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<p>[QUOTE="cladking, post: 1317456, member: 68"]I think everyone including collectors are missing the big picture and the real opportunities here. If they eliminate the wasteful cent there's a good chance they'll also eliminate the wasteful rag dollar. We'd have a workable coinage and currency (small purchases only) system again. The big beneficiaries would be big vending outfits like the ARA. When there are no pennies people will scramble to get the copper and they'll turn in most of the zincs for proper disposal. Of course pennies are nearly worthless (even the copper ones) so very large numbers will continue to clutter drawers and everywhere else. As time goes by these will tend to be thrown in the trash. People will immediately decide they want collections of these so prices will escalate especially on the memorials and more especially on the zincs. This will be short lived though as the dearth of cents in circulation will curtail the numbers of new cent collectors. Other denominations will get some benefit as collectors of coins from circulation turn to them. </p><p><br /></p><p>There will be other predictable and unpredictable effects as well. This will result in consolidation of Brinks routes somewhat in larger areas which will be partially off set by increased hauling of dollar coins. Inexpensive items that can be sold by machine will be more readily available. Maybe you'll be able to buy five copper pennies for a dollar. </p><p><br /></p><p>Look for coins like nice attractive near gem '84-D cents to have the largest increases in percentage terms. Watch out for scarcer gem copper memorials like the '79-D! Watch for the effect on business as it becomes easier to get a dollar or two from consumers. Some stores like dollar stores could be hurt by this. Groceries willhave an almost impossible time selling toothpicks for a cent apiece when a machine across the street sells them six for a penny. </p><p><br /></p><p>Since a dollar or two isn't much money this is hardly going to transform the nation but there will be increased efficiency and lower costs across the board and some people will be able to capitalize on this.[/QUOTE]</p><p><br /></p>
[QUOTE="cladking, post: 1317456, member: 68"]I think everyone including collectors are missing the big picture and the real opportunities here. If they eliminate the wasteful cent there's a good chance they'll also eliminate the wasteful rag dollar. We'd have a workable coinage and currency (small purchases only) system again. The big beneficiaries would be big vending outfits like the ARA. When there are no pennies people will scramble to get the copper and they'll turn in most of the zincs for proper disposal. Of course pennies are nearly worthless (even the copper ones) so very large numbers will continue to clutter drawers and everywhere else. As time goes by these will tend to be thrown in the trash. People will immediately decide they want collections of these so prices will escalate especially on the memorials and more especially on the zincs. This will be short lived though as the dearth of cents in circulation will curtail the numbers of new cent collectors. Other denominations will get some benefit as collectors of coins from circulation turn to them. There will be other predictable and unpredictable effects as well. This will result in consolidation of Brinks routes somewhat in larger areas which will be partially off set by increased hauling of dollar coins. Inexpensive items that can be sold by machine will be more readily available. Maybe you'll be able to buy five copper pennies for a dollar. Look for coins like nice attractive near gem '84-D cents to have the largest increases in percentage terms. Watch out for scarcer gem copper memorials like the '79-D! Watch for the effect on business as it becomes easier to get a dollar or two from consumers. Some stores like dollar stores could be hurt by this. Groceries willhave an almost impossible time selling toothpicks for a cent apiece when a machine across the street sells them six for a penny. Since a dollar or two isn't much money this is hardly going to transform the nation but there will be increased efficiency and lower costs across the board and some people will be able to capitalize on this.[/QUOTE]
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