a huge gold colored dollar coin, nice looking but put a hundred dollars in your pockets and you will find your pants on the floor! Gimme plastic, and free monthly accounting any time! What are they making the Amero out of? is it smeltable for value? How about the Euro? The paper dollar certainly has lost value, how low can it go? I use plastic money and expect that before too long everyone will. Canada has a huge gold colored dollar coin, nice looking but put a hundred dollars in your pockets and you will find your pants on the floor! Gimme plastic, and free monthly accounting any time!

]]> By: Jennifer Lance http://ecoscraps.com/2008/04/30/the-penny-is-worthless/comment-page-1/#comment-1808 Jennifer Lance Thu, 01 May 2008 03:59:58 +0000 http://ecoscraps.com/2008/04/30/the-penny-is-worthless/#comment-1808 My info came from Eco Geek. Where did you get your numbers Chris? Here are some quotes from CNN: "average price for zinc has shot up from 35 cents a pound in 2002 to 63 cents a pound in 2005 -- driven in large part by increased demand from China." "Over half of the U.S. Mint's coin production comes in the form of pennies, which are made of 97.5 percent zinc." "The cost of producing the coin has risen from .97 cent per penny in 2005 to 1.4 cent per penny. At that rate, the Mint would spend some $44 million producing pennies this year, nearly $14 million more than in 2005." Thus the amount includes raw materials and production costs in 2005 dollars. http://money.cnn.com/2006/06/01/news/newsmakers/penny/index.htm My info came from Eco Geek. Where did you get your numbers Chris? Here are some quotes from CNN:
“average price for zinc has shot up from 35 cents a pound in 2002 to 63 cents a pound in 2005 — driven in large part by increased demand from China.”
“Over half of the U.S. Mint’s coin production comes in the form of pennies, which are made of 97.5 percent zinc.”
“The cost of producing the coin has risen from .97 cent per penny in 2005 to 1.4 cent per penny. At that rate, the Mint would spend some $44 million producing pennies this year, nearly $14 million more than in 2005.”

Thus the amount includes raw materials and production costs in 2005 dollars.

http://money.cnn.com/2006/06/01/news/newsmakers/penny/index.htm

]]> By: Jennifer Lance http://ecoscraps.com/2008/04/30/the-penny-is-worthless/comment-page-1/#comment-70356 Jennifer Lance Thu, 01 May 2008 03:59:00 +0000 http://ecoscraps.com/2008/04/30/the-penny-is-worthless/#comment-70356 My info came from Eco Geek. Where did you get your numbers Chris? Here are some quotes from CNN: "average price for zinc has shot up from 35 cents a pound in 2002 to 63 cents a pound in 2005 -- driven in large part by increased demand from China." "Over half of the U.S. Mint's coin production comes in the form of pennies, which are made of 97.5 percent zinc." "The cost of producing the coin has risen from .97 cent per penny in 2005 to 1.4 cent per penny. At that rate, the Mint would spend some $44 million producing pennies this year, nearly $14 million more than in 2005." Thus the amount includes raw materials and production costs in 2005 dollars. http://money.cnn.com/2006/06/01/news/newsmakers/penny/index.htm My info came from Eco Geek. Where did you get your numbers Chris? Here are some quotes from CNN:
“average price for zinc has shot up from 35 cents a pound in 2002 to 63 cents a pound in 2005 — driven in large part by increased demand from China.”
“Over half of the U.S. Mint’s coin production comes in the form of pennies, which are made of 97.5 percent zinc.”
“The cost of producing the coin has risen from .97 cent per penny in 2005 to 1.4 cent per penny. At that rate, the Mint would spend some $44 million producing pennies this year, nearly $14 million more than in 2005.”

Thus the amount includes raw materials and production costs in 2005 dollars.

http://money.cnn.com/2006/06/01/news/newsmakers/penny/index.htm

]]> By: ChrisLiberty http://ecoscraps.com/2008/04/30/the-penny-is-worthless/comment-page-1/#comment-1805 ChrisLiberty Wed, 30 Apr 2008 21:50:05 +0000 http://ecoscraps.com/2008/04/30/the-penny-is-worthless/#comment-1805 There's only about $0.59 melt value for $1.00 worth of Zincolns. Does the $1.40 figure that you stated include the mining and minting costs? There’s only about $0.59 melt value for $1.00 worth of Zincolns. Does the $1.40 figure that you stated include the mining and minting costs?

]]> By: ChrisLiberty http://ecoscraps.com/2008/04/30/the-penny-is-worthless/comment-page-1/#comment-70355 ChrisLiberty Wed, 30 Apr 2008 21:50:00 +0000 http://ecoscraps.com/2008/04/30/the-penny-is-worthless/#comment-70355 There's only about $0.59 melt value for $1.00 worth of Zincolns. Does the $1.40 figure that you stated include the mining and minting costs? There’s only about $0.59 melt value for $1.00 worth of Zincolns. Does the $1.40 figure that you stated include the mining and minting costs?

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