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 Replies: 24 / Views: 3,250 |
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Rest in Peace
United States
18456 Posts |
It's probably going to happen sooner or later when the U.S. Mint will stop making the Lincoln Cent for good. In my opinion I think 2017 will be the last of the business strike Lincolns. After that the mint will probably strike proof and maybe special unc. cents for collectors only; for many years to come.  |
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Pillar of the Community
United States
3054 Posts |
Just curious, why do you think 2017? Do you think there is something on the horizon to replace it other than the chatter of just dumping the cent altogether. For me, I'm not sure when it will take place.
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Pillar of the Community
United States
6130 Posts |
I'm going to say 2035, at which the Mint will cease production and begin distributing M&Ms so that cashiers can placate customers who are upset over losing 2 cents to rounding.
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Moderator
 United States
187446 Posts |
2017. New presidential administration, new congress. Why not? I think the cent will live on as NIFC for many years to come. Again, why not?  One could only hope that the NIFC cent is bronze.  |
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Pillar of the Community
United States
562 Posts |
Quote:
I think the cent will live on as NIFC for many years to come. Again, why not? ^ This I think we'll see the circulation strikes end in ten years or less, but the Mint has a opportunity to make NIFC Lincoln cents, thus negating the "heritage" argument some have towards ending the cent. |
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Moderator
United States
187446 Posts |
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Pillar of the Community
United States
996 Posts |
I am not a big fan of NIFC coinage at all. I think the Mint should stick to making circulation coins. Proof Sets should be just that, first strike circulation coins.
With that said, even if a new administrations wants to eliminate it the cent will be here a while. With the current political climate, real change to our change is going to be debated endlessly and eventually nothing will happen. Unless there is a fundamental change with both houses of Congress and the President of the same ilk and they have it in mind to eliminate it, the zinc lobbies will press for continuation. They have enough money to spread to keep the cent around, even though it has been unnecessary for years already.
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Valued Member
136 Posts |
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Pillar of the Community
United States
4085 Posts |
2109. Two hundredth anniversary of the Lincoln Cent. The mint will produce 365 special editions, one per day, depicting a day in the life of Lincoln. Yes, I am joking. [edited to "correct" autocorrect] Edited by KenKat
08/13/2015 4:19 pm
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Moderator
United States
187446 Posts |
Quote:
With that said, even if a new administrations wants to eliminate it the cent will be here a while. With the current political climate, real change to our change is going to be debated endlessly and eventually nothing will happen. The dollar coins went NIFC by executive order, the same could happen with the cent.  Quote: 2109. Two hundredth anniversary of the Lincoln Cent. The mint will produce 365 special editions, one for day, depicting a day on the life of Lincoln.  I hope not.  |
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Pillar of the Community
United States
819 Posts |
i heard that it cost like four cents to make a penny. and there were thinking of going back to steel coated with zinc.
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Moderator
United States
187446 Posts |
Not quite four cents. Regardless, if even if the material were free it would still cost more than a cent to make a cent. Plated steel would be futile. Plastic would be futile. Kill the cent!  |
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New Member
United States
29 Posts |
In my own opinion. Get rid of it. Being a cashier at a local gas station I see no need for cents and most people don't even like getting them, they all go into the "grab a penny" tray.
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Pillar of the Community
United States
711 Posts |
I would rather see us simply revalue our currency again. Recall all the notes and revalue them at 1/10th the old value for the new value. Keep the coins as is and let those change jars / coin collections enjoy the 10x gain. To the hoarders of coins go the spoils. In a base 10 / decimalization system, you need to have a coin for the smallest unit of value to whatever decimal place is agreed upon. You can get rid of the cent and make the dime the new cent (and the reason for my 1/10th / 10x figures above). Prices would then be only listed with one decimal point, kind of like how when we got rid of the Half Cent we wouldn't need to list a price with three decimal points. All of this is irrelevant though. With the currency wars moving into high gear, the flaw of national central banks / monetary authority will be exposed and instead of returning to specie backed money, we will have a global fiat currency. Me, I'd rather return to specie backed money and eliminate the Fed and FDIC insurance and just let banks fail based on their own merits and take their foolish depositors down with them, but that will never happen without a bloody revolution. A realistic solution is to eliminate national currencies and issue a world currency. It is going to happen eventually. It is the only solution to the currency war that doesn't involve actual physical war. As for what year the Lincoln Cent becomes non circulating, I hope never, but I'd guess 2020 - 2025, right around the time the government needs to either default on social security payments or devalue the dollar. Edited by BuckeyeCoinGuy
08/13/2015 6:47 pm
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Valued Member
260 Posts |
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Valued Member
Canada
488 Posts |
It will probably be a while cause that's America and
Politics are slow. There likley will be some crazy people who believe the penny is a patriotic right. Fin235 dont forget its rounded so you don't really loose out. It likley evens out. And for the people who feel like your being cheated. just over pump your gas by 2 cents every time. You'll be rolling in savings as that gets total is rounded back down.
I was born and raised in the states and now live in canada and can tell you people got used to it fast. Even though it created a stir.as a collector it pains me to say. It works!
That said. 2029
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Replies: 24 / Views: 3,250 |
Posted 08/13/2015 11:23 am
