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<p>[QUOTE="coinhead63, post: 1099707, member: 28001"]As far as what "people say" is concerned, I don't believe it. Some say the penny is dead. Others say we will be a cashless society. I pick up pennies and don't care who sees me do it even if it's just one! The penny, IMHO, will continue to be produced with whatever material that will allow the US Mint to show a profit. Even when they can't make a profit on the cent and/or nickel, just look at the profit made in coining the other denominations. If anything should be trimmed from our monitary system, it should be the paper dollar (circulating life expectancy measured in months vs. coin = 30yrs+). Once the paper bill is unfit for circulation it is sent to be destroyed (cost incurred) and then replaced (another cost incurred). This cycle of print-destroy-reprint is repeated over 25 times while a dollar coin goes bumping and banging in pockets, cash drawers, etc. for 30 or more years. Check your change and see if you find coins minted before 1981. If you didn't today, perhaps tomorrow. Now check wallet and see if you find any series of bills that go back that far. Most of what you'll find is what's been printed from the last series of that denomination. And to those who claim the "weight issue" how often do you have 20 $1 bills in your wallet? While were revamping things, lets get rid of the dead people on our money and return to design ideas like the Mercs, educational notes and such. These were beautiful works of art not ugly like the present incarnation of Thomas Jefferson on the nickel, SBA's, IKE's, et al.[/QUOTE]</p><p><br /></p>
[QUOTE="coinhead63, post: 1099707, member: 28001"]As far as what "people say" is concerned, I don't believe it. Some say the penny is dead. Others say we will be a cashless society. I pick up pennies and don't care who sees me do it even if it's just one! The penny, IMHO, will continue to be produced with whatever material that will allow the US Mint to show a profit. Even when they can't make a profit on the cent and/or nickel, just look at the profit made in coining the other denominations. If anything should be trimmed from our monitary system, it should be the paper dollar (circulating life expectancy measured in months vs. coin = 30yrs+). Once the paper bill is unfit for circulation it is sent to be destroyed (cost incurred) and then replaced (another cost incurred). This cycle of print-destroy-reprint is repeated over 25 times while a dollar coin goes bumping and banging in pockets, cash drawers, etc. for 30 or more years. Check your change and see if you find coins minted before 1981. If you didn't today, perhaps tomorrow. Now check wallet and see if you find any series of bills that go back that far. Most of what you'll find is what's been printed from the last series of that denomination. And to those who claim the "weight issue" how often do you have 20 $1 bills in your wallet? While were revamping things, lets get rid of the dead people on our money and return to design ideas like the Mercs, educational notes and such. These were beautiful works of art not ugly like the present incarnation of Thomas Jefferson on the nickel, SBA's, IKE's, et al.[/QUOTE]
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