Shoe Manufacturers Rush To Design New Nickel Loafers
(media.greatawakening.win)
Comments (22)
sorted by:
I put dimes in mine back in the day. You gotta think BIG! 😎
Did I miss something? Were pennies taken out of circulation?
Quit making new ones.
OK, that means the price of copper is, or nearly is, more than the weight of the coins. In other words, the copper is worth more than the monetary value.
My advie is to keep as many pennies as you can lay your hands on. In a very short while, they will be worth what copper is worth. We saved a few handsful of the nickel coins over here when they were taken out of circulation. Now, twenty years later, they are worth at least 10X their printed value. So we could sell, but I am kinda used to having them, so can wait.
Anyway, up to you - fill a monster box. It's only a tiny shelf-space.
They are mostly zink now,but even that costs more than a penny. I had several can of coins,I sold them all and bought silver and stock years ago. Now I dont use money as much.
Yes, well all cash is becoming like that. I think the metal is more valuable that the paper, TBH, but the paper could have sentimental value.
However, what is the effect of taking cash out of circulation? Some people don't have the ability or the resources to be on the hinternetz... They still use cash.
I refuse to pay the extra up charge for using a credit card- I pay balance in full every month, have no interest- so I find myself using cash more!
The credit card fees are essentially what pay for the "points" or "rewards"" you get on the back end. Unfortunately banks are pushing companies to push the fees onto the customer, which is BS if you ask me.
Of course I do understand it from a business owner’s perspective. Why am I the one that’s paying for your free flight to Hawaii?
That means you have zero debt. I am green with envy.
I've seen signs at businesses asking for pennies. 🤔
Soon they will only add the pennies to printed prices, and then they will 'round' to the nearest nickel. They do that by stating the policy before you do the transaction, and then proceed. Usually only 2c more than your purchase, so no-one minds. And then penniies will be properly gone.
Haha
Started laughing as soon as I read the title. Thanks Bee.
Nobody: "Nickel Loafer"
Me: What did you call me?...oh, n-i-c-k-e-l.
Hahaha. Didn’t even hear that when I said it!
Carry a wrist rocket slingshot. Those nickels, fired at 250 ft/second, will take down Goliath. They will also take out a windshield.
Nickel loafers will take on a new identity. You'd have to respect the guy wearing ammunition on his shoes.
If the value of the metal is greater than one cent, the solutions seem obvious:
(A) Increase the value of the dollar so that 1/100th of it is still worth more than a cent's weight of metal.
-- or --
(B) Make the pennies out of something still cheaper. Many countries use aluminum coins. Or even some highly-durable plastic.
Eliminating our physical currency step by step does not strike me as a brilliant solution.
Or... option "C". Invest in NICKELS.
A nickel weighs 5 Grams, and is 75% copper and 25% nickel. As of November 14, 2025, the price of copper was reported at $5.04 per pound (USD/Lbs), which is 1.11 cents per gram. The nickel has 4.16 cents worth of copper (3.75 grams).
As of October 2025, nickel is worth $0.01594/g x 1.25 grams = 2 cents worth of nickel.
So... the average nickel today is worth 6.16 cents in copper & nickel metal price.
If you buy a roll of $2 or 40 coins in a roll... you'll have $2.46 worth of metal.
If you spent $2000 on nickels, you'll have a $460 profit in metal value vs. Coin face value. If you bought $100,000 worth of nickels, you would own $123,000 worth of copper & nickel metal. It costs the government more to make a nickel than the coin is worth face-value.
A quarter weighs 5.670 grams and is 91.67% copper and 8.33% nickel. That means a quarter has 5.2 grams of copper (5.77 cents worth) and 0.47 grams nickel (0.75 cents). A quarter is worth 6.5 cents in metal. Quarters are a bad investment.
A 2025 United States half dollar has a weight of 11.34 grams and is composed of 91.67% copper and 8.33% nickel. A half dollar is worth 14.17 cents in copper & nickel metal value. Also bad investment.
Pennies off the market... then invest in nickels.
https://babylonbee.com/news/shoe-manufacturers-rush-to-design-new-nickel-loafers
Here is the interesting thing, it was costing 3.7 cents to make a penny, but it costs nearly 14 cents to make a nickel. For some reason I love coins, all coins, and the penny is a personal favorite. If you like coins collect them while you can, pennies before and some during 1982 are mainly copper, some 1982 to 2025 are copper coated zinc. All part of the devaluation of our money. The nickel may be the next to go.
Babylon Bee failed on this one. Nickels are next.
It costs 14 cents to make a nickel. It only cost 3.69 cents to make a penny. They picked the wrong coin.
Q: WHY DID THEY PUT PENNIES IN LOAFERS?
A: Pennies were put in penny loafers as a way to carry emergency change for a payphone call, a popular tradition that emerged in the 1950s. It was also a stylish statement, especially among college students, and a way to personalize the shoes. The slot was a decorative design feature from the beginning, but the penny was an add-on that later gave the shoes their name.