Community Voice Responses (02/14/2012)
From the Jan. 13 Numismatic News E-Newsletter: Some now believe numismatics is only a rich man’s game. Do you agree? Here are some answers sent from our e-newsletter readers to Editor, Dave Harper.
Enough already. The 1 cent piece needs to be eliminated. The cost to produce is prohibitive and it serves no useful purpose. Increasing its value will only prolong the agony of its ultimate removal. There are many ways the Mint can save money and make a profit. Trying to salvage the penny is not one of them.
Bryan Willis Los Lunas, N.M.
If it costs 2 cents, then shouldn’t they be worth a minimum of 3 cents?
Jon Kukk Naples, Fla.
Why not 2.5 cents, their true value? And while we are at it, quit making the half and the paper dollar.
Mike Metras Santa Fe, N.M.
The President should ask Americans to turn in their pennies – there are billions of them out them in pickle jars and sock drawers. We don’t need to mint any more. And the banks need to cooperate on processing the loose change.
Scott Cordry Dallas, Texas
With inflationary times, perhaps a 2-cent coin is possible. In truth, in the Netherlands, the 1 cent euro coin doesn’t circulate. Shop owners have already rose and lowered to the nearest 5-cent denomination. Even before the euro (on the guilder system), this has been a common practice. I have made several trips there and have found no inconvenience to this system. The cent for circulation can be eliminated to save our federal government thousands of dollars. This leaves the lowly cent for proof and uncirculated sets only. Remember, lower expenses could mean lower taxes for all. The savings to the banking system can possibly mean lower fees as well.
Gary Kess Escalon, Calif.
I have been saying all along, that the 1 cent should be made into a 2-cent piece.
It would be easy for the mint to do, all you need is a die with 2 cents on it.
Also, all the cash registers made these days can be changed over to calculate to the nearest 2
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