Do we really need a new nickel?

[FuzzyBee]

Is it just me, or is this a huge waste of our federal tax dollars?

link

The 5-cent piece is getting a new look, which the U.S. Mint -- the maker of the nation's coins -- was preparing to unveil on Thursday.

 

[scauffiel]

Originally posted by: fuzzy bee
Is it just me, or is this a huge waste of our federal tax dollars?

No. It's not just you. This along with the $32 MILLION dollar ad campaign for the new $20 bill is another in a long line of gubmint largesse.

S.

 

[Nitemare]

I still like the Buffalo nickles best

 

[Quixfire]

I prefer silver and gold coins.

 

[Eli]

Hmm.. Interesting.

 

[geno]

the $32 MILLION dollar ad campaign for the new $20 bill

:disgust: utterly pointless

 

[FuzzyBee]

maybe it's 'cause of the rampnat nickel counterfeiting

 

[kranky]

Actually, changing designs on coins is a money maker for the government, not a cost.

They know that any time a design changes, people sock away millions of the coins. It costs the government under 2 cents to manufacture a nickel, and the difference counts as profit to the government. So the demand goes up because people stash them away, the government makes more coins to satisfy demand, and they make more profit.

The actual cost of changing a design is nothing in the big picture, because the cost of raw materials and manufacturing is the same for any design, and that's where all the costs are.

 

[HomeBrewerDude]

Originally posted by: fuzzy bee
Is it just me, or is this a huge waste of our federal tax dollars?

link

The 5-cent piece is getting a new look, which the U.S. Mint -- the maker of the nation's coins -- was preparing to unveil on Thursday.

how do you know its 'huge' waste of money?

1) no dollar amount is described in the article
2) the cost of new 'stamps' can be offset by the costs of repairing/replacing old 'stamps'
3) New coins are produced every year, for the next few years, the coins will just use a different design.

 

[GreenGhost]

We need coins that are worth something, like $1 and $5...

 

[alm4rr]

remember the Dollar coin?

No? that's right cuz it was a lousy #!@ idea.
If we wanted coin dollars, we'd be in europe with our lil change purses

Wonder which bureaucrat thought up that brilliant idea

 

[RU482]

Originally posted by: GreenGhost
We need coins that are worth something, like $1 and $5...

and they should weigh ~2-3Lbs, so you can throw them across the lunchroom and knock someone out

 

[FuzzyBee]

Originally posted by: alm4rr
remember the Dollar coin?

which one?

 

[brentman]

Things are going to get interesting at cash registers, half the idiots that are somehow permitted to take my money can barely keep things straight now. Adding variations to coins and bills is only going to complicate things. Oh well, at least things are pretty.....

 

[Indolent]

Originally posted by: geno

the $32 MILLION dollar ad campaign for the new $20 bill

:disgust: utterly pointless

Originally posted by: brentman
Things are going to get interesting at cash registers, half the idiots that are somehow permitted to take my money can barely keep things straight now. Adding variations to coins and bills is only going to complicate things. Oh well, at least things are pretty.....

 

[Spooner]

It's good for me. I collect nickels.













riiiiiiiiiiiight

 

[Orsorum]

Originally posted by: redly1

Originally posted by: GreenGhost
We need coins that are worth something, like $1 and $5...

and they should weigh ~2-3Lbs, so you can throw them across the lunchroom and knock someone out

:beer: :beer:

 

[thenerdguy]

whats wrong with the old nickel? someone counterfiting it?

 

[skace]

poker night just got THAT MUCH MORE EXCITING.

 

[Shelly21]

Like someone just said, we mint nickels every year, so why not a new design.

Let's not have another debate on the dollar coin...there's a thread already.

 

[Indolent]

Originally posted by: thenerdguy
whats wrong with the old nickel? someone counterfiting it?

Nope, the new one is just commerative of Jefferson and the Louisiana Purchase.

 

[FuzzyBee]

Originally posted by: skace
poker night just got THAT MUCH MORE EXCITING.

 

[Miramonti]

Gotta address all that nickel counterfeiting at the las vegas slot machines.

 

[Brutuskend]

The back carries an image of clasped hands, signifying friendship. Above the clasped hands is a tomahawk crossed by a peace pipe, signifying peace. The images are similar to those carried on Jefferson Peace Medals, which were presented ceremonially to Indian chiefs and other important leaders

Great, is this first part kissing up to the French? I think the Louisiana Purchase was the LAST time they ever shook our hand.

And the peace medal? "Here, take this, it will make up for all the screwing we've been giving you, and all the screwing thats coming a bit later." :disgust:

 

[MaxDepth]

What is that thing crossing the axe, a five iron?