ST Alpha - "Jack - from B2 - part of the reason for our change was economic in the first place." (Reading a Post)

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Jack - from B2 - part of the reason for our change was economic in the first place.

Posted by Andie Jun 18 '15, 08:56

Bills wear out, coins basically never do. By taking one and two dollar bills out of circulation, the government saves money going forward (like the penny).

Responses:

Some insane number of US cents enter circulation only to "disappear". - TWuG Jun 18, 09:00 3
- [deleted] 2
  - Sure, but is that is a penny of "profit" on something ghat cists 2 pennies to make. And they make a billion of them a year -- nm - TWuG Jun 18, 09:02 1
    - Stupid fat fingers. Strike the first "is". -- nm - TWuG Jun 18, 09:03
[deleted] 6
- It's not. The paper that we use is so durable that the difference in the cost of mintage outweighs the extended lifespan. - spamlet Jun 18, 09:20 1
  - (and I'm pro $1 coin) -- nm - spamlet Jun 18, 09:21
- There are the same issues - a coin is 6-7 x more expensive than a bill to produce, but it's cheaper than the 15 or so bills it outlasts - Roger More Jun 18, 09:11
- Pennies an nickels are more valuable as metal than as coinage. - TWuG Jun 18, 09:01 2
  - [deleted] 1
    - Kill the penny and then rework the content of the nickel to make it cheaper. - TWuG Jun 18, 09:08
plus it costs almost 2 cents to make 1 penny....(and it is still there for electronic purchases, just gone for cash ones) -- nm - Beaker Jun 18, 08:58 6
- [deleted] 5
  - only more polite -- nm - Beaker Jun 18, 08:59 3
    - [deleted]
    - but more smug. -- nm - Andie Jun 18, 09:00 1
      - (that just cause we "know" we are right) -- (edited) - Beaker Jun 18, 09:00
  - heh -- nm - Andie Jun 18, 08:59

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Jack - from B2 - part of the reason for our change was economic in the first place.

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