Showing posts with label nickels. Show all posts
Showing posts with label nickels. Show all posts

Wednesday, January 24, 2007

A penny saved is a...nickel earned?



While Kevin Federline attempts to save the penny by proving that uselessness knows the value of other useless things, it seems that Fed-Ex may indeed have a bright idea, as with the recent rise in the price of copper and an anticipated coin shortage due to people hoarding and melting them down, could turn the one cent piece into a 5 cent piece. By "rebasing" the penny and making it the same value as a nickel, the coin shortage problem could potentially be circumvented. Read more about it here.

Thursday, December 14, 2006

Save your pennies! (Just don't melt them down)

The U.S. Mint has just placed a ban on melting down 1 and 5 cent coins as they have received inquiries recently as to whether or not the practice is legal. Apparently your pennies and nickels are worth more melted down than they are in their coin form face values. The new ban carries a penalty of up to 5 years in prison with up to a $10,000 fine. You can read more about the ban here.