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| Xeogaming Forums - General Chat - So the national debt is up to $9 trillion. Let's throw more away and make a new penny!! |
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Rogue If you're reading this... You are the Resistance         Since: 08-17-04 Since last post: 633 days Last activity: 442 days |
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| So the U.S. economy is in the tank, but seriously when isn't it? Economies rise and fall as is their nature, trouble is it's gotten to the point that our generation is going to have to pay higher interest rates on loans and such to pay it back.
Score! But just when you thought it couldn't get any better, the U.S. is going to unveil their newest mint-y creation--a new PENNY (street value of a whopping ONE CENT). The new coin will commemorate the 100th anniversary of Lincoln's first appearance on the penny as well as the 200th anniversary of his birth. It cost $0.08 to mint each one of these bad boys. Huzzah! America, you're on report. EDIT: Check these guys out: 
Forgot to mention there's going to be 4 of them and rotating around until there's more of them out there. (Last edited by Rogue on 09-22-08 03:26 PM) |
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Cyro Xero Rune Mage  Rave Atom  Since: 02-23-05 From: Minnesota!! Since last post: 49 days Last activity: 49 days |
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| $1 trillion? Funny, I could've sworn that several years ago it was at 5 trillion and rising. Must've had false information from multiple sources. | |||
Cteno Super Shotgun Moderator Since: 01-11-05 Since last post: 92 days Last activity: 89 days |
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Originally posted by Cyro Xero All I know is that it's a LOT of money. |
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Rogue If you're reading this... You are the Resistance Since: 08-17-04 Since last post: 633 days Last activity: 442 days |
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| Sorry, we're actually $9 trillion in the hole. Awesome.
EDIT: I should add, though, that due to trust funds and social security it can be counted as less than that. Still, a new penny? The hell? (Last edited by Rogue on 09-22-08 07:57 PM) |
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Cyro Xero Rune Mage Rave Atom Since: 02-23-05 From: Minnesota!! Since last post: 49 days Last activity: 49 days |
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| Why not? They've made a new 10, 5 and 20. Quarter came a bit earlier. Who knows, by 2020 we may see Bush's face on the Nickel. | |||
天国JOE ���A�ǂ��ɂȂ�̂���낤�H Since: 09-02-04 From: Destroy Tower Since last post: 4025 days Last activity: 3390 days |
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| Are these gonna be limited edition, or permanent? The temporary event coins I've never liked. Saw them as a waste of time.
Although a while back now, somewhat recently Canada changed bills. Our bills are apparently more counterfeit proof now, and look nicer. |
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Rogue If you're reading this... You are the Resistance Since: 08-17-04 Since last post: 633 days Last activity: 442 days |
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Originally posted by Cyro Xero For some time there's been something of a movement to have pennies removed from the U.S. currency due to how utterly worthless they can be. Personally I disagree because everything would round up to the nearest 5, which doesn't seem like much, but would definitely add up over time. What I object to here, is the fact that it costs 8 times what the coin is "worth" to mint it. For every $1, it took $8 to make it, $800 for every $100, and so on. It's just a waste. At least that's how I see it--I'm sure there are coin collectors and enthusiasts out there who think this is the greatest thing to happen to currency in a long time. While they did the same with quarters, dollar coins, and new bills, there isn't as much of a marginal loss as minting pennies. And in answer to TP, I actually don't know if this is just a celebratory coin (which I suspect it is) or a permanent change. All I've heard is there are four designs which will supposedly be circulated one at a time like state quarters. |
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Elara Divine Mamkute Dark Elf Goddess Chaos Imp Penguins Fan Ms. Invisable  Since: 08-15-04 From: Ferelden Since last post: 99 days Last activity: 99 days |
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| I believe that they are indeed celebratory but I can't find out for sure. I know that, little coin collector that I am, I will snatch at least one of each when they come out but after that who really cares? |
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| Xeogaming Forums - General Chat - So the national debt is up to $9 trillion. Let's throw more away and make a new penny!! |
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