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An Interesting 2009 Lincoln Cent Situation

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eaglefoot's Avatar
United States
6326 Posts
 Posted 04/08/2009  2:52 pm  Show Profile   Bookmark this reply Add eaglefoot to your friends list Get a Link to this Reply
But the reality is more likely that they WILL NOT GO NIFC however.
There is nothing that I'm aware of in Congress or the Committees about actually doing this......or at least any time soon.
So....instead of wishing/hoping that they would do what "we" think is the smart thing to do.....I just look at the more likely "possible" scenario. And that is just to simply have drastically reduced mintage numbers of several of these denominations. This would naturally alleviate most of their problem.
They wouldn't need to worry about "room" in any vault or distribution to banks who don't want/need them and they would still make nice profits from collectors.
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jbuck's Avatar
United States
188560 Posts
 Posted 04/08/2009  3:01 pm  Show Profile   Bookmark this reply Add jbuck to your friends list Get a Link to this Reply
It is the right thing to do, but history has shown us that it unlikely that Congress will do the right thing.

Drastically reduced mintage number? Reduced to NIFC levels?
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