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Why do we still mint cents?
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<p>[QUOTE="iPen, post: 7502768, member: 69760"]There are billions of the modern cents minted, I don't think it'll affect prices all that much. I know when they transitioned out of silver, from what I've read people hoarded them for obvious reasons. If the cents were still mostly copper, then I'd have more affinity towards them. </p><p><br /></p><p>But given how they're mostly zinc and other countries use a steel core for lower denominations given inflation, and how much more impractical the cent will become in the future (less value and even more expensive to mint when it costs more to produce than its face value), we should really do away with the cent. Canada already rounds everything off if you pay by cash after abolishing the cent. Most transactions are via card, too.</p><p><br /></p><p>That said, I can see an argument for a small run of proofs, BU, etc. for collectors via mint sets every year. This would be despite any elimination of the cent.[/QUOTE]</p><p><br /></p>
[QUOTE="iPen, post: 7502768, member: 69760"]There are billions of the modern cents minted, I don't think it'll affect prices all that much. I know when they transitioned out of silver, from what I've read people hoarded them for obvious reasons. If the cents were still mostly copper, then I'd have more affinity towards them. But given how they're mostly zinc and other countries use a steel core for lower denominations given inflation, and how much more impractical the cent will become in the future (less value and even more expensive to mint when it costs more to produce than its face value), we should really do away with the cent. Canada already rounds everything off if you pay by cash after abolishing the cent. Most transactions are via card, too. That said, I can see an argument for a small run of proofs, BU, etc. for collectors via mint sets every year. This would be despite any elimination of the cent.[/QUOTE]
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