How much does a dollar weigh?

[WilliamClarkeQuantrill]

Something I like to ask, with out looking it up does anyone know how much a dollar weighs? :smokin:

[Dooby420]

Dont know exactly where ya located but EVERY single bill in U.S. currency weighs exactly 1.0 gram

Also a nickel weighs exactly 5.0 grams :D

-DooB :rasta:

[ChronicSmoker]

has anyone ever had one not be 1.0?

[Dooby420]

has anyone ever had one not be 1.0?

I've put bills on scales before and sometimes they read 0.9 or 1.1 but I've never had a reading too far off 1.0 :D

I just figured the scales were off just a bit ;)

-DooB :rasta:

[WilliamClarkeQuantrill]

Good sunday morning to you Dooby420, I am located in the federally occupied southland of the once United States of America.

Don't take offense to this, but it seems you are confused as to what exactly a dollar is. I mean I can have four quarters and still have a dollar, but it weighs more than 1.0 gram. So your answer, while no doubt correct for the weight of the paper sustitute for the dollar, does not answer the question at hand. In all fairness I should have phrased the question more clearly.

What is a dollar? How is a dollar defined? Describe a dollar to me.:smokin:



Word up ChronicSmoker. :smokin:

[Dooby420]

Ahh, sorry bro I didn't even think of it that way :(

I'm not too sure about other coins and such, maybe someone else can help ;)

-DooB :rasta:

[TheStickiestofTheIcky]

A dollar is any combination of monetary denominations that will equal 100 cents.

But really money is nothing but idle metal and paper, not really backed up by anything anymore.

[WilliamClarkeQuantrill]

Hey stickyicky, so if a dollar= 100 cents. What is a cent? :smokin:

[CB]

is only a means of control ;)

free trade will render a federal reserve note useless no?

say Q ,

what ever happend to all the gold our dollar is based on? last i heard it was never found at ground zero :eek:

[TheStickiestofTheIcky]

A worthless hunk or copper coated zinc I reckon.

[WilliamClarkeQuantrill]

Free trade would show the modern debased dollar for what it is actually worth. Which would most definetly make the FRN (federal reserve note) useless.

Our dollar has not been redeemable in gold since 1933-34. (http://www.usagold.com/gildedopinion/buckler2.html) Thanks to F.D. Roosevelt.

The central banks have all the gold reserves.

[WilliamClarkeQuantrill]

Pennies pre 1982 are 95% copper, save every one you see. Because it takes 146 copper pennies to weigh a pound. And current copper spot price is $3.50 or so. Post 1982 pennies are 97% zinc, how long till the zinc in a pennie is worth more than a cent?

[WilliamClarkeQuantrill]

The Act of 1792 established a definition of a dollar. A dollar was defined as a coin containing 371.25 grains of silver and 416 total grains of metal (silver and alloy). The purity ratio was 1445:1664. Thus, a dollar was not a unit of value, but a unit of weight based upon a precious metal commodity.

A specific weight of silver. Today that same weight of silver will cost you $11.00 or more, it changes every day. Tell me this, has silvers value gone up that much or has the "dollars" value gone down?

[TheStickiestofTheIcky]

I think the answer is we've all been hoodwinked into buying into a buncgh of bull and if we didn't believe in money it would have no worth since it's not backed by anything, an imaginary economy.

[ChronicSmoker]

Money is a medium of exchange, standardized by the government in the form of coins and dollars and what not. This helps facilitate a market economy, where people are trading goods and services amongst each other, and also allows people to specialize at one task rather than trying to be self sufficient and learn all tasks that need to be done. This can be illustrated through the following example:Say, for example, I were to grow oranges, another person makes tools, and another person makes shoes. The person who makes shoes wants some oranges, but doesn't need tools, I want some tool, but no shoes, and the person who makes tool needs some alcohol. The way everyone gets what they want is through laborious trading or they can purchase it if there is some standardize medium of exchange accepted by all. So unless people want to produce their own goods or go through the laborious trading to get everything they want, money will have some kind of value and the economy will stay in existence.

[Dooby420]

hehe Welcome to Economics 101 :D

[dredank]

i think all precious metals prices has rised in the past year

[umsinc]

the idea that money is just a means of control is total BS. Free trade would never work. I sure the hell don't want to trade 3 pigs for my services as a webmaster. And not everyone needs IT services so I would be screwed when it comes to grocery shopping.

[Cranky]

3 pigs for my services as a webmaster

pfffffff..thats abit steep mate...

hows about 2 chickens and one cock ;)

baaaaaargin!

cranky

[StoninStanley]

free trade would work and work well, it already has before :)

money confuses me, i think that's why i have none

[Sticky_Budz]

pfffffff..thats abit steep mate...

hows about 2 chickens and one cock ;)

baaaaaargin!

crankylmao u crack me up lol:D Thanks for the laugh

[Mel]

is only a means of control ;)

free trade will render a federal reserve note useless no?

say Q ,

what ever happend to all the gold our dollar is based on? last i heard it was never found at ground zero :eek:

It is now may of 08 and this ? becomes even more frightening

gas is now approaching 4$ (hey 4 and $ are the same key ;) )
our economy is being driven to the ground, the $ is lossing internationally, housing costs are insane. In 6 months the answers may start to surface .. "where's the gold?"


I have a feeling a very large richard knows where the gold is

[sombro]

free trade would work and work well, it already has before

Ever been to kibbutz? it's the Jewish version of the perfect socialist ideal. A group of people living and working together just to provide for themselves, every kibbutz has a farm and orchards. Many have factories in order to provide revenue to buy stuff they can't make themselves.
The motto is "to each according to his needs from each according to his abilities" a nice idea.

The Kibbutzim were refugees from Europe from around the time of WW2, and as such bonded over similar needs and experiences. I think it would be difficult to copy that model anywhere else right now. When I was there the number of young people leaving the kibbutz was increasing every year. The problem is that on the kibbutz you can have everything that you need but not very much of what you want. The drug of every nation has shown them what is possible and they are dissatisfied.

We are addicted to choice, that is why free trade will not work again until it becomes a necessity.

[Shadows]

Metal prices have almost doubled since january this year. What was costing us 28.00 for a sheet of 24ga 5x10 galvanized metal in Jan, is not costing 48.00 a sheet. Its so bad, metal companies are no longer accepting build contracts from distributors or giving out a price good for 30 days. Prices are being put up daily because they are changing daily.

It just got twice as expensive to build, and thats only counting the HVAC side. This does not even consider the metal studs most buildings are using, or the metal framing for the structure. What was a 250,000 job has now become a 499,000 job.

now, gas prices, yee haw, If I get one more delivery in here where Im being charged a gas surcharge on my already price inflated order.... Well, lets just say the talks have not been going that great with my vendors. I understand you gotta make a dime, but at the rate prices are changing and with the business they get from us, the fuel surcharge has to go, or STOP offering a delivery service thats quite often referred to as "FREE".

So, whats a dollar weigh?
Well, its 1.0g piece of paper now, I'll weigh it again after whipping my ass with it.

[sombro]

metals, especially gold always in go up in price during a recession, it's about the only safe investment when the market is going tits up.

when all our cash becomes worthless bling will be king.

[CB]

Congress looking at steel pennies and nickels
Coins cost more to make than they are worth; White House cool on idea.

WASHINGTON - Further evidence that times are tough: It now costs more than a penny to make a penny. And the cost of a nickel is more than 7½ cents.

Surging prices for copper, zinc and nickel have some in Congress trying to bring back the steel-made pennies of World War II, and maybe using steel for nickels, as well.

Copper and nickel prices have tripled since 2003 and the price of zinc has quadrupled, said Rep. Luis Gutierrez, D-Ill., whose subcommittee oversees the U.S. Mint.
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Keeping the coin content means “contributing to our national debt by almost as much as the coin is worth,” Gutierrez said.

A penny, which consists of 97.5 percent zinc and 2.5 percent copper, cost 1.26 cents to make as of Tuesday. And a nickel — 75 percent copper and the rest nickel — cost 7.7 cents, based on current commodity prices, according to the Mint.

That’s down from the end of the 2007, when even higher metal prices drove the penny’s cost to 1.67 cents, according to the Mint. The cost of making a nickel then was nearly a dime.

Gutierrez estimated that striking the two coins at costs well above their face value set the Treasury and taxpayers back about $100 million last year alone.

A lousy deal, lawmakers have concluded. On Tuesday, the House debated a bill that directs the Treasury secretary to “prescribe” — suggest — a new, more economical composition of the nickel and the penny. A vote was delayed because of Republican procedural moves and is expected later in the week.

Unsaid in the legislation is the Constitution’s delegation of power to Congress “to coin money (and) regulate the value thereof.”

The Bush administration, like others before, chafes at that.

Just a few hours before the House vote, Mint Director Edmund Moy told House Financial Services Chairman Barney Frank, D-Mass., that the Treasury Department opposes the bill as “too prescriptive” in part because it does not explicitly delegate the power to decide the new coin composition.

The bill also gives the public and the metal industry too little time to weigh in on the new coin composition, he said.

“We can’t wholeheartedly support that bill,” Moy said in a telephone interview. Moy said he could not say whether President Bush would veto the House version in the unlikely event that it survived the Senate.

Sen. Wayne Allard, R-Colo., who is retiring at the end of the year, is expected to present the Senate with a version more acceptable to the administration in the next few weeks.

The proposals are alternatives to what many consider a more pragmatic, but politically impossible solution to the penny problem: getting rid of the penny altogether.

“People still want pennies, which is why we’re still making them,” Moy said.

Even Treasury Secretary Henry Paulson acknowledged in a radio interview earlier this year that getting rid of the penny made sense but wasn’t politically doable — and certainly nothing he is planning to tackle during the Bush team’s final months in office.

In 2007, the Mint produced 7.4 billion pennies and 1.2 billion nickels, according to the House Financial Services Committee.

Other coins still cost less than their face value, according to the Mint. The dime costs a little over 4 cents to make, while the quarter costs almost 10 cents. The dollar coin, meanwhile, costs about 16 cents to make, according to the Mint.

[Mel]

so.. pennies and nickels are worth more
and paper dollars lose value by the minnute:hmmmm:

[gorilla]

If it costs 1.29 cents to make why isn't it worth that? I dont understand this system. :hmmmm: What does a 1 dollar bill represent physically? Is a penny supposed to cost 1 cent to make?

[majestyk5]

wow i never thought about the cost of making the money.
wont be long til money is worthless and gas will rule.

[Mel]

manufatirung costs of the dollar should cost less than the dollar it self. That does not mean it has too. The diollar coin/bill is represenative of a precious metal that backs it up. The big ? here for me is "where's the gold" There is not enough metal to back up these false reps. "where's the gold?"

BTW anaybody remeber silver certificate dollars?


:2cents: who's copper may be worth more than a dollar ;)