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 Replies: 46 / Views: 3,138 |
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Pillar of the Community
 United States
1970 Posts |
A fun read. Thanks for sharing.
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Moderator
 United States
188660 Posts |
Quote:
And you'll note how the collecting community was ignored in the interview process. We do not matter.  If we did, the Mint would kill the cent from circulation and sell us bronze cents in the annual sets.  |
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Pillar of the Community
United States
7943 Posts |
Quote:
And you'll note how the collecting community was ignored in the interview process. Wouldn't that have been like asking the buggy-whip collectors what they thought about the possibility of commercializing the automobile? |
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Moderator
United States
188660 Posts |
Or lamplighters how they felt about that Edison fella. |
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Valued Member
United States
58 Posts |
To jbuck and tdziemia: Poke fun at my comment all you want. It's a matter of fairness. I think I know fairness after 31 years in journalism (snark at that statement all you want... it's the truth). If the "newspaper of record" (and that's a laugh in itself) wants to do a big takeout on the topic, it needs to speak to all parties affected. We have the Fed, the Mint, retailers, copper and zinc industries. But nothing from the numismatic community... collectors, retailers, etc. We are impacted, yet the reporter totally brushes us off. Is that a complete look at the issue? Or is it lacking an important voice?
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Moderator
United States
188660 Posts |
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Poke fun at my comment all you want. It's a matter of fairness. Fun with, not at, and what I said is a fact— we do not matter. Not for that story. Not to them.  And yes, there is plenty of issue to take with the so-called "newspaper of record," but we cannot discuss that here.  |
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Pillar of the Community
United States
7943 Posts |
@allnews, point well taken.
I sized this up as an economic issue where collectors are WAYYY down the ladder of important constituents compared to banks, retailers, consumers (as in one of the parties in a retail transaction), metal suppliers, the mint, and so on.
Maybe that says bad things about how my mindset has been shaped by 30 years in American capitalism.
One main point of the article is that pennies are given out in change, but then consumers do not use them again, creating the problem.
I assumed that only a miniscule fraction of those quarter of a trillion pennies taken out of circulation (probably less than 0.1%) are held by collectors.
But maybe I'm wrong (wouldn't be the first time) and collectors are bigger players than I assumed.
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Bedrock of the Community
United States
19163 Posts |
I suspect collectors are but a wee part of the 'missing cent piece' puzzle.
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Valued Member
United States
58 Posts |
tdziemia... I respect your opinion, friend.
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Moderator
United States
188660 Posts |
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I assumed that only a miniscule fraction of those quarter of a trillion pennies taken out of circulation (probably less than 0.1%) are held by collectors. For what it is worth, none of the cents from circulation are making it into my collection since I opted to start buying mint sets to fill my album holes.  |
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New Member
United States
22 Posts |
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Pillar of the Community
United States
1748 Posts |
Not yet. I am too busy copper mining, aka CRH for the real copper ones.
I hate the zinc cents and get rid of them any way I can.
I would definitely support ending their minting for circulation well before actual withdraw of the coins.
End production after the 2026 sestercentennial, IMO.
Start making bronze cents at the SF mint for collectors in proof and uncirculated.
Edited by DoubleEagle20
09/14/2024 2:18 pm
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Pillar of the Community
United States
1748 Posts |
Modernization of American currency would only require 4 coins.
The current dime, a new 50 cent piece somewhat similar to the British 50p, the current dollar coins and a new bimetallic 2 dollar coin smaller than the 1 dollar with intermittent reeding.
Get rid of the $1 and $2 notes, cent, nickel and quarter and round to the nearest tens.
Edited by DoubleEagle20
09/14/2024 2:05 pm
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Pillar of the Community
Canada
1766 Posts |
@shadz Quote:
$1.0642 you be rounded up to $1.07 not down to $1.06. Thus without the penny, not only would people be cheated out of the partial cent, but a whole nickel! Rounding up/down  . Up here where everything is free  , $1.0642 would end up as $1.06. And since there are no cents, it would end up as $1.05. (a loonie and a nickel). But then again, most of our cash registers/cash machines don't do cash to 4 decimal points. Haven't seen a penny/cent in circulation since 2014, and don't miss them. Next to go will be the nickel and perhaps the 5 dollar bill. Edited by Sharks
09/14/2024 4:48 pm
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Bedrock of the Community
United States
19957 Posts |
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Haven't seen a penny/cent in circulation since 2014, and don't miss them. Next to go will be the nickel and perhaps the 5 dollar bill. The people in the US wouldn't miss them either! It's utterly ridiculous that we're still minting and moving pennies! An entire truck load ends-up using more gas, time and equipment wear than they are worth. All change under a quarter should be eliminated ASAP in America. Edited by BadThad
09/14/2024 5:02 pm
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Replies: 46 / Views: 3,138 |
First Page
Posted 09/05/2024 09:30 am
