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Poll: Time to kill the Penny? Great YouTube Video Attached.
53BKid
Posts: 2,164 ✭✭✭
This is a repeat of a poll I made a couple years ago. Enjoy the video if you haven't seen it before!
FYI: In 2011 the poll was 78% in favor to kill it vs. 22% to keep it. Wondering if board memebers feel differently now.
This comical video is persuasive! Check it out!
Time to kill?
FYI: In 2011 the poll was 78% in favor to kill it vs. 22% to keep it. Wondering if board memebers feel differently now.
This comical video is persuasive! Check it out!
Time to kill?
HAPPY COLLECTING!!!
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Comments
W.C. Fields
Liberty: Parent of Science & Industry
please add a new option
*Don't care about keeping or losing the lincoln cent, but vote this video as totally hilarious and ironic
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GET RID OF IT!!
2) distribute just like the Kennedy half dollars are now.
3) make a mintage of only 100,000.
4) limit to 5 per household.
Sugar magnolia blossoms blooming, heads all empty and I don't care ...
I love copper cents but I agree it is long past time we killed it.
Lance.
<< <i>Yes, Kill the cent! Its worthless and costs as much to produce as its worth. Who needs 10B MORE of these things each year?!? And while you are at it, get rid of the nickel and dime, too. Then stop printing dollar bills and get the dollar coins into circulation. >>
Nothing but inertia and and the lack of a self-serving rabid interest group pushing it keep this bugetary absurdity alive.
If Congress can't kill off low-hanging fruit like this to deal with the deficit, what hope is there for the hard stuff??
Here's a warning parable for coin collectors...
<< <i>Good video. I like how it has over 5000 likes and only 528 views
oh, maybe I am reading the stats wrong again
Seriously, that video has a good argument and it is well presented. As a collector I started with the Lincoln Cent and I hate to see the "Collector" side of the cent go away but as a consumer... I say it needs to go.
As with the end result of this argument every time, we should drop it out of the stores and keep it for collectors... Seems like this would satisfy both sides.
Ray
<< <i>
<< <i>Good video. I like how it has over 5000 likes and only 528 views
oh, maybe I am reading the stats wrong again >>
no your not its says over 6k now must be a lot of people viewing this today.
<< <i>I voted, "it's long past time" >>
If the Congress ever eliminates the cent, they should keep a limited issue for mint and proof sets in bronze.
I found it interesting that the half-cent in 1857 had the buying power of a dime today.
Ron
If you ever see a loaf of bread for sale at $4,998.99 you can be sure that the penny is a significant part of the reason. Buy, hey, at least you'll get a penny back.
<< <i>dump the paper dollar and, well ... never mind. Been discussed before. >>
At this point, $10 and below should be coins!
Ditch the cent!
Make it the size of the three cent silver if we have to keep it.
Bring back the half dime and get rid of the nickel!
Yes the face would be the same, but the amount of metal would be smaller.
<< <i>
<< <i>dump the paper dollar and, well ... never mind. Been discussed before. >>
At this point, $10 and below should be coins! >>
$5's and up should be paper, but we definitely need to ditch the $1 and $2 paper.
They could keep making them for collectors though. Imagine making $1 and $2 bills with serial numbers made to order.
<< <i>Great video. "More representative of their true value, like plastic, - or lint."
...if they do away with them, what the heck will i put in my loafers
Isn't the question, should they stop making more? there are over 100 billion pennies, and no one will ever EVER destroy them all.
I think you'll be able to find a pair for your shoes, and I think people would (will) still use pennies for change in transactions for a long long time after they stop making new ones.
Liberty: Parent of Science & Industry
...pennies aren't hard to find. penny loafers are.
Two comments:
1. I totally agree with the Coinstar comment. I've never quite understood the laziness of some people.
2. All found change goes into a jar for my 2 yo granddaughter. In 2 1/2 years there's over $40. That will siqnificantly my granddaughters future "found change" earnings.
restrict mintages to mint sets and proof sets.
no rolls.
Oh Gawd the Flippers would go WiLd!
<< <i>Why not just make cents for collectors in mint sets >>
That's a cake-and-eat it too solution that makes too much sense, it would never work!
<< <i>I vote NO. Lincoln cents are one of the most widely collected series of all time -- partly due to the fact that they are are a regular-issue circulating coin that people are familiar with. Non-regularly circulating issues like Kennedy halves and Sacagawea/Presidential dollars have a collector base too, but since those denominations aren't as readily available to the average person, it's much more of a niche market (lower demand and lower liquidity). I imagine the same thing would eventually happen if the Lincoln cent were withdrawn for circulation -- which would be BAD for dealers and collectors alike. Are you sure that's what you want?
we can't make circulating coinage decisions based solely upon the collector's desires.
are you going to suggest that the half cent should have continued to be made so collector's wouldn't be hurt???
(I could come up with one liners all day)