Ripley's Believe It or Not by Ripley’s Believe It or Not! for May 23, 2012

….you’re kidding me Ripley!?

The nickel ain’t worth a cent today.

Australia got rid of their 1 cent and 2 cent coins in 1992 because of the cost of making them. Most people haven’t missed them at all. We got rid of our 1$ and $2 Notes in the 1980’s and replaced them with coins. Replaced our paper money with longer life and more secure Polymer notes also in the 1990’s USA needs to get a handle on manufacturing costs over misplaced nostalgic reasons for keeping redundant and expensive forms of currency.

According to the 2011 US Mint Annual Report:Total Unit Cost (to produce coins)Penny: $ 0.0241Nickle: $ 0.1118Dime: $ 0.0565Quarter: $ 0.1114Dollar: $ 0.1803

Because of increased unit cost and higher demand, penny and nickel coins were produced at a loss of $116.7 million, nearly three times the FY 2010 loss of $42.6 million.

I used to be able to pull with my hair……………… Can’t now; it’s all gone, except for the fringe around the top…….

Seems like the cost of minting pennies and nickels is made up by the dimes and quarters.

A quarter once told a penny how he was worth 25 times as much as a penny.Maybe so, said the penny, but I go to church more often!

Nobody wants to get rid of pennys, but does anyone miss the mils?

You would only round up on cash transactions requiring coins. All others would still be figured to the penny.

Xu’s on first?

Xu pulls her hair out if she fails to pull the off-road vehicles!