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 Replies: 130 / Views: 12,817 |
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Moderator
 United States
189053 Posts |
Quote:
the mint is the reason that congress couldn't get rid of the cent so far. they refused to stop making it. I believe you are in error. The mint makes them because the Federal Reserve orders them. The Fed orders them because their banks order them. The banks order them because their (commercial) customers demand them. The customers demand them because they hand way more out in change than they ever get in return. If the mint was not selling them to the Fed, they would not mint so many of them (if at all, expect maybe as an NIFC collector offering). The mintage is set by demand. The demand for the cent is artificial. We are either too incompetent to use the ones we get on future purchases or we think they are worthless (relegating them to the trash or change jars). Either way, the cent is a useless waste of our obviously limited resources. |
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Pillar of the Community
United States
979 Posts |
"Fortunately, I have a plan.  " lol, this is a great post. I'll start by hoarding the coppers! |
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Pillar of the Community
United Kingdom
837 Posts |
Quote: Fortunately, I have a plan.  Quote:
The time to act is now. We need to acquire every cent roll and box available to us. I would like to get every single one. Empty every bank within reach.
Yes ! I can see it now , picture the headline : The country is under siege from CCF memebers who are heck bent on stripping the country bare of all pennies !   Quote:
Assuming all goes as plan and the cent ends production, we now control the largest hoard of unsearched cent rolls (no peeking). We make them available to the masses, for a fee of course This was the best part ! For a second there I thought I was reading the plot from a James Bond movie ! Quote:
Who is with me? Best plan I have heard all day Edited by DaytR
10/25/2013 1:03 pm
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Pillar of the Community
 United States
2368 Posts |
Excellent plan, jbuck...  We need to pull every last wheat and Indian Head from circulation! If we let them naturally and gradually disappear from rolls, it will be too late! We penny roll searchers are on borrowed time! Sooner or later, the penny will be canceled and rolls and boxes will be hard to come by. I'm with you jbuck! Now it is our mission to collect all antique pennies. All wheats must be destined for our collections, not the melting furnace or landfill! Hoard very single one! Pledge that you will do so too! My lifetime goal is to get as many date and mintmark combinations before the wheat is gone! It is urgently important now. |
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Moderator
United States
189053 Posts |
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All wheats must be destined for our collections, not the melting furnace or landfill! I keep all 1982 and earlier cents for this reason. Not for melting or profit, but for future generations of collectors. I also keep all AU+ Zincoln cents as well (anything less is doomed to self destruct). |
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Pillar of the Community
United States
2368 Posts |
This is the official beginning of the:
Cent Reclamation Movement (CRM)
Everyone, get very last wheat you can find! Here are only some of my finds that have been rescued from circulation and the eventual discontinuation of the cent:
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Pillar of the Community
United States
2368 Posts |
Here are the pics, only a few hundred, we can do better as a team!  |
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Pillar of the Community
United Kingdom
837 Posts |
Awesome !  |
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Pillar of the Community
United States
2368 Posts |
There could still be rare dates out there floating around in rolls and change jars. CRHers on this forum have found 1930-D, 1926-S, 1922-D, and other scarce types of wheats. My rarest from a roll is 1935-S. We can't have these antique coins being destroyed! Rarities are out there, just waiting to be discovered by CRHers. Go CRM!  |
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Moderator
United States
189053 Posts |
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Here are the pics, only a few hundred, we can do better as a team! Nice group. |
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Pillar of the Community
United States
3843 Posts |
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I keep all 1982 and earlier cents for this reason. Not for melting or profit, but for future generations of collectors. I also keep all AU+ Zincoln cents as well jbuck, You must have quite the hoard of Lincoln cents accumulated! I've heard of some collectors that have hundreds of thousands of wheat cents in their hoards. Must take up a ton of space. Edited by Joe2007
10/26/2013 02:22 am
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Pillar of the Community
United States
2368 Posts |
Fortunately, the discontinuing of the penny probably isn't that high on the government's priority list with all the other issues facing the country. Even if it is seriously discussed Congress will disagree about it for far too much time.
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Pillar of the Community
United States
602 Posts |
I'll hoard any penny I find, regardless of design or metal content.  Edited by YoshiRules
10/26/2013 2:32 pm
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Valued Member
United States
140 Posts |
+1 to the plan. I hoard my wheats no matter what year, currently have a collection of 350
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Bedrock of the Community
Canada
11922 Posts |
I'm with YoshiRules on this, I keep every penny, and not just because I live in Canada. My Wheat cent collection has a large number of 13 coins in it |
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Replies: 130 / Views: 12,817 |
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Posted 10/25/2013 12:42 pm
