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 Replies: 14 / Views: 1,234 |
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Valued Member
United States
96 Posts |
I would like to hear your opinions on possible reverse designs for the post 2009 Lincoln Cent. Here is the quote from the 1-cent coin redesign act: "The design on the reverse of the 1-cent coins issued after December 31, 2009, shall bear an image emblematic of President Lincoln's preservation of the United States of America as a single and united country." To me this sounds like the design will be civil-war era related such as the Gettysburg Address or the Emancipation Proclamation. Personally I would like to see the wheat ears resurected, but that is a long-shot. |
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Pillar of the Community
United States
4867 Posts |
It would be interesting to see what would happen if the cent was discontinued or having significantly low mintages and we just use the trillions of cents already in circulation. Or if the cent is was to be discontinued it could be included exclusively in mint sets and not for general circulation. I often wonder how long we could use the existing circulating cents before we notice and shortages.
Edited by TheForce
04/05/2007 2:55 pm
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Valued Member
United States
194 Posts |
Found this, and thought it would help get a good picture of what the designs will look like: quote:
The Presidential $1 Coin Act of 2005 requires that the cent's reverse be redesigned in 2009. This will result in the mintage of four different coins showing scenes from Abraham Lincoln's life in honor of the bicentennial of his birth.
These four scenes include:
birth and early childhood in Kentucky
formative years in Indiana
professional life in Illinois, and
presidency, in Washington, D.C.
Phoenix  |
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Valued Member
United States
342 Posts |
Phoenix, He's talking about the design AFTER the 2009 cents.
Its going to be tough to come up with a meaningful design on such a small coin.
Edited by Dockwalliper
04/05/2007 3:23 pm
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New Member
United States
26 Posts |
I guess we can all say the cent is a unique, yet mysterious coin, lol.  |
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Pillar of the Community
United States
1173 Posts |
I think the reverse could be a ghost-busters circle with slave's shackles inside and E Pluribus Unum around the periphery. (Now you know why they don't let me disign coins. LOL)
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Pillar of the Community
United States
1327 Posts |
I think they will no longer be made. that will be the last year of the 1 cent. they will stat the cost is to much for these.
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Pillar of the Community
United States
4867 Posts |
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Valued Member
United States
393 Posts |
I can't imagine why they would continue making the cent after 2009. Some countries eliminated theirs years ago. They are so worthless they're just not practical anymore.
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Valued Member
United States
194 Posts |
quote:
Phoenix, He's talking about the design AFTER the 2009 cents.
Its going to be tough to come up with a meaningful design on such a small coin.
Oh, I'm sorry. I guess I misread it. Sorry. Phoenix |
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Valued Member
United States
206 Posts |
removing the cent as a valid currency option is problematic for several reasons. all costs will be rounded up to the nearest 5 cents - my state's sales tax is 5% - if my total costs at the store are $9.25, instead of costing me $0.46 in tax, it will now cost me $0.50. I just lost 4 cents. if goods cost $1.63, they now cost $1.65 - you just got screwed out of 2 cents.
if you want to round up all your purchases to the next 5 cents, please do so and then send me the overage - I could use the money.
the 1 cent piece is still a valid denomination of currency. in the future the coin will most likely be a ceramic or plastic material that is cheaper to produce.
-da baron
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Pillar of the Community
United States
834 Posts |
In my opinion the cent is going to be here in 2010 and after, plus the reverse will be the same there will be no change that is only my opinion and others may think differently and they will.
Bruce.
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Pillar of the Community
United States
2269 Posts |
I agree with Bruce's prediction, the cent will be around after 2009. The reason I believe this is the speed congress takes to get something done. If the house introduces a bill today eliminating the cent, it will take at least a year to make that decision. Then congress will set a time-line that will be at least 3 to 5 years away. Unless congress becomes efficient in the next year or so, I don't see the cent being eliminated in 2010.
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Pillar of the Community
United States
819 Posts |
I think the one cent coin will still be around in 2010, but I have serious doubts that it will continue to be copper; perhaps a copper looking alloy of some type that is worth next to nothing to make it a viable entity in the exchange of commerce to avoid the "rounding" problem laid out above and circumvent the smelters from reducing the coins to bulk. Copper is also one of the reasons it costs so much to make the coins
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Valued Member
United States
342 Posts |
all costs will be rounded up to the nearest 5 cents
This seems to be a popular misconception. The totsl cost of your purchase would be rounded to the nearest 5 cents. So totals ending with 3,4,8,9 would round up 1,2,6,7 would round down. The results would be a wash. This is how it works in countries that have eliminated their "cent" coin.
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Replies: 14 / Views: 1,234 |
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Posted 04/05/2007 3:16 pm
