Do You Think We Will See The Penny Disappear?

I think they will get rid of it in 2059. That will make the Lincoln Cent 150 years old. With Congress/Protesters it will take awhile.

I don't think the coins already minted are going to disappear, I think the OP was really interested in whether the cent would stop being minted anytime soon.

As for metal recovery possibilities I doubt the Mint would bother with the cent. First off the vast majority of cents in circulation (probably close to 90%) are zinc coated with a thin layer of copper. The metal recovered would likely be worth less than the expense of recovering and processing it. The Canadians are recovering copper and nickel from older coinage (pre-steel) but those metals have a better cost to value ratio. I could see the US trying to recover nickel and copper from the US 5-cent coin should they decide to switch to a different composition or eliminate the denomination but even that might be more trouble than it is worth.

Yeah, see this is the thing many people forget in these discussions and probably is forgotten when politicians discuss ridding the cent. the $X.009 is the tax on gasoline set by the federal government MANY years ago. when you remove the cent and/or nickel that will have to be rounded some how, and going from 9/1000th or a dollar to 1/10 of a dollar is some serious inflation!

blahblahblah..rounding blahblahblah.. you don't jsut buy a gallon of gas. Stopping anyone before they say that as they never mow their own lawns obviously. My lawn mower can't even hold a full gallon of gas!

Also someone mentioned the 2014 reports and the only thing I still find on the Mints new website is 2011 reports for coinage? can someone math for me if the penny was change to dime sized, nickle to penny size, and dime to nickel sized to make the coins get bigger as their value, within those costs and tell me what the cost of coins would be then? (Leaving aside it would mess with ALL coin counting machine and have to put people to work to actually learn to read coins like tellers and cashiers)

or tell me where to find these reports on the cost of each coin for 2014, or if buried in some 600 page headache, just pull out those costs per coin from 2014 so I can play with the math myself?

penny made of current penny materials but dime sized. nickel made of current nickel materials, but penny sized, and dime made of ? but nickel sized is the goal.

it isn't like this would hurt the blind that much because unless dealing with coins, which MOST businesses don't like to do, they are always at risk with paper or plastic money of being cheated.

And the dollar has shrunk to be smaller than the half, so maybe making a smaller penny would cut those costs per penny by a fair amount? (employees would still have to move the same weight of "coin sheets", coin blanks, and final coins so employment cost wouldnt change.)

The 2014 annual report can be found here

http://www.usmint.gov/downloads/abo...alReport.pdf

Graph of the seigniorages by denomination for each year by denomination from 2006 to 2014 is on page 9. Loss on cents in 2014 was $53 million.

On page 10 it shows where they lost 67 cents for every $1 in cents issued.

Page 11 gives you the cost of materials. Material cost for each cent was 1.43 cents per cent.

Looks like the 1.8 cents apiece I mentioned earlier was from the 2013 report. They've managed to reduce it again down to 1.66 cents apiece.

A 1909 S VDB in gold and 1914 D in silver might be interesting. Do up the dies as close to the originals as they can.........

The 9/10's doesn't have anything to do with tax. As I recall, it originated from two early gas stations having a price war. If you google it, I'm sure it will come up.

Thanks "Conder", I remember now there is a large 2014 report available. Stirring my gray cells more (or is that "cell"?) I realize that as JBuck said, the labor cost is way beyond my 550,000 guess.

The fact that gasoline prices end in .9 cents has nothing to do with taxes at all. It is merely to make gas look cheaper, as you say 39.9 looks less than 40.

If there were no taxes on gasoline at all the prices would still end in .9 cents (or .xx9 dollars. It is totally a marketing gimmick and the sales total in rounded off to the nearest cent regardless of taxes. Gasoline is one of the few products sold in the US at a displayed price that includes all taxes.

As for your PDF issues, you can install a newer version of Adobe Reader and still maintain your older version of Acrobat. Just pick one or the other as the default and open other version files using the "Open With" right-click option or open it within the application. Just like rounding, it is very simple and people do it all the time.