Disappearing Penny's

Discussion in 'Coin Chat' started by coinman0456, Sep 7, 2009.

  1. coop

    coop Senior Member

    Copper plated steel would be my next guess as to what will be used next. Worked on Canadian Cents for years.
     
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  3. TomCorona

    TomCorona New Member

    And since we don't like them either - well, guess who wins ?


    Yes Doug..I am fully realizing the dictatorship is full steam ahead, I do know where the segregation area is., and I do appreciate you telling me where to go.

    Edit: Also, I'm sorry written text on a computer screen is so damaging to those that are used to "winning".
     
  4. ldhair

    ldhair Clean Supporter

    I know I could probably look it up but what is Canada using now?
     
  5. Speedy

    Speedy Researching Coins Supporter

    All of the posts that went in line with the trend of going off topic were removed - it could just be a post that said "COOL", but if it was in answer to a off topic post, it will be removed.

    You can request it, but I'm not sure that it would be done - as of yet, I haven't gotten a request to close the thread.

    Tom - I would have at one time agreed with you, but after some things changed my mind. Since this is a forum that is privately owned it can have its own set of rules/laws. With anything, there have to be rules, and Peter has gone to great pains to make sure that this forum is friendly to ANYBODY. If we start talking about R and D, and everything in-between some are going to get mad, and leave. If we try to keep such topics out we leave less space for topics that can get heated.

    Speedy
     
  6. yakpoo

    yakpoo Member

    This thread is an important topic. Why cancel a thread if no one is forced to be here?

    Back on topic...and if I sound like a broken record (I apologize)
    ...but I don't understand why I can't get any CT "love" on this. :hug:

    Please allow me to say once again (everyone knows this)...

    In 1964, the year we adopted our fiat currency, the purchasing power of today's penny and nickel DIDN'T EXIST!!

    What possible purpose does it serve to maintain an obsolete currency? The half cent was probably worth today's half dollar when it was cancelled.

    Folks act as if they'll drift off into space if they let go of the penny! :eek:

    Steel pennies and nickels? ...c'mon people. In 1943 we had a national emergency; we needed a steel penny. In 2009 it's just plain foolishness.
     
  7. green18

    green18 Unknown member Sweet on Commemorative Coins

    And an alternative venue was offered. Where in a dictatorship do you get offered a choice?
     
  8. d.t.menace

    d.t.menace Member

    In my opinion it's business and Capitalism that will keep the penny around. If you sell something for $.99 and you get rid of the penny, now you'll have to go to $.95. If you're selling a million of those things there go the profits.
     
  9. TomCorona

    TomCorona New Member

    The alternative venue is one that noone is interested in. I gues I'm not allowed to elaborate further as it would be "against the rules".

    Edit: Copper pennies are great. Zinc ones are wonderful too.
     
  10. green18

    green18 Unknown member Sweet on Commemorative Coins

    I'm a member there....:)
     
  11. TomCorona

    TomCorona New Member

    I'm a member there....:)

    Do you like it Green? I'm not much for being herded into the cordoned off "free speech zones" though so, probably wouldn't enjoy it. Thanks anyway.
     
  12. green18

    green18 Unknown member Sweet on Commemorative Coins

    I like it, though I don't post there too much. I do get a kick out of some of the subjects, and, there are some notible characters from this forum who frequent there...:smile
     
  13. GDJMSP

    GDJMSP Numismatist Moderator

    No one interested in huh ?

    Members: 2,143
    Threads: 2,769
    Posts: 42,091

    Seems to me there a few interested. But you do help me make my point Tom. For you see, here on Coin Talk we have - Members: 20,428. That means that only 10% of the people on this forum want to discuss, or hear discussed, the type of thing YOU want to discuss.

    Do the wishes of those other 18,000 members not matter ?
     
  14. dougsmit

    dougsmit Member

    On topic:
    Another consideration that the government takes seriously is whether a coin shows up on x-rays or other scanning equipment used to assist children that swallow them. There was a time that a kid that swallowed coins was considered to be getting what he deserved but today we save people from such tragedies. This makes some alternative materials that would be cheap enough not acceptable. The death grip many of us have on the difference between gasoline selling for $2 a gallon and $1.99 9/10 is hilarious in a day that the pump price has been known to change three times a day in some places. Still no one notices that their gas bill is rounded off to the nearest cent.

    Would the economic system be so very injured if sellers were required to compete by offering goods in the highest quality that fit the available currency rather than forcing the currency to fit their marketing vision? If no one could sell something for 99 cents, no one would be at a competitive disadvantage.

    Seriously, I assume there has been studies on the adverse effects suffered by Great Britain when they dumped the Farthing (was it 1956?). Does anyone know what they found? The Farthing was about the same exchange value as our cent back then. Is that what you blame for the relative drop of the Pound over the last 50 years?
     
  15. GDJMSP

    GDJMSP Numismatist Moderator

    We've got our own studies done at taxpayer expense that show that we would be better off with the cent that are 40 years old. There are newer ones as well showing the same thing.

    The govt. doesn't mind spending a small fortune on studies, but they've been continually ignored since they were done.

    This is not something new, but a recurring issue that comes up year after year after year after year.
     
  16. TomCorona

    TomCorona New Member

    Do the wishes of those other 18,000 members not matter ?
    __________________


    I think the forum is big enough that those that wanted what you are dictating could have it easily enough without damaging the already narrow minds of those that seek to abolish that which somehow bruises their ego. They wouldn't be looking at those posts, therefore they'd never see those posts, therefore only the people interested would read and participate, and those that are damaged by reading such things CAN'T BE because they were never there in the first place. I certainly think the forum is big enough for everybody.
     
  17. dougsmit

    dougsmit Member

    If the studies show "that we would be better off with the cent" and we still have the cent, how can you say "they've been continually ignored since they were done"? It looks like they are believing their studies. The reason these things come up every year is that the losers (me) keep bringing it up until the winners get tired of defending their belief and let us have it our way.

    BTW: I erred when I said the Farthing was in 1956 worth what our cent is now. It was considerably less; less than half. The UK retained the halfpenny until 1969. It was replaced when they decimalized by a more valuable coin of the same name but that only lasted until 1984.
     
  18. Speedy

    Speedy Researching Coins Supporter

    um....what you are suggesting is JUST what we have done - in a way the PRWE forum is part of CT.
    The people who don't want to read that stuff, as you said yourself:
    They wouldn't be looking at those posts, therefore they'd never see those posts, therefore only the people interested would read and participate, and those that are damaged by reading such things CAN'T BE because they were never there in the first place.

    By the way - if Doug is the dictator, can I be a Czar!? LOL :D :D

    Speedy
     
  19. TomCorona

    TomCorona New Member

    I don't get it. Are we trying to protect important heads of state here, who might be "served" information that they otherwise would not "see" so that, I don't know, they can claim ignorance or something?.., so..posting controversial information that they could actually see in print, somehow jeapordizes their claim to ignorance? Is this forum a place to exchange information and opinions or to just showcase how much the big whigs think that they know? Maybe the reason politics are so taboo in here, is because those themselves who claim not to want to "hear" anything political, are already heavily engaged in the their own brand of politics made up of THEIR own ideas and don't like their hypocrisy being exposed/challenged? Why in the world would anyone be threatened by groups of text on a screen, that they would never really have to see in the first place, unless there is some other agenda there? Maybe this place should become a paid membership only site so that only the "approved" ideology could infilitrate. If you only want like minded robots who agree with everything that is spoon fed to them, then a "members only" high dollar paid option accomplishes that. On the other hand...if it's public, then keep it public, and don't discriminate!
     
  20. yakpoo

    yakpoo Member

    No one's threatened by your "groups of text"...just not particularly interested. :goof:

    Personally, I don't see any commercial use for the penny or nickel. I would be interested to know your opinion...pro or con. Perhaps I'll end up changing mine. :eek:
     
  21. TomCorona

    TomCorona New Member

    This thread is an important topic. Why cancel a thread if no one is forced to be here?

    Logic seems to make folks uncomfortable.
     
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