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View Full Version : Obama's Budget calls for cheaper nickels and pennies...



Docaroo
02-15-2012, 03:10 PM
Buried in Obama's national budget is permission for the U.S. Treasury to change the composition of it's currency to cheaper materials:


"If passed, the budget would allow the Treasury Department to “change the composition of coins to more cost-effective materials.” Why? Because it currently costs the federal government 2.4 cents to make a penny and 11.2 cents for every nickel. The special formula for making U.S. coins has stayed the same for the last 30 years. Changing that recipe could save more than $100 million a year."


Link to the article:

Read more: http://moneyland.time.com/2012/02/15/obama-wants-to-make-cheaper-pennies-and-nickels/#ixzz1mTzz1vsm

We know the day is coming, so here is our early confirmation that changes in the currency will soon be taking place. It may not happen because of this budget proposal, but it seems to be on the minds of the thieves in Washington D.C.

coindog
03-04-2012, 01:45 PM
they have been talking about it for years. I think soon it will get done. look for coin shortages when they do it. then they will blame collectors-again. like the last time when they went to clad coins.

Carpenter
03-04-2012, 01:56 PM
What will they do when ink becomes to expensive?

This USA Today story is worth 5 minutes of your time:
http://www.usatoday.com/money/economy/story/2012-03-03/david-stockman-says-economic-disaster-lurks/53339644/1

zerozero
03-04-2012, 02:20 PM
What will they do when ink becomes to expensive?

This USA Today story is worth 5 minutes of your time:
http://www.usatoday.com/money/economy/story/2012-03-03/david-stockman-says-economic-disaster-lurks/53339644/1

Digi-dollars already outnumber physical paper dollars!

johndaniels
03-05-2012, 08:50 AM
Buried in Obama's national budget is permission for the U.S. Treasury to change the composition of it's currency to cheaper materials:


"If passed, the budget would allow the Treasury Department to “change the composition of coins to more cost-effective materials.” Why? Because it currently costs the federal government 2.4 cents to make a penny and 11.2 cents for every nickel. The special formula for making U.S. coins has stayed the same for the last 30 years. Changing that recipe could save more than $100 million a year."


Link to the article:

Read more: http://moneyland.time.com/2012/02/15/obama-wants-to-make-cheaper-pennies-and-nickels/#ixzz1mTzz1vsm

We know the day is coming, so here is our early confirmation that changes in the currency will soon be taking place. It may not happen because of this budget proposal, but it seems to be on the minds of the thieves in Washington D.C.

and so it begins...

IMO they already have cheapened the materials in coinage.... quarters are just a garbage plastic-metallic alloy now