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03-29-24 06:30 AM
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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: 396 days
Last activity: 204 days
Posted on 09-22-08 03:14 PM Link | Quote
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)
Cyro Xero

Rune Mage

Rave Atom








Since: 02-23-05
From: Minnesota!!

Since last post: 2599 days
Last activity: 2512 days
Posted on 09-22-08 04:28 PM Link | Quote
$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: 1602 days
Last activity: 723 days
Posted on 09-22-08 04:47 PM Link | Quote
Originally posted by Cyro Xero
$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.

All I know is that it's a LOT of money.
Rogue
If you're reading this... You are the Resistance











Since: 08-17-04

Since last post: 396 days
Last activity: 204 days
Posted on 09-22-08 07:50 PM Link | Quote
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)
Cyro Xero

Rune Mage

Rave Atom








Since: 02-23-05
From: Minnesota!!

Since last post: 2599 days
Last activity: 2512 days
Posted on 09-22-08 10:23 PM Link | Quote
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: 3787 days
Last activity: 3152 days
Posted on 09-22-08 10:44 PM Link | Quote
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.
Rogue
If you're reading this... You are the Resistance











Since: 08-17-04

Since last post: 396 days
Last activity: 204 days
Posted on 09-22-08 11:49 PM Link | Quote
Originally posted by Cyro Xero
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.

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.
Elara

Divine Mamkute
Dark Elf Goddess
Chaos Imp
Penguins Fan

Ms. Invisable








Since: 08-15-04
From: Ferelden

Since last post: 74 days
Last activity: 74 days
Posted on 09-23-08 03:04 AM Link | Quote
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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