Monday, July 17, 2006

To kill or not to kill

I love when I run across interesting blog fodder. I did it again today. Lately I've been glad MSN is my homepage, otherwise I'm not sure I'd see some of these things.

Anyway, today's interesting topic is about killing off the penny (and possibly the nickel). Is it ironic that the man who abolished slavery has his face on the very coin that may, itself, be abolished? Perhaps. Here's the article. It was rather interesting, though I think I've already mentioned that, lol.

At what point does it become too expensive to make a coin? Apparently, it already is. And it isn't just the penny, it's the nickle, too. There is a chart at the end of that article that tells what is costs to make each piece of currency. They estimate that at the end of 2006, the penny will cost 1.23 cents and the nickel will cost 5.73 cents.

Now, it seems to me that the most logical choice would be to get rid of them, seeing as how they aren't even worth what it costs to make them (literally). But part of me says we shouldn't. Why? I dunno. I guess because I'm a creature of habit and it would require re-vamping prices to reflect not being able to use pennies (or nickles). So, I guess I'm on the fence. I can see both sides of the arguement.

Whatever happens, it appears that the penny will be around until at least 2010. Maybe by then they will have found a cheaper way to make both coins (i.e. cheaper materials). This will be an interesting one to follow...

Comments on "To kill or not to kill"

 

Anonymous Anonymous said ... (8:40 PM) : 

I hate pennies, but I'm not sure that I want them killed off or anything. Maybe just banished to a Caribbean island. :)

love, me <><

 

Blogger وليد العروي said ... (2:40 PM) : 

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