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 Replies: 21 / Views: 1,831 |
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Pillar of the Community
United States
1121 Posts |
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Pillar of the Community
United States
2520 Posts |
I'm getting tired of all these "Down with the Penny Campaigns"! Long live Lincoln!
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Pillar of the Community
 United States
1121 Posts |
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Moderator
 United States
187851 Posts |
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Valued Member
United States
292 Posts |
Although it is almost certain I will see the demise of the cent in my lifetime (unless something drastic happens) I will continue to collect and love these coins as they are one of the coins that started me collecting as a kid (along with half dollars for allowance) Long live the cent!
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Pillar of the Community
Poland
3201 Posts |
Stop minting the cents!  |
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Pillar of the Community
United States
3077 Posts |
they need to kill the dollar bill first
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Pillar of the Community
United States
5604 Posts |
Pro's and con's, why keep the cent, also why end the production of the cent?
I started collecting and purchased my 1st Whitman cent album, 1963, I know this coin has started many, many people on the hobby of coin collecting, I also know that there were bubble gum machines and all sorts of candy you could spend this coin on.I would also venture to say that there would be lots , and lots of people with no more coins to collect, or look forward to every year as they have for sooo long, this for some would probably be a good thing, with the mint having so much to choose from these days, for me I would like to still see this coin around every year. Things would also be rounded off to the nearest nickel, and basically many things would no longer exist. Some how not hearing the word cent as much anymore is going to be hard to adjust to, fuel prices, the psychological edge of hearing the .99 cents amount, thinking you are getting a deal, not being a dollar, lol.
I also feel the collection supply people are making a good living off things like the cent, i.e. the rolls, the albums, the literature, coin flaps, and tubes, etc. Keeping in mind the coin will not disappear, just not be minted anymore should this decision be made to not continue the production of the cent. Then again people like TOM would have to find another love, or get the chance to spend more quality time with the cents he already has, LOL. I am sure there are many more reasons for the pro and con for this decision, anyone else care to contribute?
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Pillar of the Community
United States
2734 Posts |
Quote:
yotie: "they need to kill the dollar bill first"
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Pillar of the Community
United States
2270 Posts |
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People are not using pennies. They are essentially litter." They are much worse than litter. Large amounts of litter can be collected fairly easily but you have to bend over or stoop down to scrap out a penny. Most litter is harmless and merely unsightly but zinc pennies which compose some 80% of circulating cents are toxic. They are toxic to pets and very young children and can be fatal. They are toxic in garbage dumps where vast numbers end up. But litter isn't a continuing economic drain on the economy. Someone throws a newspaper out the car window and it's virtually invisible after a couple of rainfalls and soon becomes just more mulch on the ground. But a penny is often taken to a store where people have to wait as it's counted and then it requires handling, transporting and rolling for reuse. If you throw the junk away you pollute the enviroment and they make another one to replace it that is a new drain on the economy and a new source of pollution. When you look at a well worn penny of the last 25 years you're not seeing a small amount of wealth you're seeing waste. It has caused great expense each time it was used. These coins should be recalled for proper disposal. If they just quit making them most will eventually end up in landfills. Yes, recalling them will cost money but every time a penny goes into the furnace is the last time it will ever hurt anyone or cost us all. Time don't fly, it bounds and leaps.
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Pillar of the Community
United States
1121 Posts |
morgans_dad, Quote:
Then again people like TOM would have to find another love, or get the chance to spend more quality time with the cents he already has, LOL. There is ALWAYS room for upgrading! lol. But then again the premiums would go up making it more difficult, but then again it would make my collections more valuable...Catch 22   That's it...I'm going to VAM's! hehe BTW I do have 13 different type collections currently in progress (adding and upgrading)...I can just admit to myself that I am powerless over Lincoln's that is the 1st step, but it depends on who you ask if my life has become unmanageable due to my Lincoln addiction.  |
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Valued Member
United States
164 Posts |
Are we collectors the only ones who like the cent?
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Pillar of the Community
United States
1121 Posts |
I would take a cent a day from every business in my State and would be very happy. Yes those cents do add up. And yes they are an inconvenience to cashiers and bookkeepers, but in my opinion to do as our President may have suggested and round down to the nickel doesn't really make much help anything in an economy as such as ours. To round down would actually decrease the potential money in circulation (thinking on a big scale here) and be detrimental to everyone. That is unless the entire foundation of economics have changed since I took Econ 101.  |
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Moderator
United States
187851 Posts |
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they need to kill the dollar bill first It matters not which goes first; both must go!  |
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Valued Member
United States
83 Posts |
The cent must go at some point. As time passes, production costs will continue to rise and the value of the cent continue to fall. The argument to end production of the cent will only get stronger.
In my opinion - if the U.S. Government and/or the U.S. mint really want to end the cent, they need to make more Americans hate it first. If they changed the size and thickness to be that of the old U.S. 3 cent silver or changed the composition to aluminum or recycled plastic, I'd bet the coin would quickly lose favor. If the size was too small to be convenient or felt in-hand as valueless as it truly is, then perhaps the majority of Americans would be willing to let it go. As things are going now, the cent will probably hang on a decade or two beyond its usefulness -- which IMO has already passed.
We need to keep Lincoln on a U.S. coin. I vote for moving Abe to the Sac dollar slot after the Native American series ends.
Edited by russellhome
02/12/2009 3:54 pm
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Pillar of the Community
United States
4541 Posts |
i like the cent and I would not say all are trash.. But I dont care either way as long as I get more coppers for my stash it matters not to me if business want them or not
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Replies: 21 / Views: 1,831 |
Posted 02/11/2009 6:09 pm
