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Why do we still mint cents?
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<p>[QUOTE="Spark1951, post: 7503446, member: 90692"]Regarding pennies ( aka “cents”), here is what I do:</p><p><br /></p><p>Circulation cents are checked for condition of AU58 or better. I check for major ( read that: egregious, or famous ) doubling and if no joy, back to the spend pile. I weigh 1982 and 1983, check 1988 for a transition reverse, check for double ear on ‘95 and all CLAM and WAM years. It’s all about probability and I don’t waste time on the minor doubling (anymore).</p><p><br /></p><p>I got 40 coins change in the past few days and only saved one cent from 1996 because it met all my criteria...AU58+ Red...somehow it had survived circulation or a new heir got his mitts on it and used it for gas money.</p><p><br /></p><p>All other cents were too worn or corroded, damaged, stained, excessive contact marks or had die deterioration. These all were returned to the spend pile and have been spent. </p><p><br /></p><p>Been doing it this way for 4 years or so.</p><p><br /></p><p>Hoarders of cents create a nightmare for themselves because 95% are spenders. Coffee cans full? Time to take out the axe and make some brutal cuts...jmho...Spark[/QUOTE]</p><p><br /></p>
[QUOTE="Spark1951, post: 7503446, member: 90692"]Regarding pennies ( aka “cents”), here is what I do: Circulation cents are checked for condition of AU58 or better. I check for major ( read that: egregious, or famous ) doubling and if no joy, back to the spend pile. I weigh 1982 and 1983, check 1988 for a transition reverse, check for double ear on ‘95 and all CLAM and WAM years. It’s all about probability and I don’t waste time on the minor doubling (anymore). I got 40 coins change in the past few days and only saved one cent from 1996 because it met all my criteria...AU58+ Red...somehow it had survived circulation or a new heir got his mitts on it and used it for gas money. All other cents were too worn or corroded, damaged, stained, excessive contact marks or had die deterioration. These all were returned to the spend pile and have been spent. Been doing it this way for 4 years or so. Hoarders of cents create a nightmare for themselves because 95% are spenders. Coffee cans full? Time to take out the axe and make some brutal cuts...jmho...Spark[/QUOTE]
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