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<p>[QUOTE="Neal, post: 26051343, member: 43872"]I'll believe it when I see it. Cents have cost more to produce than they are worth since the 1970s. Although not worth much, they are backed by some very powerful groups, particularly the mining industry, where the loss of cent coins would mean a significant drop in demand for both copper and zinc. There are businesses that use them, I'm told. If so, cents should be sold to them at cost, whatever that is that month. Sentimentally, I'd hate to see them go; my first introduction to coin collecting was with cents. But realistically, they should either be ended as a denomination or replaced with something cheaper, like aluminum. Other countries have done that for years for their nearly worthless denominations. They could even use plastic like the old sales tax tokens. The mint could stop making them for circulation but continue to make them in special sets like proof sets for those who really wanted them to continue. They could even go back to making them out of 95% copper for these sets, or silver for that matter, and sell them at huge profits, like they do the modern Morgan and Peace silver dollars.[/QUOTE]</p><p><br /></p>
[QUOTE="Neal, post: 26051343, member: 43872"]I'll believe it when I see it. Cents have cost more to produce than they are worth since the 1970s. Although not worth much, they are backed by some very powerful groups, particularly the mining industry, where the loss of cent coins would mean a significant drop in demand for both copper and zinc. There are businesses that use them, I'm told. If so, cents should be sold to them at cost, whatever that is that month. Sentimentally, I'd hate to see them go; my first introduction to coin collecting was with cents. But realistically, they should either be ended as a denomination or replaced with something cheaper, like aluminum. Other countries have done that for years for their nearly worthless denominations. They could even use plastic like the old sales tax tokens. The mint could stop making them for circulation but continue to make them in special sets like proof sets for those who really wanted them to continue. They could even go back to making them out of 95% copper for these sets, or silver for that matter, and sell them at huge profits, like they do the modern Morgan and Peace silver dollars.[/QUOTE]
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