Re: [Error Coin Information Exchange] Re: Pennies and rumors of no pennies
- Well Mike, thanks for your opinion,.....I've been thinking about it and it makes no sense to me why they keep making plated pennies at such a high cost, I figured they could just as easily make a stainless steel penny or some grade of steel penny that would be better than ther 1943 type that wouldn't rust or even a V penny that could be used as a variable value coin like between 1 & 3 cents, I dunno but if indeed this is the last year for the lincoln memorial cent, collectors are gonna be hoarding the heck out of everypenny they come across.Nathan SimmonsFrom: Mike Diamond <mdia1@...>
Sent: Monday, April 23, 2012 7:40 PM
Subject: [Error Coin Information Exchange] Re: Pennies and rumors of no pennies
I am not in any position to speculate. Dropping the cent would make economic sense since it costs 2.7 cents to produce each coin. If it is abandoned, it certainly won't be the first denomination to be retired. It wouldn't make any difference to me. They'll still be collectable, just like half cents, two-cent coins, and three cent coins.
--- In email@example.com, "nathan" <theoregonartist@...> wrote:
> To whoever should like to attack this question, perhaps Mike diamond?
> I've been hearing that The good ol USA will no longer be minting the penny after this year and in fact Canada has halted it's production for certain.....after calling the P Mint, and asking about this matter, they told me they could not comment on the matter!....I thought that was quite unusual. so I went ahead and bought a box from E-bay (P mint) and then one of the (D mint)as well just in case. so what is your os anybody's take on this matter, do you think we go back to the steel penny? or an aluminum penny or just what?
> Nathan Simmons