2009-S VDB - Page 2 - Coin Community Forum

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Author	Replies: 29 / Views: 3,183	Page: of 2

GO Moderator United States 6563 Posts	Posted 05/15/2007 2:53 pm I was in Brasil for 3 months and they did away with the 1 Centavo. The system works a LOT smoother now. there never really is any rounding and everyone just accepts it and likes it a lot better too. Our society could do the same thing. we would just have to have taxes preset to never figure up cents into the variable. Report this Post to the Staff
Topher Pillar of the Community Canada 965 Posts	Posted 05/15/2007 3:09 pm Nelrak - This has been studied to death (just not in the US), and it's really quite simple, although you are right when you say that it works smoothly when the tax is built into the price. Australia hasn't had a one or Two Cent coin for quite a while, and everything they do is rounded either up or down. Long before they implemented, though, they did studies to see if it would impact the consumer, and found that rounding up occurred just as much as rounding down, and actually, slightly less. The other catch, is that only cash transactions are rounded, and any electronic transactions (such as payroll deposit, debit purchases, etc.) are not rounded. The penny's purchasing power is a fraction of what it used to be, and as much as I like the penny from a numismatic standpoint, it's time of practical usage is long gone. Report this Post to the Staff
ronaldb112 Valued Member United States 133 Posts	Posted 05/15/2007 10:05 pm Conder101: I have to check our US Senator, but I think the orginial composition was meant for only S proof coins in 2009, & BUSH has a few hundred+ other issues to also resolve. Ron (RONALDB112) Report this Post to the Staff
Conder101 Bedrock of the Community United States 17884 Posts	Posted 05/16/2007 08:00 am From the legislation. quote: SEC. 304. NUMISMATIC PENNIES WITH THE SAME METALLIC CONTENT AS THE 1909 PENNY. The Secretary of the Treasury shall issue 1-cent coins in 2009 with the exact metallic content as the 1-cent coin contained in 1909. It does not specify just the proof coins, and I would consider that the Satin Finish mint set coins could be considered "Numismatic pennies". It also says that they shall issue 1 cent coins with the same 1909 composition, but it does not say that they shall strike them ONLY with the copper composition. So they can, if they choose, strike them in both compositions. It does not say they can strike copper for circulation. They may have only meant for it to be on the proofs, but the way the law is written leaves the mint's options open. Report this Post to the Staff
Rigoletto Valued Member United States 287 Posts	Posted 05/16/2007 08:23 am I want a 2009 s VDB ! Report this Post to the Staff
Conder101 Bedrock of the Community United States 17884 Posts	Posted 05/16/2007 09:16 am So get yourself a 1909 SVDB and counterstamp a 20 over the 19. There you go! Report this Post to the Staff
Nelrak Pillar of the Community United States 974 Posts	Posted 05/16/2007 1:58 pm Thanks for the update...learn something every day! Report this Post to the Staff
alkoz Valued Member United States 146 Posts	Posted 05/30/2007 6:38 pm I think the 2009 S VDB idea is great!!!I would to have that in my pocket. Report this Post to the Staff
CPChicago Valued Member United States 185 Posts	Posted 06/01/2007 10:29 am That sounds exciting - an update to the penny, even for a year, would be nice. They make hundreds of millions and I can't see them ever being worth a thing (except those rare varieties, of course). Report this Post to the Staff
ACTF_ZETT Valued Member United States 52 Posts	Posted 06/01/2007 4:20 pm OK question for you, one of the designs is slated to reflect his birth... Does this mean it will have a picture of him on the coin as a baby? If so did Lincoln have a beard the day he was born? Will he be wearing a top hat? Will it be of Mrs. Lincoln giving birth to him? That may be a popular coin. LOL. 4 designs in one year. This is already stressfull with the Presidential dollar series 4 designs a year. It is starting to get annoying though, I think they are going a little overboard with too many designs. Report this Post to the Staff
scoutjim99 Pillar of the Community United States 4589 Posts	Posted 06/01/2007 5:43 pm can you imagine the mint and proof sets for that year . with all of the lincolns and the dollars and the State Quarters if they extend them as well as as the Sacagawea, Rossie, and the Jefferson , and of course the Kennedy Report this Post to the Staff
biokemist6 Bedrock of the Community United States 12437 Posts	Posted 06/01/2007 5:52 pm quote: OK question for you, one of the designs is slated to reflect his birth... Does this mean it will have a picture of him on the coin as a baby? I assume it will depict his log cabin upbringing in Kentucky Report this Post to the Staff
teebo New Member United States 15 Posts	Posted 06/01/2007 6:00 pm I would hope they do not get rid of the penny. I think Americans love the Dollar bill and penny, kind of like we like our Big SUV's and Muscle Cars. It's what makes us American we are different. We haven't switched to the metric system yet! Report this Post to the Staff
drpepper Valued Member United States 96 Posts	Posted 06/02/2007 08:44 am Amen! Report this Post to the Staff
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