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 Replies: 54 / Views: 4,852 |
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Moderator
 United States
188990 Posts |
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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. I like this idea.  |
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Valued Member
 United States
425 Posts |
BadThad you are right. That shield design has got to go. I am afraid to look it up why they used the shield for the coin. If they fix the design and make it last in circulation, ok by me. I just thought they were getting rid of the money losing penny.
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CCF Master Historian of USA Commemoratives
United States
12286 Posts |
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Actually, they don't have to make a profit to exist. They use our taxpayer money to make money. This is incorrect. The US Mint does not receive any appropriations (i.e., taxpayer money). It is a self-funded agency that derives the funds it needs for operating expenses (including the production of one cent coins) and any profits it generates from seigniorage on circulating coins, sales of numismatic coins/products and sales of bullion coins. You can read more about it here: - "Numimismatic Item" DefinitionCollecting history one coin or medal at a time! (c) commems. All rights reserved.
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Bedrock of the Community
United States
19963 Posts |
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I am afraid to look it up why they used the shield for the coin. The deciding committee of fools thought the other designs portraited America as "aggressive" so picked the shield since it's seen as "defensive". It had nothing to do with aesthetics or anything else as I recall. The eagle designs were beautiful and they killed it for being to "aggressive". IDIOTS! https://www.numismaticnews.net/arch...lincoln-centLincoln Cent Lover!VERDI-CARE™ INVENTOR https://verdi.care/
Edited by BadThad
04/06/2022 12:22 pm
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Valued Member
United States
217 Posts |
I wish they went with one of the Capitol designs.
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Valued Member
United States
187 Posts |
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Valued Member
United States
425 Posts |
Once again we are hit with another unfounded rumor based on a spurious source. The one thing true is that inflation is, at its' root, caused by our greed. But then greed is the source of a lot of the problems of the world along with ignorance as in the start of this tread and good old fashioned stupidity and laziness, or unwillingness to fact check. Now, back to the popcorn...  Edited by Erscolo
04/08/2022 2:21 pm
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Bedrock of the Community
United States
17884 Posts |
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I am afraid to look it up why they used the shield for the coin.
I think another reason they used it is because it is very reminiscent of the shield design that was used on some common civil war tokens, another link to Lincoln and the time of his Presidency. |
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Valued Member
United States
366 Posts |
Frankly speaking, greed is a good thing. That's what capitalism is based on. Imagine not being able to get a loaf of bread because the "greedy baker" wouldn't bake it for free. Or, you couldn't get meat or vegetables because the "greedy farmer" wouldn't give it away at cost. Or, you couldn't get your car fixed because the "greedy mechanic" wouldn't fix it for free, and so on and so on and so on........... That being said, I understand that greed like anything else can be abused.
Edited by Alpha33
04/11/2022 2:30 pm
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Replies: 54 / Views: 4,852 |
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Posted 04/05/2022 09:09 am
