1980 Cent (P) - CoinWeek Article - For those hoarding Cents!

Discussion in 'US Coins Forum' started by paddyman98, Jan 19, 2021.

  1. paddyman98

    paddyman98 Let me burst your bubble! Supporter

    A good read..


    Interesting statement..
    Quote - "In 1974, then-Mint Director Mary Brooks publicly encouraged people to spend cents rather than hoarding them, and new rules were promulgated that made melting down cents punishable by a fine of up to $10,000 or five years in prison." Closed quote

    Coin Specifications
    Country: USA
    Year Of Issue: 1980
    Denomination: One Cent
    Mint Mark: None (Philadelphia)
    Mintage: 7,414,705,000
    Alloy: .950 copper, 0.05 tin and zinc
    Weight: 3.11 g
    Diameter: 19.05 mm
    Edge: Plain
    OBV Designer Victor David Brenner
    REV Designer Frank Gasparro
    Quality: Business Strike
    Last edited: Jan 20, 2021
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  3. Oldhoopster

    Oldhoopster It seemed like a good idea at the time.

    I recall some banks and stores in my area were offering $1.10 for every $1.00 of cents brought in during those shortages in the 70s
    capthank, Heavymetal and paddyman98 like this.
  4. cpm9ball

    cpm9ball CANNOT RE-MEMBER

    Thanks @paddyman98 ! It's an interesting article. Unfortunately, be ready for the machine doubling stampede.
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  5. Dynoking

    Dynoking Well-Known Member

    Nice post, very informative article. Thank you Mr. P.
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  6. Spark1951

    Spark1951 Accomplishment, not Activity Supporter

    Very good read, I have several in the 60-63 range.

    BTW, the word “juxtapenultimate”, used at the beginning of the article, is never explained. Furthermore, a web search does not locate an explanation, Dictionary.com does not include it in their database, nor does Merriam-Webster.com.

    They were referring to the date. Of course, “penultimate” means the one before the last, or 1981 in this case, so using “juxta” must mean “the one before the one before the last”. And, “juxta” is not listed either.

    That’s very awkward, but I hate guessing and had to look it up. Curious minds want to know. @paddyman98 ...Thanks for sharing...Spark
  7. Mac McDonald

    Mac McDonald Active Member

    Interesting indeed. All I'll say is...if the penny is here to stay for the foreseeable future, here's hoping they scratch (change, eliminate) that awful, chestnut-like 'shield' reverse and return to the Lincoln Memorial.
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  8. Spark1951

    Spark1951 Accomplishment, not Activity Supporter

    Perhaps the word is in the printed volumes, but you would have to go to the library, which are closed until the pandemic subsides...Spark
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  9. mike estes

    mike estes Active Member

  10. Gilbert

    Gilbert Part time collector Supporter

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  11. CoinCorgi

    CoinCorgi Derp, derp, derp!

    Indeed, 1980 is the one before the one before the last (i.e. the one before the penultimate [1981], and two before the ultimate [1982]). I think the correct word would have been antepenultimate. ante- meaning "before". Although juxta- means "near", so maybe they weren't sure if they should include the 1983 copper mistakes in their reckoning! :)

    ultimate (last), penultimate (last but one), antepenultimate (last but two), preantepenultimate (last but three), propreantepenultimate (last but four)
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  12. messydesk

    messydesk Well-Known Member

    People who have registered for the VAMWorld forum are familiar with the word "penultimate."
  13. manny9655

    manny9655 Well-Known Member

    I'd rather see the whole design changed, same with the dime. Lincoln has been on the obverse for 112 years. Time for a change. And the dime hasn't changed one bit since 1946. WAY past time for a change there too. I vote to put Miss Liberty back on our coins rather than dead Presidents.
  14. DarkRage666

    DarkRage666 Tiredness taken over

    Well if they're hoarding cents they could probably pay of that $10,000 with the cents... It'll be a pain in the ass for the person counting the money, but hey that's what they get for charging them $10,000
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