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<p>[QUOTE="John Burgess, post: 7579582, member: 105098"]Let me start by saying this is just my opinion, and may or may not be based in absolute fact, it's what I gather from reading on coinage and the year 1857.</p><p><br /></p><p>it was in 1857, they ditched the half cent and downsized the large cents. mostly to save against the rising cost of copper. I have no idea what it cost them to make the half cent in 1857 though, but it's mentioned as a real concern for some reason. </p><p><br /></p><p>At the time the half cent was discontinued, it had the buying power still of today's dime and was about the size of a quarter, while the large cent were almost the size of a half dollar. cost, and composition/weight and buying power I suppose all have an effect, but seriously, half cents even today have a copper melt value around 6-7 cents. flowing hair large cents are like 15 cents melt value. this was a problem back then and now still. it wasn't so much that a half cent was so expensive to make, although that was a factor, but by 1857, it was becoming obsolete in commerce as a unit of measure. people used them, but they didn't have to use them anymore. the large cent was far more used day to day by then, and people wanted the large cent to be smaller. </p><p><br /></p><p>1857 was a big year really, they discontinued the half cent, resized the large cent, banned foreign coins in commerce in the Coinage Act of 1857, when we finally got our act together on our own currency and set upon having a supply of it that would be functional for business in this country. the coinage act of 1857 basically killed the non-decimal system accounting of some foreign coin designs of other countries at the time, which would of required fractions of cents in order to make change correctly.</p><p> Had they not put their foot down on foreign coin being used, who knows we might still have the half cent and actually need it for something besides maybe a gas station on certain purchases of fuel. everything they have officially discontinued was totally unnecessary or redundant at the time they discontinued it. </p><p><br /></p><p>It might cost more to make a cent than it's worth, but I really don't want to give up 4 cents to anyone and round up to 5 cents either. and for sure, the nickel is next unless they start making the nickel on cent planchets. </p><p><br /></p><p>all just the way I see it and my opinion of course.[/QUOTE]</p><p><br /></p>
[QUOTE="John Burgess, post: 7579582, member: 105098"]Let me start by saying this is just my opinion, and may or may not be based in absolute fact, it's what I gather from reading on coinage and the year 1857. it was in 1857, they ditched the half cent and downsized the large cents. mostly to save against the rising cost of copper. I have no idea what it cost them to make the half cent in 1857 though, but it's mentioned as a real concern for some reason. At the time the half cent was discontinued, it had the buying power still of today's dime and was about the size of a quarter, while the large cent were almost the size of a half dollar. cost, and composition/weight and buying power I suppose all have an effect, but seriously, half cents even today have a copper melt value around 6-7 cents. flowing hair large cents are like 15 cents melt value. this was a problem back then and now still. it wasn't so much that a half cent was so expensive to make, although that was a factor, but by 1857, it was becoming obsolete in commerce as a unit of measure. people used them, but they didn't have to use them anymore. the large cent was far more used day to day by then, and people wanted the large cent to be smaller. 1857 was a big year really, they discontinued the half cent, resized the large cent, banned foreign coins in commerce in the Coinage Act of 1857, when we finally got our act together on our own currency and set upon having a supply of it that would be functional for business in this country. the coinage act of 1857 basically killed the non-decimal system accounting of some foreign coin designs of other countries at the time, which would of required fractions of cents in order to make change correctly. Had they not put their foot down on foreign coin being used, who knows we might still have the half cent and actually need it for something besides maybe a gas station on certain purchases of fuel. everything they have officially discontinued was totally unnecessary or redundant at the time they discontinued it. It might cost more to make a cent than it's worth, but I really don't want to give up 4 cents to anyone and round up to 5 cents either. and for sure, the nickel is next unless they start making the nickel on cent planchets. all just the way I see it and my opinion of course.[/QUOTE]
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Another "Get Rid of the Lincoln Cent" Thread
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