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 Where have all our pennies gone?
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Cerulean
Penny Hoarding Member


USA
993 Posts

Posted - 04/12/2007 :  21:06:48  Show Profile Send Cerulean a Private Message
Please give this article of mine a read, and let me know what you think.

You must be logged in to see this link.

Time for me to crack open my next box. :)

RUNNING TOTAL
--------------------------
987 zincs (1982-2006) 77.7%
283 coppers (1959-1982) 22.3%
7 wheats (1935-1952)
1 Canadian (1977)
1 dime (2004)

n/a
deleted



479 Posts

Posted - 04/12/2007 :  22:32:43  Show Profile Send n/a a Private Message
Thanks for the link.

I read the article and it seems to be saying that none of the reasons he puts froward can alone account for the chart he includes at the top of the page. It seems fair to conclude that all of them have some input, but not eqwally so.

I think the one that has the most impact is the use of credit cards. He counters this by saying that the effect (fewer pennies being minted) is not seen in the other coins. Perhaps the effect is not YET seen in the other coins, time will tell.

I also followed a link on that page to here:
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I also enjoyed this article.

The 1, 2, 5, 10, 20, 50, lineup makes perfect sense to me.

I think that each generation owes it to themselves to make an effort to do something that they can be proud of.

For Example:

My Parent's generation failed to switch over to metric measurements Shame on them!
They could be proud of the efforts they made, but no, they are ashamed of the efforts that they failed to make.

Making the move to the above mentioned 1, 2, 5, 10, 20, 50, 100 denomination series from this article
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is NOT a democratic process.
I wish that the American people had some degree of say in "our" money, but we don't.
The Federal Reserve Banks are privately owned.
No democracy there!

As Woodie Guthrie realized,

"As I went walking I saw a sign there
And on the sign it said "No Trespassing."
But on the other side it didn't say nothing,
That side was made for you and me."

Many sing the song, "This land is your land"
with the words, "Private Property" where the words, "No Tresspassing" occur in the famous recording, precisely because Woody Guthrie wrote it that way and sang it that way in live performances.

One can debate who forced him to use the words, "No Tresspassing" in the famous recording.

"Property" rhymes with " ... you and me"
Tresspassing does NOT rhyme with " ... me."

When you've heard both versions, you'll understand that the song was an affront to private property.


In the squares of the city - In the shadow of the steeple
Near the relief office - I see my people
And some are grumblin' and some are wonderin'
If this land's still made for you and me.

..................................................................................................

28 times 13 = 364

We cannot divide the 365.25 days of a year into eqwal parts.
We never have and never will.

We cannot even divide the 365 whole days or integer days into eqwal parts.
But we could have a year that is 364 days long.

I propose that we use a calendar made up of 13 months of 28 days each.
Then every five years we have a five day long party or holiday
that would serve the function that leap days now serve every four years.

Edited by - n/a on 04/12/2007 22:55:28
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Gresham
Penny Pincher Member



184 Posts

Posted - 04/12/2007 :  22:35:21  Show Profile Send Gresham a Private Message
I noticed that the price of zinc wasn't factured into any of the reasons. Maybe the mint just wants to save money. We were due for an increase in pennies and the mint can't afford it.
Not very much was mentioned of the dime in this article either, even though they had a nice chart showing how the dime production has increased just about every year.
IMO the dime has become the new penny of the 1970's. Perhaps there is a new phomomenon of rounding to the nearest dime.

Edited by - Gresham on 04/12/2007 23:03:02
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