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The Accelerated Attrition Rate Of US Cents

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Author Replies: 4 / Views: 92Next Topic  
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BadThad's Avatar
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 Posted Yesterday   10:08 pm Show Profile   Bookmark this topic Add BadThad to your friends list Get a Link to this Message Number of Subscribers
I believe we are seeing a greatly accelerated rate of attrition for all US cents now that minting has stopped. The survivors are being passed more often in commerce.

While there are still billions out there, the regard by all for them is low. I theorize they disappear quicker than many may think. What do you think?
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Vector Ze's Avatar
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 Posted Yesterday   10:47 pm  Show Profile   Check Vector Ze's eBay Listings Bookmark this reply Add Vector Ze to your friends list Get a Link to this Reply
I couldn't say whether attrition is accelerated due to heavier use on the remaining coins in circulation. Another factor may be indiscriminate hoarding with the perception of increased value in the near future.

In any case, people need to move on, and get used to cash transactions without the Cent. It doesn't really affect me, personally, since nearly all of my transactions are electronic, and have been for many years.
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HondoB's Avatar
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 Posted Yesterday   10:48 pm  Show Profile   Bookmark this reply Add HondoB to your friends list Get a Link to this Reply
We'll stop using coins before running out of cents.
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nickelsearcher's Avatar
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15394 Posts
 Posted Today  1H 47M ago  Show Profile   Bookmark this reply Add nickelsearcher to your friends list Get a Link to this Reply
I'm with HondoB - society will eventually move on from all coins and there will still be cents available when that happens.
Take a look at my other hobby ... http://www.jk-dk.art
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ijn1944's Avatar
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19122 Posts
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Tend to agree with the two comments immediately above. Can't rule out a major shift in personal, day-to-day commerce which could trigger an upswing in bartering (half joking...). Two potatoes for that squirrel.
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