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<p>[QUOTE="Just Carl, post: 136110, member: 4552"]Lately this subject is being played out almost as much as should I clean my coins. Regarless of what is said on this or any coin forum, the cent will not be stopped in the near future. Regardless of the cost to produce a cent it will not be stopped in the near future. Many millions of stores would have to redo the prices of all their merchandise and that would mean a realy lot of politicians would soon be out of work. </p><p>Also, as pointed out by many, all currency will soon enough be a thing of the past. Credit and Debit cards will rule supreme. No one will be using that stuff called cash. With electronic money there will be no need to worry about what country a coin or bill is from. It will automatically be transposed into the local monitary system. Soon enough a kid will be saying "Hey grandpa, what was that stuff called money way, way, way back when you were a kid?" </p><p> As to the cost of making coins. If you not only consider the metal costs but throw in the Mints heating bill, water bills, electric bills, phone bills, copy machines, fax machines, office supplies, and the actual cost of maintenance on the Mint buildings. Then throw in the cost of sending the coins to banks via planes, boats, cars, trucks, gas and maintenace on those vehicals. Now add the salaries of the people that work in the Mint. You will end up with the cost of a Cent somewhere way, way, way up there and your tax dollars are at work. </p><p> If you owned a store you would have to add up all the above when you price your merchandise don't you?[/QUOTE]</p><p><br /></p>
[QUOTE="Just Carl, post: 136110, member: 4552"]Lately this subject is being played out almost as much as should I clean my coins. Regarless of what is said on this or any coin forum, the cent will not be stopped in the near future. Regardless of the cost to produce a cent it will not be stopped in the near future. Many millions of stores would have to redo the prices of all their merchandise and that would mean a realy lot of politicians would soon be out of work. Also, as pointed out by many, all currency will soon enough be a thing of the past. Credit and Debit cards will rule supreme. No one will be using that stuff called cash. With electronic money there will be no need to worry about what country a coin or bill is from. It will automatically be transposed into the local monitary system. Soon enough a kid will be saying "Hey grandpa, what was that stuff called money way, way, way back when you were a kid?" As to the cost of making coins. If you not only consider the metal costs but throw in the Mints heating bill, water bills, electric bills, phone bills, copy machines, fax machines, office supplies, and the actual cost of maintenance on the Mint buildings. Then throw in the cost of sending the coins to banks via planes, boats, cars, trucks, gas and maintenace on those vehicals. Now add the salaries of the people that work in the Mint. You will end up with the cost of a Cent somewhere way, way, way up there and your tax dollars are at work. If you owned a store you would have to add up all the above when you price your merchandise don't you?[/QUOTE]
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