Just read the article, they're going to stop producing the one cent. But they're going to continue to produce the one cent for collectors. So what is that mean. If they stop producing one cent at the end of this year. They Will produced 2018 one cents only for collectors. The way I'm understanding it will it have the 2018 date on it. Since it costs more than two cents to make a one cent now, that means the mint will probably be charging us collectors a minimum probably of five cents per one cent coin. So good old Uncle Sam saying it again bend over were not even going to give you a kiss. usmc60
rickmp Thank you very much for providing the link. I'm still learning how to operate a computer,Over 18 years I'm still getting a little better each day, and I've greatly increase my skills since I joined coin talk. If they stop making the cent. Then in three years they are going to decide whether to continue making it. Most likely they won't. But if they wait over the 10 year period. Most of the garbage they been producing will have disintegrated and fallen apart. But I still don't think they'll restart making cents. If you haven't notice hard currency is slowly being phased out. Who knows where were going to be in 10 years. I know quite a few people that do not even carry currency with them. They pay their bills by phone or a debit card. You need to open your eyes and see where it's going currency will be a thing of the past in the future.(No currency- credits only) USMC60
It's just talk as always, nothing has happened. This has been proposed for probably a decade now. The market is doing that on it's own. Credit cards give rewards why use cash if there is no discount when you get rewards for the card?
The key sentence in that NN article is the last one - "No other senators have signed on as co-sponsors." As a legislative staffer, let me translate for you. "All 98 other Senators think McCain is either senile or high."
Yeah right, you haven't been shopping lately. On my last visit to Costco I noticed the prices have gone up just since last month.
Unlikely to pass because of all the other stipulations. If it was just about the cent, maybe. But it also calls for a change in the metal content of the nickel, stopping production of the $1 bill (which is 66% of all paper money produced) and a switch to dollar coins. As V.Kurt Bellman said NO other senators besides Senators John McCain, R-Ariz., and Mike Enzi, R. Wyo. have endorsed this bill. Which means it will be introduced, and dismissed quickly and quietly. And McCain is senile. Personally I don't care for the zinc cents, and we don't need them. But this bill isn't going to pass and be enacted into law. Schoolhouse Rock. I'm just a bill, yes I'm only a bill and I'm sitting here on Capitol Hill.
All I know is finding cheap flights to Denver in late-late July is a struggle. (No particular reason for then, of course. )
Notice nobody at NN will personally take credit for writing that piece. A "staff" article. That means nobody wants to stand behind it but they had space to fill.
