End Of The Penny?

I think it will probably eventually happen,but wish it wouldn't.

1 Cents/pennys are my particular favorites,US as well as World.

:)sn31.

I voted no. The British pound is still one of the strongest, highest-valued currencies around. Britain still had half pennies until the 1980's.

The Americans should definitely get rid of their 1 cent coin first.

I think Britain will adopt the euro before the penny disappears.

Banjax

Maybe the 1c Euro in other country didnt circulate them only in mint set very tricky got to buy a mint set to complete the series others like ireland circulate all and maybe it helps other countries that dont circulate the 1c Euro.

GB can also do that to limit the minting of penny for It has a vast number of penny in jars all over GB home I think, including brougt by tourist to their own country coming from holiday.

Limit the minting in 2007, for minting one is expensive not only the question of its value for know or issue in mint set like other Euro country did, for GB has a reserve from other previous date.

Here is one good site on EURO

http://www.eurocoins.liesemeijer.com/Issued.html

Quite complicated for me.

Is this the cost of producing coins with copper.

For there always a news those 3 countries will pull out their cents or pennies.

Or cost of living or purchasing power or GB penny and US and Euro cent.

Or the market or silver and gold against Pounds,Dollar ans Euro.

Many people will not be happy if those goverment will do that, for me they will do that if the effect of cutting those denominations are already felt by the consumers.

The thing is how long the next denomination will hold for their are in the news that nickel is next, just speculating, and I find it very difficult to understand.

Yes you are right NUMUK.


They are all plated use in circulation some bronze in mint set even silvers in GB penny.

So the use of copper in coins is okay but producing one is more expensive than before GB and US both countries warn people not to melt coins in GB the pre 1992 penny and the US on cents even limit the exporting of coins both copper and nickel.

Again speculating that the used of copper is long overdue for they change the coin in copper plated and the next will be nickel for most of the higher denomination have nickel,

Now what will be the effect of that on coins and its value if minting of coins in higher denomination is more expensive than before.

Does it affect its value for the shortage of metals for industrial use or are we short of metal that goes down to nickel.

Is the shortage of metal affect the value of coins or currency of one country?

Or it has same purchasing power but in different metals?

As I understand if the denomination change to lower form of metal the value of the currecy of one country also lower.

Or maybe because of inflation that penny cant buy unlike befor just like what the article said,so for me the value of penny is long overdue but taking them out in circulation will create inflation or rounding up of prices and the next denomination dont know if it will hold long.

It will have a greater effect if the US cents will withdraw their cents and nickel for they are a international currency it will affect the world I think.

Now who will shoulder that and take the blame for it?

If it will come it will.

Any teacher on value of metals effect on coins and currency,trade deficit and world economy?

I find it very difficult I think some people are hiding something.

I could never see a british euro coin without the standard monarch's portrait on it!
well they would definatly have it on the 2,1, 50c, 20c and 10c coins! maybe not the 5,2 and 1 cent coins. Something similar to the dutch euro coins.