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Pillar of the Community
United States
1007 Posts |
The Lincoln Cent is here to stay. The company that produces the zinc for the coins has some very aggressive lobbyists in Washington. The American taxpayers will have to keep spending big bucks for corporate welfare for these now worthless small metal discs. We have enough dead Presidents on coins. Can't the US Mint come up with something else? I like Native Americans, Miss Liberty and wildlife so how about focusing on something new? The same goes for the $1 banknote. The one company that furnishes the paper for the bills lobbies to keep producing them. Got to get those lobbyists out of Washington. Edited by matchbox
04/04/2012 4:21 pm
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Pillar of the Community
Norway
510 Posts |
For comparison, Norway have just phased out the 50 øre coin. The value of this discontinued coin is currently between 8 and 9 US cents. Our lowest remaining coin, 1 krone, is worth twice that amount.
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Pillar of the Community
United States
1348 Posts |
I wish this would happen, but I think the penny will be here for a long, long time. sigh
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Moderator
 United States
187446 Posts |
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We've got a better idea than spending taxpayer dollars to engineer a cheaper penny. Get rid of it. And while we're at it, let's learn another lesson from Canada and start using one-dollar coins. Could not have said it better myself.  I am glad to see this getting some attention in the more traveled areas of the fourth estate. |
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Pillar of the Community
United States
1653 Posts |
My morning coffee and muffin costs $2.71 - I always say keep the quarter, I'll take the pennys! That's four cents a day I get to check for copper! Got a wicked nice 1944 LWC last week, so selfishly, I'm for keeping the cent! |
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Moderator
United States
187446 Posts |
To that I say, enjoy it while you still can! |
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Bedrock of the Community
United States
10045 Posts |
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For comparison, Norway have just phased out the 50 øre coin. I recently returned from a visit, where I seldom received the 50 øre in change, and seldom found reason to spend one. At some point, we need to cut through the politics and simply make pragmatic choices here in the US. |
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Bedrock of the Community
United States
20753 Posts |
I still think we should keep the Penny.
1.Most kids like them, collect them, play with them.
2. One of the most commonly used coins for wishing wells. 3. Many Zoos and Museums have machines that turn them into trinkets for kids. 43.Great to use for a tip with a waitress that gives you poor service.
5. Banks need them to give you that real low rate on your savings accounts.
6. Gives many people with little to do to have something to complain about.
7. Coin collecting companies that make Albums and Folders have to much invested in them to change.
8. To many songs that use the word Penny would have to be abandoned.
9. Most people in the USA are just to hard to make changes anyway so why bother. Remember the Metric System we were all going to be using in a few years?
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Pillar of the Community
United States
1796 Posts |
@ContraJame - I'm with HONDO. That's a good idea re: Lincoln. He deserves an upgrade. :-)
@just carl - Don't forget all of those chinks in national monuments that people keep shoving them in! .. No wait dimes work better for that. :-)
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Pillar of the Community
United States
1256 Posts |
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Great to use for a tip with a waitress that gives you poor service.
A penny on top of the tip means great service  |
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Valued Member
United States
57 Posts |
If the abandon the penny, I think they should bring back the 2 cent piece... 1. I would be cool 2. would only mean rounding of 1-2 cents 3. After almost a 140 year hiatus it would be cool to see it again 4. When people started saying we should phase it out we could go to the 3 cent piece, though I sadly doubt they will make one out of silver 5. My thoughts are worth at least 2 cents in this modern inflated age anyways. 6. It would be easier to throw in your Two Cents, if it only took one coin. |
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Bedrock of the Community
United States
17884 Posts |
1.Most kids like them, collect them, play with them.
And we all know that if there are no cents kinds will refuse to like, collect or play with nickels.
2. One of the most commonly used coins for wishing wells.
Without cents the most commonly used coin will be nickels, most likely resulting in an increase in income for the charities.
3. Many Zoos and Museums have machines that turn them into trinkets for kids.
Of course even though they aren't in circulation the sheer number available would allow the zoos and museums to supply cents for the machines (at say three for a nickel?) and get a little more profit.
4.Great to use for a tip with a waitress that gives you poor service.
I have no argument on that one, but I've never had service THAT bad.
5. Banks need them to give you that real low rate on your savings accounts.
This is true, try keeping more than a dollar in savings.
6. Gives many people with little to do to have something to complain about.
Believe me they will have no problem finding something else.
7. Coin collecting companies that make Albums and Folders have to much invested in them to change.
8. To many songs that use the word Penny would have to be abandoned.
Why?
9. Most people in the USA are just to hard to make changes anyway so why bother. Remember the Metric System we were all going to be using in a few years?
Well maybe if we stop the cent and show them that is really IS possible to actually change how we do something, maybe we can finally get that switch to the metric system accomplished. Especially since it may have to be forced on them the same way. Once we prove to them the world doesn't end from dropping the cent, maybe adopting the metric system won't end it either.
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Moderator
United States
187446 Posts |
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I think they should bring back the 2 cent piece... This will not work for the same reason why both the one cent and five cent coins need to be discontinued. |
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Pillar of the Community
Canada
3692 Posts |
justcarl: a shiny penny on a check here denotes GOOD service not bad service... but that could have something to do with geography... Reason being that it lets the manager see it from a distance...
Anyways, I say give Lincoln back his hat! Why is he hatless? period!
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Bedrock of the Community
United States
20753 Posts |
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justcarl: a shiny penny on a check here denotes GOOD service not bad service... but that could have something to do with geography... Reason being that it lets the manager see it from a distance... As previously noted, not on the check but on the tip. Yes that is a well practiced idea in many places but with the massive influx of people from Mexico and many doing waitressing, kind of a forgotten item. Quote:
4.Great to use for a tip with a waitress that gives you poor service.
I have no argument on that one, but I've never had service THAT bad. UNFORTUNATELY I have. In one place it took about 10 minutes to get waited on and only one other table of people in the place. Possibly why only one other table of people. Not even worth the Penny tip. |
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Replies: 20 / Views: 2,636 |
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Posted 04/04/2012 4:23 pm
