Message:

<p>[QUOTE=&quot;cladking, post: 3123808, member: 68&quot;]Ten billion a year are lost now because a high proportion are zincs that virtually evaporate and people are hording copper.&nbsp;&nbsp; Ten years ago it was only 8 billion a year and twenty years ago about 5 billion.&nbsp; Every year the cent is worth less and there are more being made to be destroyed because of this lack of any value.&nbsp; Every year a one cent coin is more akin to trash or garbage than it is money and trash goes to landfill.&nbsp; Who&#039;s going to stop vacuuming to pick up a penny?&nbsp;&nbsp; These coins are going from the mint to landfill but first they get mixed in a little with the pennies already in circulation.&nbsp; The vacuumer doesn&#039;t check the date on a penny before sucking it up but they all end up about the same place. </p><p><br /></p><p>Pennies are being used a little less because many cash transactions are being rounded.&nbsp;&nbsp; If pennies were circulating there&#039;d be no need to make more because of this but they don&#039;t really &quot;circulate&quot;.&nbsp; Most of them accumulate in buckets or are destroyed by some means.&nbsp;&nbsp; For practical purposes virtually the entire population of 1959 - date pennies reside in these buckets because they aren&#039;t stored by the FED or mint.&nbsp; Banks have two way to get pennies, the very tiny percentage actively circulating and being returned by the counting houses and the buckets of pennies brought in by customers.&nbsp; </p><p><br /></p><p>But make no mistake about it; about 90% of the mintage of the &#039;71 cent no longer exists at all.&nbsp; At some point it met its demise at the business end of a Hoover or was tossed into Niagara Falls. </p><p><br /></p><p>Perhaps the highest percentage of all cents that have been destroyed is the 1966.&nbsp; This is about 92%.&nbsp;&nbsp; Every year the number grows smaller but there are so &quot;few&quot; left that not many are being destroyed any longer. The vacuumer is very unlikely to hit a 1966.[/QUOTE]</p><p><br /></p>

Your name or email address:

Do you already have an account?

• No, create an account now.
• Yes, my password is:
• Forgot your password?

Stay logged in