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Should Roll-Searchers want to keep the cent?
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<p>[QUOTE="cladking, post: 526879, member: 68"]I would hope the FED would recall these and destroy them in the name of public safety. They are highly toxic and potentially fatal so leaving them around homes is not a good idea. </p><p><br /></p><p>If they just quit making them there would be none in circulation in very short order. As soon as an area didn't have enough cents to meet bank demand there would be a shortage which would cascade as people started hoarding them. Under current economic conditions this would happen very quickly. </p><p><br /></p><p>The good thing about getting rid of cents is that there would be a spike in collecting them as people would realize they're gone forever. It wouldn't be good for long term prices but it would in the short term. The best thing is that it would save the economy billions of dollars in increased efficiency of the currency system. It would get the pennies out of parking lots and the other places you see them littered. </p><p><br /></p><p>The decision should be based on what's right for Americans and America. If it were the coin would have been eliminated long ago. It's even more right for Americans now though.[/QUOTE]</p><p><br /></p>
[QUOTE="cladking, post: 526879, member: 68"]I would hope the FED would recall these and destroy them in the name of public safety. They are highly toxic and potentially fatal so leaving them around homes is not a good idea. If they just quit making them there would be none in circulation in very short order. As soon as an area didn't have enough cents to meet bank demand there would be a shortage which would cascade as people started hoarding them. Under current economic conditions this would happen very quickly. The good thing about getting rid of cents is that there would be a spike in collecting them as people would realize they're gone forever. It wouldn't be good for long term prices but it would in the short term. The best thing is that it would save the economy billions of dollars in increased efficiency of the currency system. It would get the pennies out of parking lots and the other places you see them littered. The decision should be based on what's right for Americans and America. If it were the coin would have been eliminated long ago. It's even more right for Americans now though.[/QUOTE]
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