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<p>[QUOTE="Conder101, post: 2687213, member: 66"]True they won't disappear, they will just sit there in those nice little jars. And as it becomes harder and harder for merchants to get cents to make change people will start hearing about how scarce cents are becoming, and people will start hoarding every cent they get "because they are going to become rare and valuable" making the shortage even worse. It will go through the usual stages of businesses requesting people to please try to pay with exact change. That won't work. So they will start offering a premium to buy rolls of cents. That won't work either. Back in 1974 they got up to the point of offering a 25% premium and that didn't shake the cents loose. One thing they won't do that they did in the past will be to use pieces of candy to make change to substitute for the cents. Because the candy cost more than the cents now. So the merchants will start rounding simply because they can't get enough cents to conduct business. Once enough businesses start doing that requests for cents at the banks will fall off. With no requests, any cents that do come in will start piling up and the banks will start shipping them back to the Fed.[/QUOTE]</p><p><br /></p>
[QUOTE="Conder101, post: 2687213, member: 66"]True they won't disappear, they will just sit there in those nice little jars. And as it becomes harder and harder for merchants to get cents to make change people will start hearing about how scarce cents are becoming, and people will start hoarding every cent they get "because they are going to become rare and valuable" making the shortage even worse. It will go through the usual stages of businesses requesting people to please try to pay with exact change. That won't work. So they will start offering a premium to buy rolls of cents. That won't work either. Back in 1974 they got up to the point of offering a 25% premium and that didn't shake the cents loose. One thing they won't do that they did in the past will be to use pieces of candy to make change to substitute for the cents. Because the candy cost more than the cents now. So the merchants will start rounding simply because they can't get enough cents to conduct business. Once enough businesses start doing that requests for cents at the banks will fall off. With no requests, any cents that do come in will start piling up and the banks will start shipping them back to the Fed.[/QUOTE]
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