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 Replies: 54 / Views: 4,853 |
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Bedrock of the Community
United States
19184 Posts |
I've said it before--think bartering. Hoard your chickens and alcoholic beverages. Will be worth much in the post-apocalyptic world.
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Bedrock of the Community
Australia
21788 Posts |
If the U.S. Mint wants to lower the cost of production of Cents even further, metal coins could be replaced by coins made of injection molded plastic.
Quite a few countries around the World have been issuing plastic banknotes for more than 10 years.
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Pillar of the Community
United States
1277 Posts |
@sap sure but the exponent is less than 1
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Valued Member
 United States
425 Posts |
What I also find amazing is in the last 10 years these are the P and D minting figures of Lincoln cents.
2022 - 1442.00M This is all the pennies they minted this year, wow. Something is up?
2021 - 7908.62M
2020 - 7908.62M
2019 - 7040.40M
2018 - 7803.20M
2017 - 8634.02M
2016 - 9118.40M
2015 - 9365.30M
2014 - 8146.40M
2013 - 7070.00M
Is there a phasing out of pennies going on.Tune in next year.
Something is going to happen because in May of this year is the 100th anniversary of the dedication of the Lincoln Memorial.
Edited by SaturnD51
04/02/2022 6:55 pm
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Moderator
 United States
188990 Posts |
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If the U.S. Mint wants to lower the cost of production of Cents even further, metal coins could be replaced by coins made of injection molded plastic. I doubt that would help. Putting materials and production aside, the handling logistics alone make the cent a loser. This new plastic production process would have to be almost free itself, and I doubt it would be economical considering that play money pennies sell online for about $3 per 100.  Give it up, people. Maintaining a circulating cent is needless waste.  |
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Moderator
United States
188990 Posts |
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2022 - 1442.00M This is all the pennies they minted this year, wow. Something is up? I believe that is only two months. March just closed out and I doubt it has been updated with complete Q1 totals. Looking at the other denominations compared to last year, everything is projected to be down this year if that is a full Q1 total. Assuming it is only two full months, that gives 8652 million cents; more than enough to match the recent trends. However, if those are full Q1 totals, then everything is going to be low this year. |
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Bedrock of the Community
United States
19963 Posts |
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Give it up, people. Maintaining a circulating cent is needless waste.  The bureaucrats in D.C are idiots. I'm willing to bet if any of them dropped a cent they wouldn't bother picking it up - like the other 99.99% of the population. With the record inflation served-up by our current ineptocracy - the cent has lost all purpose and only serves as a relic to the past. Edited by BadThad
04/03/2022 02:35 am
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Valued Member
United States
425 Posts |
You are right jbuck. Duh I never thought of that. Crap, here I was thinking it is a low production for Lincoln cents. Well that is out of the picture now,crap again. Thanks for reminding me.
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Moderator
United States
188990 Posts |
No problem. We are all in this together.  |
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Moderator
United States
96837 Posts |
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Give it up, people. Maintaining a circulating cent is needless waste. Yup and as I said, I hope they stop circulating cents and just move on to NIFC cents made of copper or bronze for collectors to maintain their collections and to memorialize the Lincoln Cent so to not be forgotten. Edited by Dearborn
04/04/2022 10:34 am
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Moderator
United States
188990 Posts |
Quote: I hope they stop circulating cents and just move on to NIFC cents made of copper or bronze for collectors to maintain their collections and to memorialize the Lincoln Cent so to not be forgotten.   Just remember those 2009 bronze cents and imagine all future Lincoln cents that way.  |
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Bedrock of the Community
United States
19963 Posts |
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Just remember those 2009 bronze cents and imagine all future Lincoln cents that way. Hopefully they kill the stupid shield design before that happens - one ugly coin compared to some of the other proposed designs at the time. Lincoln Cent Lover!VERDI-CARE™ INVENTOR https://verdi.care/
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Moderator
United States
188990 Posts |
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Hopefully they kill the stupid shield design before that happens I actually like the shield.   How about a compromise... higher relief on both sides of the cent! Maybe some depth would give the shield more spice. |
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Pillar of the Community
United States
636 Posts |
I am all for the NIFC cents. Get rid of the waste.
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Pillar of the Community
United States
2272 Posts |
Nice thing about NIFC cents is they could give them away free post paid up to twenty to a customer and still save millions and millions of dollars.
and just add a little handful to every order and still be millions ahead.
Time don't fly, it bounds and leaps.
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Replies: 54 / Views: 4,853 |
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Posted 04/01/2022 09:32 am
