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Will the cent last another 10 years.
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<p>[QUOTE="Phil Ham, post: 627880, member: 5787"]I'm an engineer who likes things simple, convenient, and cost effective. I've saved pennies my whole life and would hate to see them go. On the other hand, it is a useless coin for its currency purpose and should be discontinued. However, politicians are spineless and will take a miracle to make it happen. They can't balance the budget nor stop the penny, which might lose them votes. If I was running the mint business and it cost 1.6 cents for every cent, I would shut it down tomorrow. Isn't it obvious? As far as switching from the paper dollar to a dollar coin, I would need to see the cost/benefit. Does the paper dollar really cost more than clad dollar? How much does it cost to switch the systems in place to handle paper money? I'm sure someone on this site will tell me the answers.[/QUOTE]</p><p><br /></p>
[QUOTE="Phil Ham, post: 627880, member: 5787"]I'm an engineer who likes things simple, convenient, and cost effective. I've saved pennies my whole life and would hate to see them go. On the other hand, it is a useless coin for its currency purpose and should be discontinued. However, politicians are spineless and will take a miracle to make it happen. They can't balance the budget nor stop the penny, which might lose them votes. If I was running the mint business and it cost 1.6 cents for every cent, I would shut it down tomorrow. Isn't it obvious? As far as switching from the paper dollar to a dollar coin, I would need to see the cost/benefit. Does the paper dollar really cost more than clad dollar? How much does it cost to switch the systems in place to handle paper money? I'm sure someone on this site will tell me the answers.[/QUOTE]
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Will the cent last another 10 years.
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