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IPFS News Link • Economy - Economics USA

Coin shortage could turn pennies to nickels

1-24-2007 • Reuters

The best solution would be to "rebase" the penny by making it worth five cents rather than one cent. Doing so would increase the amount of five-cent coins in circulation and do away with the almost worthless one cent coin.

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Reported By Powell Gammill

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1 Comments in Response to Coin shortage could turn pennies to nickels

Comment by Dave Gallagher (1052)

Entered on: 1/25/2007 2:22:16 AM

Still trying to figure out if this is inflationary or deflationary ;)

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Coin shortage could turn pennies to nickels

1 Comments in Response to Coin shortage could turn pennies to nickels

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