I will miss the penny

Discussion in 'Coin Chat' started by Comfortably Numb, Aug 28, 2020.

  1. Mountain Man

    Mountain Man Well-Known Member

    At the end of a cruise on a famous cruise line, the purser refused to take a check and insisted on CC. When I told them I didn't own a CC and if they wanted to get paid, they would accept my check, they had to have a meeting with all kinds of people before they acquiesced and took my check. Last cruise I ever went on.
    Legomaster1, GH#75, Kentucky and 3 others like this.
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  3. MeowtheKitty

    MeowtheKitty Well-Known Member

    Tis called Cat-breading.
  4. LA_Geezer

    LA_Geezer Well-Known Member

    You know anyone with a '56 Bel Air convertible? Preferably this color:
    Randy Abercrombie likes this.
  5. Mountain Man

    Mountain Man Well-Known Member

    Old age crisis is the need to relive our past. Just yesterday I was wishing to have a couple of cars back that I owned in my past. That is one nice '56 convertible.
  6. LA_Geezer

    LA_Geezer Well-Known Member

    I wish it were mine.

    The dad of one of my female friends in 7th grade had that very car. I was standing in front of the malt shop just across the street from State College (PA) Junior/Senior HS one morning in September '56 when her dad pulled up to the curb right in front of me in THAT car. Her dad let me sit in it for a few minutes but did not offer a ride around the block. It has been my first car love ever since.
  7. littlehugger

    littlehugger Active Member

    Well, current cents are zinc with only a small coating of copper. Probably not worth the expense of melting.
    Lots and lots of people have been putting back the copper ones in expectation of making a profit when copper goes up.
    If it does, a horde of people will try to sell their cents, and price goes down.
    Save them for the long term.
    Even the current copper washed ones will be worth a premium one day. Just cherry pick the prettiest and better dates.
    Its not often you get to buy up collectibles at face value. One cent!
  8. Firedideguy

    Firedideguy New Member

    Borrowed from Wikipedia (Did they get it right?)

    Laws regarding melting and export[edit]
    On April 17, 2007, a Department of the Treasury regulation went into effect prohibiting the treatment, melting, or mass export of pennies and nickels. Exceptions were allowed for numismatists, jewelry makers, and normal tourism demands.[42] The reason given was that the price of copper was rising to the point where these coins could be melted for their metal content.[43] In 1969, a similar law regarding silver coinage was repealed. Because their silver content frequently exceeds collector value, silver coins are often sold by multiplying their "face value" times a benchmark price that floats relative to the spot silver price per ounce.[44] According to American law, US citizens are allowed to melt foreign coinage (e.g., Canadian pennies) for personal or commercial use.[45]

    Does this mean, if you consider yourself to be a numismatist, you can melt the 1¢ coin?
    ZoidMeister likes this.
  9. ZoidMeister

    ZoidMeister Hamlet Squire of Tomfoolery . . . . . Supporter

    I would find it uniquely satisfying . . . . . .

    2 cents.JPG
  10. Randy Abercrombie

    Randy Abercrombie Supporter! Supporter

    I’ll do that..... After the pool party
    Robert Ransom likes this.
  11. Randy Abercrombie

    Randy Abercrombie Supporter! Supporter

    I will keep my eyes peeled!
    LA_Geezer and Robert Ransom like this.
  12. Mountain Man

    Mountain Man Well-Known Member

    And I can certainly see why.
  13. Jim Dale

    Jim Dale Well-Known Member

    I took a Business Law course a while back concerning paying in cash. Currency and coins are legal tender and by law, business are required to take them. I can't remember the recourse if they won't take your coins, but my poor memory states if they don't take the legal tender, you don't have to pay. I'm probably wrong on that, but I do know that the United States Treasury looks very close to people that won't take legal tender, currency or coin. I go to stores now with my pocket full of about a dollar in coins. I really got ticked when I went to a Dollar General and my bill was $2.94 and she wouldn't give me my change. That's when I started taking coins with me. I went to another store and my bill was $3.37. I think she thought I was going to let her keep my 63 cents. You should have seen her face when I gave her the 37 cents. A lot of stores want a check or credit card. Many people still don't have either. Any way that's my 2 nickels....
  14. enamel7

    enamel7 Junior Member

    The cent's not going anywhere.
  15. MeowtheKitty

    MeowtheKitty Well-Known Member

    So the penny going away is just a rumor? It has to eventually right? One day a hundred dollar bill will have the buying power of a current one dollar bill. Then pennies will become totally useless.
  16. ja59

    ja59 Missing the Beach just not as much as ...

  17. Chip Kirkpatrick

    Chip Kirkpatrick Well-Known Member

    Never fear. As any good (or bad) metal detectorist knows the ground is full of pennies. So many that if you have small children, buy them a metal detector and let them dig pennies. You will be able to cash cash for 4 years of Harvard tuition
  18. whopper64

    whopper64 Active Member

    Why doesn't the US Mint stop minting circulating cents like they did the Kennedy half, and just mint cents for collectors? They would stop losing money and collectors would be happy. However, if the Mint does that, hopefully they will switch back to copper cents, pre 1982. What say?
  19. Kentucky

    Kentucky Supporter! Supporter

    LA_Geezer and Randy Abercrombie like this.
  20. Kentucky

    Kentucky Supporter! Supporter

    Meow also thinks it is a cat... Just sayin' :)
    Cheech9712 and LA_Geezer like this.
  21. Zebmonster

    Zebmonster Member

    Here is a '56 convertible for sale in Sudbury, Ontario. The color looks a little different from what you're looking for, but it's close, I think. It can be yours for the low, low price of $84,000+ US dollars 69065590-770-0@2X.jpg Here is the link: https://www.hemmings.com/classifieds/cars-for-sale/chevrolet/bel-air/2333422.html Lots more pictures. Cool car!
    Dimedude2 and LA_Geezer like this.
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