Log in or Sign up
Coin Talk
Home
Forums
>
Coin Forums
>
Coin Chat
>
Minting Pennies
>
Reply to Thread
Message:
<p>[QUOTE="GDJMSP, post: 3538772, member: 112"]It wouldn't work here because the demand for them is way too high.</p><p><br /></p><p>Are you aware of how the US Mint determines how many of what coins to mint in any given coming year ? And they make this determination the previous year of course. They base the number of coins they are going to mint on orders for the coins from the Federal Reserve. And each Federal Reserve branch bases their individual orders on orders they receive from their individual member banks. And each one of those banks base their orders on the request for coins from their customers.</p><p><br /></p><p>Bottom line, the source for the coin orders are the people of the country - us !</p><p><br /></p><p>What the govt. should do is simply do away with the 1 cent coin, and the 5 cent coin, entirely and switch to rounding. But every time they try to pass a law to do that, the people have a cow refuse to allow it. Why ? Because they cannot get it through their heads that rounding works. In other words, they simply refuse to believe the laws of mathematics - which cannot lie. But they refuse to believe it anyway because they don't understand mathematics.[/QUOTE]</p><p><br /></p>
[QUOTE="GDJMSP, post: 3538772, member: 112"]It wouldn't work here because the demand for them is way too high. Are you aware of how the US Mint determines how many of what coins to mint in any given coming year ? And they make this determination the previous year of course. They base the number of coins they are going to mint on orders for the coins from the Federal Reserve. And each Federal Reserve branch bases their individual orders on orders they receive from their individual member banks. And each one of those banks base their orders on the request for coins from their customers. Bottom line, the source for the coin orders are the people of the country - us ! What the govt. should do is simply do away with the 1 cent coin, and the 5 cent coin, entirely and switch to rounding. But every time they try to pass a law to do that, the people have a cow refuse to allow it. Why ? Because they cannot get it through their heads that rounding works. In other words, they simply refuse to believe the laws of mathematics - which cannot lie. But they refuse to believe it anyway because they don't understand mathematics.[/QUOTE]
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
Coin Talk
Home
Forums
>
Coin Forums
>
Coin Chat
>
Minting Pennies
>
Home
Home
Quick Links
Search Forums
Recent Activity
Recent Posts
Forums
Forums
Quick Links
Search Forums
Recent Posts
Competitions
Competitions
Quick Links
Competition Index
Rules, Terms & Conditions
Gallery
Gallery
Quick Links
Search Media
New Media
Showcase
Showcase
Quick Links
Search Items
Most Active Members
New Items
Directory
Directory
Quick Links
Directory Home
New Listings
Members
Members
Quick Links
Notable Members
Current Visitors
Recent Activity
New Profile Posts
Sponsors
Menu
Search
Search titles only
Posted by Member:
Separate names with a comma.
Newer Than:
Search this thread only
Search this forum only
Display results as threads
Useful Searches
Recent Posts
More...