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Costs of Penny's ect.........

abcguns2abcguns2 Member Posts: 2,320 ✭✭✭✭✭
edited May 2006 in General Discussion
O.K. , I saw on the news that the costs to produce a Penny was apx. 1.56 cents , the costs for a nickle was apx. 5.35 cents , wonder what the costs is for a One (1) cent stamp , its no wonder we are screwed up ($$$ wise)?????
Thanks !!!
d.a.stearns
Gunsmith / LEO
Niota , Tn

Comments

  • n/an/a Member Posts: 168,427
    edited November -1
    I wish they would do away with the penny and just round everything to the nearest nickle.

    Just my two pennies worth
  • dongizmodongizmo Member Posts: 14,477 ✭✭
    edited November -1
    It is cheaper to use a penny for a small washer than to buy one.
    Don
    The ultimate result of shielding men from the effects of folly, is to fill the world with fools.
  • hughbetchahughbetcha Member Posts: 7,801 ✭✭✭
    edited November -1
    quote:Originally posted by dongizmo
    It is cheaper to use a penny for a small washer than to buy one.
    Don


    I actually used a Chinese coin for a washer once. the hole was already drilled in the coin.
  • CHGOTHNDERCHGOTHNDER Member Posts: 8,936 ✭✭✭
    edited November -1
    [:D][:D][:D][:D][:D]


    quote:Originally posted by hughbetcha
    quote:Originally posted by dongizmo
    It is cheaper to use a penny for a small washer than to buy one.
    Don


    I actually used a Chinese coin for a washer once. the hole was already drilled in the coin.
  • CrittergitterCrittergitter Member Posts: 2,554 ✭✭✭✭✭
    edited November -1
    Who cares what it costs to produce a penny.

    That's a British problem. A Penny is 1/100th of the British pound.

    A Cent is 1/100th of the American dollar.

    For the same reason we drive on the right side of a road, this was done to aggravate the British.


    Read the back of one. It states ONE CENT, not ONE PENNY.

    There are no pennies in the American monetary system.
  • William81William81 Member Posts: 25,465 ✭✭✭✭
    edited November -1
    A coin is used over and over and is usually in circulation for decades and it's value remains the same.

    However, I agree it is time to do away with the penny.....
  • He DogHe Dog Member Posts: 51,593 ✭✭✭✭
    edited November -1
    I dunno critter, I found a penny this morning. I picked it up too.


    ABCguns has it right: http://www.usatoday.com/money/2006-05-09-penny-usat_x.htm
  • CrittergitterCrittergitter Member Posts: 2,554 ✭✭✭✭✭
    edited November -1
    Just because the common terminology is "penny", doesn't make it a penny.

    It's a CENT, as in ONE PERCENT OF A DOLLAR.

    A penny is one percent of the British pound.

    People use misnomers constantly in our language, but that doesn't make it correct.

    If you refer to a magazine as a clip, does it become a clip?

    If you call a disconnector a sear, does it become a sear?

    If one calls a tire a wheel, it is not a wheel, it's still a tire.

    A catalouge remains a catalouge, even if you call it a magazine.

    Algae remains exactly that, even if you call it moss.
  • select-fireselect-fire Member Posts: 69,514 ✭✭✭✭
    edited November -1
  • alledanalledan Member Posts: 19,541
    edited November -1
    A penny is worthless! Hell, you can't buy nothing with a freaking penny!!
  • dcon12dcon12 Member Posts: 32,036 ✭✭✭✭
    edited November -1
    quote:Originally posted by Crittergitter
    Just because the common terminology is "penny", doesn't make it a penny.

    It's a CENT, as in ONE PERCENT OF A DOLLAR.

    A penny is one percent of the British pound.

    People use misnomers constantly in our language, but that doesn't make it correct.

    If you refer to a magazine as a clip, does it become a clip?

    If you call a disconnector a sear, does it become a sear?

    If one calls a tire a wheel, it is not a wheel, it's still a tire.

    A catalouge remains a catalouge, even if you call it a magazine.

    Algae remains exactly that, even if you call it moss.






    Well, ain't we Mr. Perfect today! Don
  • He DogHe Dog Member Posts: 51,593 ✭✭✭✭
    edited November -1
    Critter, it was a joke, man I think you are taking your potty training waaaaaaaaaaaaaaaaaaay to seriously![:p]
  • p3skykingp3skyking Member Posts: 23,916 ✭✭✭
    edited November -1
    quote:Originally posted by alledan
    A penny is worthless! Hell, you can't buy nothing with a freaking penny!!


    You can still buy a blonde's thoughts for a penny.[:p]
  • LowriderLowrider Member Posts: 6,587
    edited November -1
    When I was a kid we bought "two for a penny" candy.

    But then, when I was a kid the wheel had yet to be invented. [:D]
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