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 Replies: 46 / Views: 5,930 |
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Valued Member
United States
363 Posts |
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No - it's already torn apart!! You're right... maybe a 30˘ coin would unite us again  |
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Moderator
 United States
54282 Posts |
Worn aluminum coins look terrible, but still better than rotten Zincolns.
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Rest in Peace
10197 Posts |
Control over the masses is the reason for cashless societies. It is one of the prime tenets found within the "Communist Manifesto" as originally designed by Karl Marx and George Engles, who based their whole "philosophy" on economic principles. One was to do away with cash, the other was to extend credit dependencies to create "equality" as directed by a central bureau... Hummmmmm....anybody else have any happy thoughts?  |
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Pillar of the Community
7234 Posts |
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Control over the masses is the reason for cashless societies. Cashless societies do not bother me as much as NK flying missiles over Japan! My daughter and her Marine husband are stationed in Okinawa. Been there for his 3 year Deployment. Coming home to the states in California within the next 6 months! Edited by Mark1959
08/29/2017 11:34 pm
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Bedrock of the Community
 United States
12477 Posts |
Back to the expirement, I have considered doing one as well but with a Zincoln buried in the ground. I see one thing lacking from your expirement, though, and that's a "control" 95% copper cent for comparison under the same conditions.  In Memory of Crazyb0 12-26-1951 to 7-27-2020
In Memory of Tootallious 3-31-1964 to 4-15-2020
In Memory of T-BOP 10-12-1949 to 1-19-2024
Edited by spru
08/30/2017 6:59 pm
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Pillar of the Community
United Kingdom
2624 Posts |
Strange you use zinc. The British penny is similar size and value. We use steel in a thick copper plating.
We have no such problems regarding corrosion.
I agree there isn't much utility in these coins though.
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Bedrock of the Community
United States
10038 Posts |
@Carzyb0  People forgetting history will end up repeating its mistakes...and we are... As to the penny being gone... I absolutley hate the idea, but for no logical reason. Therefore I also think it would be best if it was gone. I still would like to see everything assigned a higher value to keep the current system in place. A new style penny would be an old style nickel etc. Then put the system back on a PM basis to kill inflation. But this would strip those in power to make money out of think air from their power. THAT will not happen. Two brothers named Kennedy were all for this, and pushing for it enough to have red sealed bills made. 'Somehow' both became victims of the same despicable crime. |
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Pillar of the Community
United States
3471 Posts |
Perhaps the mint should start making 1 cent coins from ice. They'll last almost as long as a zincoln and won't be as ugly as they waste away. Waters pretty cheap so there may be a cost savings too.
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Pillar of the Community
United States
997 Posts |
While nothing will ever be done until the elimination of all coinage, I think elimination of the penny now and followed shortly by the nickel and quarter, matching up with a reduced size half dollar would pretty much take care of things.
Round to the nearest dime. A smaller half (roughly the size of the current nickel) and maybe even reduce the size of the dollar coin and coinage in the USA can be served by 3 coins.
The dime is worth about what a penny was in 1960, the half dollar buys about what a nickel did then and the dollar about what a dime did.
Just be thankful we are not in the UK! 8 circulating coins (1, 2, 5, 10, 20, 50 Pence, 1 and 2 pounds) and the Pound being worth not a whole lot more than the Dollar makes for a full change drawer.
The alternative is revaluing the dollar by a factor of 10 to make it approximate the 1960 dollar. While this would never happen of course it would make coins relevant again.
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Bedrock of the Community
United States
17884 Posts |
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Pennies are the easiest for a beginner coin collectors to collect. The dime today is cheaper (lower purchasing power) than the cent was when I started collecting. So it would be no hardship for new collectors today to start with dimes. Quote:
Half of a cent in 1857 is worth 13 cents in today's money. I'd say closer to 25 cents. Quote:
But this would strip those in power to make money out of think air from their power. THAT will not happen. Two brothers named Kennedy were all for this, and pushing for it enough to have red sealed bills made. The red seals were made because there was already a law on the books that greatly predated the Kennedy brothers that required a certain amount of United States Notes (red seals) to be in circulation. The number had been dropping and the 1966 red seal hundreds were intended to bring it back up to the required amount. The red seals were also a case of creating money out of thin air. Only difference being that in this case the government was creating the money and not the Federal Reserve. Are you suggesting the Kennedy's were killed by the Federal Reserve? That would be a new conspiracy theory. In any case the requirement to maintain a specified balance of United States Notes was legislated out of existence a few years later. Kennedy signed the authorization to print the red seals, but he had nothing to do with bringing them about. |
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Moderator
United States
188660 Posts |
2006 just called and wants to know why we are still minting cents and nickels.  |
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Rest in Peace
United States
17900 Posts |
 Never used that emoji before but you got that one - JBuck. Why is it hard to figure out why they use zinc. What states mine zinc will give you the answer. |
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Bedrock of the Community
United States
10038 Posts |
Revaluing the dollar by a factor of 10 is a good idea, but only kicks the can down the road further if PM is not re-instituted.
I won't hold my breath.
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Moderator
United States
188660 Posts |
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Never used that emoji before but you got that one - JBuck. I aim to please.  |
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Bedrock of the Community
United States
17884 Posts |
I'd revalue it by 100 kicks it a lot further down the road. Returns the purchasing power of the dollar to what it had at the turn of the 20th century. A factor of 10 only takes us back to the 1960's.
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Replies: 46 / Views: 5,930 |
First Page
Posted 08/29/2017 10:30 pm
