Pennies being discontinued?

So now what exactly will this do to the idea of giving a penny for your thoughts? Does this mean you will now have to give me threee cents in order for me to spill the beans? Well my thoughts are that I will be ecstatic to see the penny go. They are weighty to carry, they buy absolutly nothing anymore, and they often turn green and ugly! So, this likely means no more 1C sales and no more buy one get one for a penny sales. Those will now probably be 5C sales and buy one get one for a nickel. Damn inflation. Oh, and you now owe me 3C!!

They stopped making solid copper pennies in 1982. From part way through 1982 and on they have been made of mostly zinc. There was also talk of making all pennies worth as much as nickels. That is just the media running with a thought of someone who is not in position to do such a thing. The problem with someone in the federal reserve even mentioning this is it would only make their problem worse. They don't want people hoarding pennies because then they have to make more and they aren't cheap to make in comparison to their value. Telling people that they could maybe someday make them all worth 5 times their value will only result in hoarding them. It's all nonsense if you ask me. They are more likely to discontinue making them completely and just leave what is in circulation out there instead of raising the value.

They have been saying that for so long, I can't remember when they were not saying it. But pennies, along with one dollar bills are still here. Dollar coins and paper two dollar bills seem to have melted into the background as quickly as they were touted as the new currency. I serioulsy doubt saving pennies will benefit anyone unless it is already a rare coin by mint date etc. I have been collecting since I was a child...oldest penny being issued in 1893 and yet have I ever chanced upon a double for any older that I already have. Hanging on to them isn't going to benefit anyone, just take up space on top of your chest of drawers.

That is most interesting thanks! I ave alway collected my loose silver but maybe now I'll have a pennies jar.

Well, If that was the case, I'd be a pretty rich man. I have a 5 gallon water jug filled with them, that's about 30-40 pounds.

I have not heard about this!! I will definitely continue to keep all those pennies that get collected in my wallet!!

I'm not sure if this is true. I work at a bank, and have been told its now just a rumor. But, maybe it will happen. I hate pennies!!!

I guess I won't throw my pennies away anymore! I do have tons of them around though, I hate pennies. I do hope they stop circulating them and that would be awesome if we could triple our investment :)

From what I had recently read in the news paper, it costs more money to make a penny, then what the penny is worth. And if I remember also, the same holds true for the nickel. However, it is still a federal offense to destroy money, other than when the treasury department does it.

I did see that a Senator was trying to get it in to get them stopped, whether or not it went further then that I have no clue. Right now one penny costs approximately 1.34 cents to make (going from memory here). So they are losing money for each one they make. It really is silly to keep making them with that information.

Wow. That's really wonderfull investemnt. I would love to do such investments. Are you sure that it actually works.

Wow, I have not heard anything about this yet. For a fact I will start saving pennies. Its hard to these days when we all live off of our Debit cards, and other plastics. I hardly ever carry cash anymore to even get pocket change.

is it really worthy!!111i hv a doubt!!!!!111

I think the best solution is to make pennies out of some other material. To discontinue them may be crazy -- it would cause HUGE inflation!

ohh I hope they really do this,, I hate pennys.they are just a pin in the bum anyways..and i hate odd number..it all should be nice and even lol..and its amazing to know how much they are worth melted down..they just a pain in the bum..good riddens lol!!

yes i shall sell all my pennies on ebay

Ya I have heard this and it would be cool to like double or even triple your money.

well i never get rid of my pennies untill i fill up this jar for all my change then take it to a machine to cash it otherwise i have it and i dont think they will discontinue because they are still making it so if they were going to stop it then thye would have already

that is good to know because i have so many pennies that i was just think of rolling up and taking to the bank. but now since they could be worth triple i will start saving more and more of them.

I find this post fascinating! (kudos =P) I think the government should at least look at the fact that they are wasting money. Unfortunately, it is illegal for citizens to take an advantage of this fact. Here is a link to an article on CNN's website about it: http://money.cnn.com/2006/12/14/news/melting/index.htm?postversion=2006121415