Printer Friendly
The Free Library
19,604,530 articles and books
Member login
User name  
Password 
 
Join us Forgot password?

Don't throw out those pennies just yet.


Last year, the U.S. may have lost up to $40 million coining pennies and nickels
This article is about the gambling coin game. For other uses, see Nickel (disambiguation).


Nickels is a gambling coin game played with any desired denomination of coins.
. The metal in them--zinc, copper, and nickel--has soared in value, making the coins more valuable as raw materials than they are as currency. To stop this senselessness sense·less  
adj.
1. Lacking sense or meaning; meaningless.

2. Deficient in sense; foolish or stupid.

3. Insensate; unconscious.
, we could make them out of something cheaper or abolish pennies (and maybe even nickels). Because of inflation, a penny isn't half the coin it once was. But ports show that Americans like their Lincoln pennies. So, what to do? Here's one expert's proposal: Have the government declare the penny to be worth 5 cents. Pennies would then cost a little over 1 cent to make and would be worth a nickel nickel, metallic chemical element; symbol Ni; at. no. 28; at. wt. 58.69; m.p. about 1,453°C;; b.p. about 2,732°C;; sp. gr. 8.902 at 25°C;; valence 0, +1, +2, +3, or +4. , so the government would again be making a profit on money. We'd have plenty of new Lincoln "nickels" so we could stop minting our current nickels at a heavy loss. With 140 billion pennies in circulation, this rebalance would make them worth $7 billion, adding $5.6 billion to the money supply. So putt out those sofa cushions, and start looking for Looking for

In the context of general equities, this describing a buy interest in which a dealer is asked to offer stock, often involving a capital commitment. Antithesis of in touch with.
 the shiny face of Honest Abe. All that glitters All That Glitters (shortened from "All that glitters is not gold", a famous misquotation from The Merchant of Venice, the original line being ) is the name of a number of different works:
  • "All That Glitters", the final episode of the
 may not be gold, but it may be worth 5 cents.
COPYRIGHT 2007 Scholastic, Inc.
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2007, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

 Reader Opinion

Title:

Comment:



 

Article Details
Printer friendly Cite/link Email Feedback
Title Annotation:OPINION
Author:Goolsbee, Austan
Publication:New York Times Upfront
Date:Mar 12, 2007
Words:197
Previous Article:How to resolve the conflict with Iran.
Next Article:Cartoons.



Related Articles
DODGERS NOTEBOOK: PENNY THROWS SURPRISE AT CAMP.
DODGERS NOTEBOOK: PENNY SHOWS PROGRESS.
DODGERS NOTEBOOK: PENNY PROBABLY TO START ON DL.
DODGERS NOTEBOOK: ROCKY OUTING FOR JACKSON.
DODGERS NOTEBOOK: PENNY SHOWS PROGRESS.
DODGERS NOTEBOOK: PENNY ON TRACK TO COME BACK.
DODGERS NOTEBOOK: DESSENS IS LATEST CASUALTY.
DODGERS NOTEBOOK: PENNY MAY SKIP A START.
DODGERS NOTEBOOK: LOWE WILL START OPENER.
THIS DECISION A LITTLE STRANGE.

Terms of use | Copyright © 2012 Farlex, Inc. | Feedback | For webmasters | Submit articles