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1983 D cent 2.7grams
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<p>[QUOTE="Conder101, post: 3456123, member: 66"]My prediction is once they stop making them they will be effectively gone from circulation within about one year.</p><p><br /></p><p>People won't be hoarding them because they will be valuable. Just the opposite. People don't carry and use cents because they have no real value. They don't go back to banks anywhere near as fast as they leave banks to businesses for making change. Right now that shortfall is made up by the mints making another 8 or 9 billion of them a year. Once they stop, businesses will quickly find they can't get cents anymore and will HAVE to start rounding. Once that happens businesses will stop asking for banks for cents. Then when cents DO come back in from hoards there will be no one asking for them and the banks will send them back to the Fed.</p><p><br /></p><p>Interesting question for our Canadian members here. Have the Canadian cents disappeared from circulation? And if so how long did it take?[/QUOTE]</p><p><br /></p>
[QUOTE="Conder101, post: 3456123, member: 66"]My prediction is once they stop making them they will be effectively gone from circulation within about one year. People won't be hoarding them because they will be valuable. Just the opposite. People don't carry and use cents because they have no real value. They don't go back to banks anywhere near as fast as they leave banks to businesses for making change. Right now that shortfall is made up by the mints making another 8 or 9 billion of them a year. Once they stop, businesses will quickly find they can't get cents anymore and will HAVE to start rounding. Once that happens businesses will stop asking for banks for cents. Then when cents DO come back in from hoards there will be no one asking for them and the banks will send them back to the Fed. Interesting question for our Canadian members here. Have the Canadian cents disappeared from circulation? And if so how long did it take?[/QUOTE]
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