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Get Rid Of The Penny?

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Valued Member
United States
122 Posts
 Posted 01/14/2009  3:09 pm  Show Profile   Bookmark this reply Add Big-byte to your friends list
Quit minting these goofy things. Forbid them in commerce. Round to nearest nickel. Everybody will be pleased except the copper mines and congressmen from Illinois. To satisfy the congressmen, they can put Lincoln on the dime. FDR has had his run. We collectors can still keep collecting the cents. Then we can start thinking about getting rid of nickels.
Valued Member
United States
122 Posts
 Posted 01/14/2009  3:24 pm  Show Profile   Bookmark this reply Add Big-byte to your friends list
Aluminum coins would be disgusting. The USA is too classy for that trash. What a cheap image that would be!
Valued Member
United States
284 Posts
 Posted 01/14/2009  3:55 pm  Show Profile   Bookmark this reply Add christian_cyclist to your friends list
Aluminum is great stuff. We use it more than we think and it's plentiful. From bikes, to wheels, to foil, to electrical components... it's out there. Only problem that I can see with aluminum is that it does fatigue and it does break. I'm not sure how durable the coin would be.

Now, I'm not trying to defend the penny. I also agree... get rid of it. I'm just defending aluminum. :-)

-- Boris
Edited by christian_cyclist
01/14/2009 3:56 pm
Valued Member
United States
122 Posts
 Posted 01/14/2009  4:03 pm  Show Profile   Bookmark this reply Add Big-byte to your friends list
I have nothing against aluminum, except for flimsy coins. Have you ever gotten any of those from the Caribbean islands? When you see them, you want to throw them away.
Valued Member
United States
284 Posts
 Posted 01/14/2009  4:13 pm  Show Profile   Bookmark this reply Add christian_cyclist to your friends list
I have some aluminum Italian, Hungarian, and Yugoslavian coins. You're right, they do feel "cheap" but only because they are so light. Then again, I'm sort of used to handling aluminum so it feels right to me. Anodized aluminum can have a really neat look. Some cyclists strip the paint off of their frames just to get them anodized.

Perhaps a flimsy feeling penny will be the turning point of getting rid of it?

-- Boris
Rest in Peace
United States
1729 Posts
 Posted 01/15/2009  12:40 pm  Show Profile   Bookmark this reply Add pls to your friends list
I can readily agree with MrCanada's comment that using cents as change is a nuisance. Just try giving most 16-year-old clerks a five and Two Cents for a $4.02 purchase and then watching their faces as they try to do the math in their head (ignoring the fact that nearly all modern cash registers will do it for them). Recently, I had to show one little girl how to count change back while her co-worker was standing right beside her. I don't think she got it ... but at least I tried my bit to further her education.

Aluminum? Italian coins are rather handsome, but then most of them are larger than cents. French coins look as if they've been minted through wax paper. Most low-denomination aluminum coins simply don't look like serious cash to me. Some copper-aluminum alloy coins don't look too bad, however; they seem to show details rather nicely.
Valued Member
United States
290 Posts
 Posted 01/15/2009  12:57 pm  Show Profile   Bookmark this reply Add novillero to your friends list
Where is the option for a sound fiscal policy that does not devalue the money?
Pillar of the Community
United States
3077 Posts
 Posted 01/15/2009  1:14 pm  Show Profile   Bookmark this reply Add yotie to your friends list
you don't know our congress very well do you?











<edit for speelin>
Edited by yotie
01/15/2009 1:15 pm
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United States
188708 Posts
 Posted 01/15/2009  1:47 pm  Show Profile   Bookmark this reply Add jbuck to your friends list

Quote:
Where is the option for a sound fiscal policy that does not devalue the money?
The problem is that the damage is done. Sure, we can change policy to prevent us from having this discussion in twenty years, as we ponder eliminating every denomination under a dollar!
Valued Member
United States
284 Posts
 Posted 01/15/2009  2:07 pm  Show Profile   Bookmark this reply Add christian_cyclist to your friends list
Twenty years from now we'll be paying with our thumbprints. Won't even need to slide a credit card.

-- Boris
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United States
188708 Posts
 Posted 01/15/2009  3:41 pm  Show Profile   Bookmark this reply Add jbuck to your friends list

Quote:
Twenty years from now we'll be paying with our thumbprints. Won't even need to slide a credit card.
Thumbprints and retina scans will be "old school" by then, when we have chips implanted at birth and keyed to our DNA!
Pillar of the Community
United States
2520 Posts
 Posted 02/10/2009  9:00 pm  Show Profile   Bookmark this reply Add ratman4762 to your friends list
I disagree that we are too "classy" for aluminum coins. Look at the crappy corroding cents that have been minted for the last 26 years. Aluminum would be better than zinc...but probably cost more.
Pillar of the Community
United States
615 Posts
 Posted 02/10/2009  9:39 pm  Show Profile   Bookmark this reply Add sfwusc to your friends list
jbuck,

That will never fly before some big event happens. There are way to many Christians that wouldn't agree to it. I wouldn't let them do it to me or my future kids.

-SWUSC
Pillar of the Community
United States
615 Posts
 Posted 02/10/2009  9:47 pm  Show Profile   Bookmark this reply Add sfwusc to your friends list
On the cent and nickel actually..

I think we should switch to steel or do away with the cent. Likely do away with producing it... Let stores start pricing stuff to the 1/20 of a dollar instead of 1/100. The inflation effect is mute. If you lost 4 cents on every purchase and purchase a total of 100 things a week 52 weeks a year, then that is $208 a year. That is less than 1% inflation and the price would likely go up that much anyway.

I think the Nickel should be ended as well. I think we should bring back the Half Dime in clad. It would be very profitable to mint. I guess they can make a Half Dime for around 1.5 cents each. After, nickel/copper prices go up, then start pulling the nickels to melt down for recovering the metals.

-SWUSC
Pillar of the Community
United States
3098 Posts
 Posted 02/10/2009  10:08 pm  Show Profile   Bookmark this reply Add wd1040 to your friends list

Quote:
Whatever. Let's just make them out of chocolate! Kids eat them anyway.
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