Getting rid of ol' Abe?? - Dallas Dance Music - Dallas nightlife, music, tickets, and more

Jimmy Hoffa · 11-17-08, 05:53 PM

Some old man was saying something about one of the first bill to go to Congress is one having to do with getting rid of the penny and only having every total of denomination end in either 5 or 0. Can anyone confirm this?

david austin · 11-17-08, 05:55 PM

good

pennies are dumb

Jimmy Hoffa · 11-17-08, 06:20 PM

when you see people drop a penny and just leave it, then you know theres a problem with it's value. I just want to know if this is accurate info.

jaesun · 11-17-08, 06:22 PM

So if its true will sales tax go up to 0.10 or go down to 0.05 from 0.0825?

J. Fees · 11-17-08, 06:22 PM

hes still on the 5$ don't worry.

david austin · 11-17-08, 06:23 PM

its been kicked around for awhile actually. i dont know if theres ever been (or will be in this next term) a full blown drafted bill but the topic of penny coin usage comes up every few years

OHMEGA · 11-17-08, 06:35 PM

it's more valuable to melt them down.

Jimmy Hoffa · 11-17-08, 06:47 PM

Quote:

Originally Posted by jaesun

So if its true will sales tax go up to 0.10 or go down to 0.05 from 0.0825?

thats something else he was saying about it.

johnny861 · 11-17-08, 06:47 PM

Quote:

Originally Posted by Jean-Luc Dickhard

it's more valuable to melt them down.

yea, it's sad when your "copper" pennies are electroplated.
I suppose that can be said with the others as well...

C-fer · 11-18-08, 03:55 PM

Quote:

Originally Posted by Jean-Luc Dickhard

it's more valuable to melt them down.

That's debatable.
Some mintage's have a copper percentage that makes the metal content > $.01. Doesn't necessarily make it cost-effective to melt them down. Unless done on a mass scale.
Not sure about newer pennies with only 2.5% copper makeup.

Edit: Just checked wikipedia, and it probably doesn't have to be that mass of a scale to profit from melting them down as pre-1982 pennies are worth about $.025 (metal value).

PETA · 11-18-08, 04:18 PM

kinda depends on the value of zinc doesn't it?

I mean they're copper colored but they're made, essentially, of zinc

C-fer · 11-18-08, 04:46 PM

Quote:

Originally Posted by St. Stalin the Apathetic

kinda depends on the value of zinc doesn't it?

I mean they're copper colored but they're made, essentially, of zinc

At ~ $.50 a pound for zinc I think we'll be alright for a while.

johnny861 · 11-19-08, 01:11 AM

Quote:

Originally Posted by St. Stalin the Apathetic

kinda depends on the value of zinc doesn't it?

I mean they're copper colored but they're made, essentially, of zinc

Copper electroplated zinc. 97.5% zinc and 2.5% copper composition.

11-17-08, 05:53 PM	#1 (permalink)
Jimmy Hoffa Join Date: Oct 2008 Location: only the mob knows Posts: 1,673	Getting rid of ol' Abe?? Some old man was saying something about one of the first bill to go to Congress is one having to do with getting rid of the penny and only having every total of denomination end in either 5 or 0. Can anyone confirm this? __________________ sedit qui timuit ne non succederet www.myspace.com/djnunie

11-17-08, 05:55 PM	#2 (permalink)
david austin Join Date: Nov 2004 Location: Dallas Posts: 8,643	good pennies are dumb __________________ -273 = absolute zero. You can only go up from there.

11-17-08, 06:20 PM	#3 (permalink)
Jimmy Hoffa Join Date: Oct 2008 Location: only the mob knows Posts: 1,673	when you see people drop a penny and just leave it, then you know theres a problem with it's value. I just want to know if this is accurate info. __________________ sedit qui timuit ne non succederet www.myspace.com/djnunie

11-17-08, 06:22 PM	#4 (permalink)
jaesun Trust but verify. Join Date: Feb 2002 Location: DFW Posts: 3,524	So if its true will sales tax go up to 0.10 or go down to 0.05 from 0.0825? __________________ jæsun 4a e6 73 75 6e "Freedom is never more than one generation away from extinction. We didn't pass it to our children in the bloodstream. It must be fought for, protected, and handed on for them to do the same, or one day we will spend our sunset years telling our children and our children's children what it was once like in the United States where men were free."

11-17-08, 06:22 PM	#5 (permalink)
J. Fees R.I.P. Pimp C Join Date: Nov 2003 Location: Cross from Zippers Posts: 14,903	hes still on the 5$ don't worry. __________________ i'm zone blazed brah. http://soundcloud.com/feezy33

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11-17-08, 06:23 PM	#6 (permalink)
david austin Join Date: Nov 2004 Location: Dallas Posts: 8,643	its been kicked around for awhile actually. i dont know if theres ever been (or will be in this next term) a full blown drafted bill but the topic of penny coin usage comes up every few years __________________ -273 = absolute zero. You can only go up from there.

11-17-08, 06:35 PM	#7 (permalink)
OHMEGA Join Date: May 2005 Posts: 19,170	it's more valuable to melt them down. __________________ ̿ ̿'̿'\̵̿̿з=(•̪●)=ε/'̿'̿ ̿ ̿

11-18-08, 04:18 PM	#11 (permalink)
PETA an apparition Join Date: Jun 2005 Posts: 38,629	kinda depends on the value of zinc doesn't it? I mean they're copper colored but they're made, essentially, of zinc

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