Tuesday, February 21, 2012

Comments on"Obama wants cheaper pennies and nickels"

First up, the story from CNN Money:
The U.S. Mint is facing a problem -- especially during these penny-pinching times. It turns out it costs more to make pennies and nickels than the coins are worth.

And because of that, the Obama administration this week asked Congress for permission to change the mix of metal that goes to make pennies and nickels, an expensive recipe that has remained unchanged for more than 30 years.

To be precise, it cost 2.4 cents to make one penny in 2011 and about 11.2 cents for each nickel....MORE
CNNMoney has 731 comments so we went elsewhere.
From AFNS:
  • You have to wonder what 
    Obama is thinking invoking 
    the ire of numismatist alloy 
    originalists in an election year.

    Domenic Archer
    Systems Analyst