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Lincoln Cents

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Author Previous TopicReplies: 37 / Views: 3,310Next Topic
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Pillar of the Community
United States
2600 Posts
 Posted 02/11/2007  12:52 pm  Show Profile   Bookmark this reply Add Jim1953 to your friends list Get a Link to this Reply
Markn, I do not think there was any suggestion that eliminating the cent was going to cause the collapse of the U.S. economy. In the long run it may well be the correct thing to do. To believe that in the short term there would not be some adverse conditions is a little myopic. Every time I get a little full of myself, I put on my tin foil and march back to humility and I am hearing a drum beat.....Hup two three four.
Jim
Pillar of the Community
Australia
1295 Posts
 Posted 02/11/2007  3:51 pm  Show Profile   Bookmark this reply Add markn to your friends list Get a Link to this Reply
"To believe that in the short term there would not be some adverse conditions is a little myopic"

There may well be localized adverse conditions (ie your milk price may go up and you wont be happy about it). However Nationally I would be stunned if it even showed up as the slightest blip. It certainly didn't here or in the UK or the EU.
Pillar of the Community
United States
2600 Posts
 Posted 02/11/2007  5:31 pm  Show Profile   Bookmark this reply Add Jim1953 to your friends list Get a Link to this Reply
Markn, I completely agree. Long term things will always find a correct balance. I have always been thing short term on this thread and I hope you are right, because it looks like it is coming whether we like it or not. Jim
Pillar of the Community
Australia
1295 Posts
 Posted 02/11/2007  5:41 pm  Show Profile   Bookmark this reply Add markn to your friends list Get a Link to this Reply
Hi Jim,

Well I think your country will be better off doing it. 5 years after the change you'll look back and wonder why you kept the cent for so long after all!

Mark
Valued Member
United States
439 Posts
 Posted 02/11/2007  5:51 pm  Show Profile   Bookmark this reply Add TSOTL to your friends list Get a Link to this Reply
I love my Lincolns but I think they should be phased out. It's just not needed anymore IMO.

At the same time they should just bite the bullet and do away with the paper dollar as well and use that extra space in cash registers where cents used to be for dollar coins.

Of course the politicians would be scared of losing a vote somewhere down the line so they'll never do it.
Valued Member
United States
288 Posts
 Posted 02/12/2007  12:54 am  Show Profile   Bookmark this reply Add gusp to your friends list Get a Link to this Reply
Keep it. Keep it. Keep it. Ya gotta admit they are cheap enough to actually collect. Just tell the mint to make less than 50 million or so, each of a different design. (Business strikes not bogus proofs at a profit). Perhaps change the reverses at the different mints instead of adding mintmarks. Put Geronimo or another Chief on the coin. Anything to make them more interesting and collectible. Goofy would make sense.

How many collectors out there got started as kids with the lowly cent? Who could afford more. Coin collectors should boycott all mint products if the Gov. dumps the cent.

My first Cherrypick was a 1955 DDO cent...Yes that one.. I was in first grade. It was 1959. I started in 1957... collecting cents. I am still at it.

Will my children and grandchildren be collectors?

Dump the politicians and keep the Cent.
Pillar of the Community
United States
560 Posts
 Posted 02/13/2007  6:40 pm  Show Profile   Bookmark this reply Add ichirensha to your friends list Get a Link to this Reply
You got it right triggersmob! This country can be so third world at times.
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