If or when do you think the government will be done minting Lincoln Cents for good?
BowTieCoins
Posts: 899
Its been talked about, does any one have any predictions?
Katrina
Katrina
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Comments
Who the heck knows, with their idiotic decision making skills. They can't get a dollar coin to circulate because they're not smart enough to do away with the dollar bill, what would make anyone think they would get rid of a coin that does circulate?
The Lincoln cent store:
http://www.lincolncent.com
My numismatic art work:
http://www.cdaughtrey.com
USAF veteran, 1986-1996 :: support our troops - the American way.
Sooner than that if/when they can prove the Mint is lying through their teeth about how much profit they are making minting these one way tax tokens.
Got quoins?
However, I agree with most of what's been said. The mint won't get rid of Lincoln until after 2009. They have to have an excuse to put out another circulating commem. (Like there aren't enough clip art designs circulating now.)
fiscal year but this was probably the result of a lot of fancy bookkeeping which shunted
expenses to other denominations. It's difficult to believe that the smaller dime should cost
so much more than the cent for instance. Since the last report zinc prices have increased
a little more and are in danger of breaking out on a long term cyclical increase. Even if this
increase doesn't materialize mint costs and overhead are increasing due to inflation and other
factors.
It seems improbable that the cent will survive in its present form until 2009, though don't
rule out mint and proof set only issues.
and it sets us apart from practitioners and consultants. Gregor
cladking- so it costs more to make the dime then the penny?
Louis
<< <i>If it were to happen I don't think it would happen until after 1909.
cladking- so it costs more to make the dime then the penny?
The dime really does cost more to make than the cent because of material costs but it's
hard to believe that it's really more than twice as costly.
Even if the cent were actually as inexpensive as is claimed, it's unlikely they factored in
the "costs" associated with making low relief and lower quality than necessary of all de-
nominations because of all the resources going into minting the cent which costs more
to use in practice than its value.
This coin is an anachronism. It has far outlived its usefullness. The American people and
business should be unburdened from it.