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 Replies: 177 / Views: 17,864 |
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Moderator
 United States
95936 Posts |
our history is strong, we still have the penny, always will. not not new ones.  And isn't there some talk about keeping them for mint sets (just like the Kennedy half)? |
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Pillar of the Community
United States
1894 Posts |
everything will go up 1 cent or 4 cents---billions to be made---
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Valued Member
New Zealand
192 Posts |
When cents (the US doesn't have pennies) are eliminated prices don't change on goods. It's just the total price of a purchase that's rounded by a few cents, not the price per item. It will average out to where people win some and lose some. By a few cents. That no one wants anyway. And that's only if you pay in cash and if cents are officially demonetised. In New Zealand if you pay electronically, you pay exactly the amount on the receipt. There's no rounding. No reason it couldn't work the same in the US.
If cents are allowed to circulate, they will continue to do so as much or as little as people want. There are billions of them around, after all. If they're removed from circulation, they won't be missed, and the government will save millions not having to make a useless coin most people don't want.
After all, it's still legal to spend half dollars and dollars, but most people don't. No one is rounding things up or down by half a dollar or a dollar because of this.
Do not read this sentence.
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Pillar of the Community
United States
3470 Posts |
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the US doesn't have pennies Sure we do. The US mint refers to the one cent coin as a Penny. |
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Pillar of the Community
United States
2023 Posts |
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Bedrock of the Community
United States
10529 Posts |
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Valued Member
New Zealand
192 Posts |
We could keep discussion confined to the more important point at hand, i.e., whether or not the US cent has a future or not ooorrrr...... I have no doubt that the US is highly capable of denying logical reality, even at the highest levels of government*, including the irrational "need" to keep producing coins that cost more than they're worth. Misnaming the coin is the least of their misdeeds. Next up: Clinging to a measuring system used by nearly no other country.  *Any government, so not a "political" statement.   Do not read this sentence.
Edited by Buffalo soldat
07/28/2025 06:00 am
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Moderator
United States
188342 Posts |
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everything will go up 1 cent or 4 cents---billions to be made--- That is a myth. Stop spreading it.  |
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Moderator
United States
188342 Posts |
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Misnaming the coin is the least of their misdeeds. Truth.  |
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Moderator
United States
54281 Posts |
Show your financial support of the Coin Community Family (click here)See my topic on Mexican Numismatic Medals (click here) |
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Pillar of the Community
United States
2271 Posts |
It sure feels good to toss them in the trash. When I use them as a project I always used to return them to circulation because I sure didn't want them to make more. Now if they get dirty or damaged it's so easy to just toss them.
It does make me think though that I should save a few coppers and zincs for future projects.
Time don't fly, it bounds and leaps.
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Valued Member
United States
473 Posts |
The US Cent should've been discontinued in 1982, instead of switching to the zinc cent.
Instead, Canada, Australia, New Zealand, and others made this most logical move decades ahead of us.
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Moderator
United States
54281 Posts |
The metal lobbies were stronger in the US.
Show your financial support of the Coin Community Family (click here)See my topic on Mexican Numismatic Medals (click here) |
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Pillar of the Community
United States
2271 Posts |
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The US Cent should've been discontinued in 1982, instead of switching to the zinc cent.
Instead, Canada, Australia, New Zealand, and others made this most logical move decades ahead of us. The very first penny that required more than one cent worth of human time and effort to produce and distribute was a crime. This had certainly occurred by 1974 when the mint spent millions of tax payer dollars to tool up for conversion of the one cent coin to aluminum. Instead of flushing more money down the drain they should have discontinued the thing or simply announced they were 2 1/2 cent pieces and designing this new coin with a hole in the center so existing one cent coins could be converted. There were many missed opportunities so instead we had hundreds of billions of worthless slugs made over half a century longer. Maybe now we'll do something with the nickel instead of wasting vast resources and continuing production until they cost a couple dollars to make. Time don't fly, it bounds and leaps.
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Bedrock of the Community
United States
19154 Posts |
Okay, so the nickel should be next. What are the options?
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Replies: 177 / Views: 17,864 |
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Posted 07/27/2025 7:44 pm
