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<p>[QUOTE=&quot;dbaker221, post: 279275, member: 5976&quot;]<b>Dollar coin realities</b></p><p><br /></p><p>If the Sac and Prez dollars begin to circulate I may have to buy stock in a suspender vendor (what with the pants-falling-down scenario threatening.)</p><p><br /></p><p>But there&#039;s little chance that will happen because we still have the paper dollar. Any country that has succeeded in circulating a large denomination coin has first retired their paper equivalent. And it would help lots if the penny were deep-sixed as well (to head off the redesign of all the cash drawers.)</p><p><br /></p><p>Meanwhile the Mint is happy spending a few cents on producing each of its highly promoted dollar coins. Happy in that they then carry these coins on their books at full face value. In other words, the Mint has already made its money in &quot;seniorage&quot;, the difference between cost to make and retail value. (Helps offset what they&#039;re losing on the production of pennies and now, nickels.)</p><p><br /></p><p>So, when do you think the penny will be eliminated? Maybe after 2009, the centennial of the Lincoln cent?[/QUOTE]</p><p><br /></p>

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