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-   -   Time to kill off the penny? (http://www.idnforums.com/forums/5180-time-to-kill-off-the-penny.html)

thegenius1 18th July 2006 06:10 AM

Time to kill off the penny?
 
I thought this was pretty interesting.

In May, the U.S. Mint informed Congress that the cost of making a penny and a nickel will soon exceed the actual value of each coin. Thanks to the high cost of materials that go into the making of the coins -- zinc, copper and nickel -- the Mint estimates that by the end of the fiscal year, the cost of producing one penny will come to around 1.23 cents, and the cost of making a nickel will be 5.73 cents.

http://articles.moneycentral.msn.com....aspx?GT1=8376

networker 18th July 2006 06:36 AM

Re: Time to kill off the penny?
 
You can't get anything for a penny anyhow. :p

burnsinternet 18th July 2006 06:38 AM

Re: Time to kill off the penny?
 
Maybe I should drop 1¢.com? You'd be surprised at the amount of ads for the keyword 'penny' though.

blastfromthepast 18th July 2006 06:58 AM

Re: Time to kill off the penny?
 
25¢.com
75¢.com

here

burnsinternet 18th July 2006 07:17 AM

Re: Time to kill off the penny?
 
Well, for me, 1¢.com has not made 1¢ (red or otherwise) but I like it anyway. Silly.

blastfromthepast 18th July 2006 07:50 AM

Re: Time to kill off the penny?
 
Quote:

Originally Posted by burnsinternet
Well, for me, 1¢.com has not made 1¢ (red or otherwise) but I like it anyway. Silly.

50¢.com was sold on afternic about 5 months ago for $500.


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