Should The Penny Stop Being Minted? - Page 3

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Author	Replies: 38 / Views: 4,369	Page: of 3

jbuck Moderator United States 188488 Posts	Posted 01/10/2012 12:50 pm If our coinage had really kept pace with inflation, we would be discussing the elimination of the dime in this thread (as the cent and five cent coins would have been long gone by now). Coin Collector Since 1978 Avatar Old Avatar 7070 Eisenhower Australia Canada World CCF Members on eBay CCF eBay Search Engine Report this Post to the Staff
f16 Valued Member United States 268 Posts	Posted 01/12/2012 07:20 am this poll is closed.If you want to cheek the reasults you can.Please no more voteing Report this Post to the Staff
wquinn Pillar of the Community United States 2295 Posts	Posted 01/17/2012 3:18 pm Even though the poll is closed, can we still post comments? In the NN of 1-10-12, on page 4, it talks about the "Cents and Sensibility Act" and the "STEEL Nickel Act" to reduce the costs of the cent and nickel by using steel. So that is positive news on keeping the cent for the future. It'll be interesting to see if the steel cent will have nice details on it or will it have less details since the steel is harder? They also state that it might not reduce the cost enough to make it profitable, since the Mint will still be using the same aging infrastructure. Report this Post to the Staff
Conder101 Bedrock of the Community United States 17884 Posts	Posted 01/17/2012 4:15 pm Even making them out of steel can't save the cent. It costs more than a cent to make each one not including the materials. Report this Post to the Staff
jbuck Moderator United States 188488 Posts	Posted 01/17/2012 5:58 pm Quote: Even making them out of steel can't save the cent. It costs more than a cent to make each one not including the materials. Correct. Which is why the cent (as a circulating denomination) has long overstayed its welcome. Coin Collector Since 1978 Avatar Old Avatar 7070 Eisenhower Australia Canada World CCF Members on eBay CCF eBay Search Engine Report this Post to the Staff
wquinn Pillar of the Community United States 2295 Posts	Posted 01/18/2012 08:55 am Maybe they should make the cents in China then? Or maybe a 2 cent piece the same size as the current cent? Edited by wquinn 01/18/2012 08:56 am Report this Post to the Staff
jbuck Moderator United States 188488 Posts	Posted 01/18/2012 12:37 pm No, and, uh, no! Coin Collector Since 1978 Avatar Old Avatar 7070 Eisenhower Australia Canada World CCF Members on eBay CCF eBay Search Engine Report this Post to the Staff
Coppertop Valued Member United States 275 Posts	Posted 01/19/2012 03:52 am Think about this guys, when I was in Korea, the highest bill was basicly $10 (1000) won and 100 and I think 500 won coins That's all I saw and that system worked fine. People paid their rent in big stacks of 10s basicly Edited by Coppertop 01/19/2012 04:06 am Report this Post to the Staff
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