Coin Community Family of Web Sites Join Thousands of Coin, Bullion, & Money Collectors
Join Thousands of Coin, Bullion, & Money Collectors 300,000 items to help build your collection! Coin, Banknote and Medal Collectors's Online Mall Royal Estate Auctions - $1 Coin AuctionsSpecializing in Modern Numismatics Royal Canadian Mint products, Canadian, Polish, American, and world coins and banknotes. Vancouvers #1 Coin and Paper Money Dealer








Username:
Password:
Save Password
Forgot your Password?


This page may contain links that result in small commissions to keep this free site up and running.

Welcome Guest! Registering and/or logging in will remove the anchor (bottom) ads. It's Free!

2009 The New 1943?

To participate in the forum you must log in or register.
Author Previous TopicReplies: 22 / Views: 2,375Next Topic
Page: of 2
Moderator
Learn More...
jbuck's Avatar
United States
188660 Posts
 Posted 05/21/2008  6:38 pm  Show Profile   Bookmark this reply Add jbuck to your friends list Get a Link to this Reply
Ten gallons of gas at $3.999 per gallon will cost you $39.99, not $40.00. If we got rid of the cent and you paid cash, then it might be $40.00, or it might be $39.95 if the seller wants to offer an "advantage" that his competitors might not. Many gas stations discount cash payment now anyway. The world would not end if the cent were eliminated from cash transations.
Bedrock of the Community
United States
20753 Posts
 Posted 05/21/2008  7:10 pm  Show Profile   Bookmark this reply Add just carl to your friends list Get a Link to this Reply

i guess what keeps running through my head is that there may be some inconsistancies in metal mixture giving coins a natural difference in tone due to the batch of metal it was made from... I couldnt imagine they could melt and mix all of the metal needed for the billions of pennies they will mint in 2009 at once... so if its done in batches I expect to see some differences...

I don't know how to quote or even if there is one here. So I just copy and paste. As to the concern of metal mixes, it is no problem at all. If you notice the composition of almost all our coins they are presently a mixture. Take the 1959 cent. It is .950% Copper and the rest Zinc and Tin. If the amount of Tin or Zinc varies by a .001%, I don't think anyone would notice, care, complain or even wonder why. Metals everywhere are usually a mixture of different metals. Take your so called Stainless Steel. Look it up. There are virtually hundreds of variations in the mixture and no one even notices except doctors that require Surgical Stainless Steel.
If our cents were to be made of Steel and the mixture was not perfect, I highly doubt anyone would notice or care.
Now if they do change the composition of the cent and save us all millions and millions of dollars. OK so they do. Now just where does that money go? Do you think your income taxes will go down?
Moderator
Learn More...
jbuck's Avatar
United States
188660 Posts
 Posted 05/22/2008  10:49 am  Show Profile   Bookmark this reply Add jbuck to your friends list Get a Link to this Reply

Quote:
I don't know how to quote or even if there is one here.
Just put [ quote ] before whatever you want to quote, and then [ /quote ] after it. Do not put the "spaces" in there; I inserted them to prevent doing an actual quote!


Quote:
Now if they do change the composition of the cent and save us all millions and millions of dollars. OK so they do. Now just where does that money go? Do you think your income taxes will go down?
Once you give the government your money, they are reluctant to give it back to you. Unless their approval rating is down, then you might get a "stimulus check" to make you feel better.
Valued Member
ptb's Avatar
United States
128 Posts
 Posted 05/22/2008  1:40 pm  Show Profile   Bookmark this reply Add ptb to your friends list Get a Link to this Reply
Not to take sides but... Kurt is right. Frankly you would not see a difference at the end of the day, week, month, or year. Rounding would happen in both directions i.e., if your total bill on any purchase was 1.01 or 1.02 you would pay one dollar if it were 1.03 or 1.04 you would pay one dollar and 5 cents. In the end I believe you would see little difference in your out of pocket cost.
Moderator
Learn More...
jbuck's Avatar
United States
188660 Posts
Valued Member
Kilroy's Avatar
United States
76 Posts
 Posted 05/23/2008  12:52 am  Show Profile   Bookmark this reply Add Kilroy to your friends list Get a Link to this Reply
Interestingly, attitudes are already changing in regards to cents. Some stores have bowls sitting by the register with cents in them for customers to use as needed. I have seen patrons place their cents in the bowls as they leave, or tell the cashier not to bother with them. (Must not be collectors.) An indication of their lack of real and or perceived value. What substance could they be made of in order to remain at a lower manufacturing cost than face value with inflation continuing at present levels?
Valued Member
jeffreyice1's Avatar
United States
381 Posts
 Posted 05/23/2008  03:29 am  Show Profile   Bookmark this reply Add jeffreyice1 to your friends list Get a Link to this Reply
How many of you have a coin jar that all your change goes into at the end of the day? I do and my daughter raids it once a month and get at least $40.00 bucks out of it! And I would say 7 or 8 of it is in penny's! Add that over time and see if you agree. 80 Bucks a year in monies? Like a said before they should lower there cost.
  Previous TopicReplies: 22 / Views: 2,375Next Topic
Page: of 2

To participate in the forum you must log in or register.



    




Disclaimer: While a tremendous amount of effort goes into ensuring the accuracy of the information contained in this site, Coin Community assumes no liability for errors. Copyright 2005 - 2026 Coin Community Family- all rights reserved worldwide. Use of any images or content on this website without prior written permission of Coin Community or the original lender is strictly prohibited.
Contact Us  |  Advertise Here  |  Privacy Policy / Terms of Use

Coin Community Forum © 2005 - 2026 Coin Community Forums
It took 0.34 seconds to rattle this change. Forums