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Do Pennies make SENSE?
The Washington Times ^ | 2/13/09 | Jennifer Harper

Posted on 02/13/2009 7:48:07 AM PST by lakeprincess

The minting of 4 new Lincoln cents has got the anti-penny crowd in an uproar - complete with civil disobedience calling for the end of penny use. They're vexed at the "zinc lobby."

(Excerpt) Read more at washingtontimes.com ...


TOPICS: Culture/Society; Government; Philosophy
KEYWORDS: lincoln; lobby; pennies; zinc
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1 posted on 02/13/2009 7:48:09 AM PST by lakeprincess
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To: lakeprincess

The zinc barrons have a deathgrip on us all.


2 posted on 02/13/2009 7:49:39 AM PST by cripplecreek (The poor bastards have us surrounded.)
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To: lakeprincess

The crazies need something to get uproarious about.


3 posted on 02/13/2009 7:50:26 AM PST by Tempest (Greed is putting money before PEOPLE.)
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To: lakeprincess

Yes i use mine to pee with


4 posted on 02/13/2009 7:50:40 AM PST by al baby (Hi mom. I love sarcasim)
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To: lakeprincess

Considering they will be worth about 1/1,000,000th of a current value dollar soon, nope.


5 posted on 02/13/2009 7:52:28 AM PST by CodeToad (Liberalism is Communism, and both are a mental disorder. Grow up.)
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To: lakeprincess

All your gasoline, grocery, general retail,etc. taxes rounded up to the nearest nickel? A %6 tax would become ten.


6 posted on 02/13/2009 7:53:13 AM PST by allmost
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To: lakeprincess

They do not.
Perhaps for sales tax increases they do.

The time wasted counting these out is silly.

People won’t even pick them up off the ground.

Caution strong language, but funny!....

http://www.youtube.com/watch?v=FffTJk-gFKc

I love the artwork of the new coins though but..
Honor Lincoln some other way!


7 posted on 02/13/2009 7:53:15 AM PST by Names Ash Housewares (Refusing to kneel before the socialist messiah. 1-20-13 Freedom Day.)
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To: Names Ash Housewares
"People won’t even pick them up off the ground."

I do.

8 posted on 02/13/2009 7:54:34 AM PST by Mad Dawgg ("`Eddies,' said Ford, `in the space-time continuum.' `Ah,' nodded Arthur, `is he? Is he?'")
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To: Mad Dawgg

I pick them off the ground, too.


9 posted on 02/13/2009 7:55:42 AM PST by McKayopectate
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To: lakeprincess

“Do Pennies make SENSE?”
*********************

No, but neither do dollars/$$$$$ make sense—else why would “h” be shoveling them by the trillions down his gubmint blackhole?


10 posted on 02/13/2009 7:59:28 AM PST by gunnyg
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To: lakeprincess
Get ready for the Obama penny. It has already started.


11 posted on 02/13/2009 8:00:21 AM PST by earlJam
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To: Mad Dawgg

me too never pass one up i may be a bit superstitious


12 posted on 02/13/2009 8:01:08 AM PST by al baby (Hi mom. I love sarcasim)
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To: lakeprincess
The last time the US got rid of a coin was the half cent in 1857. A half cent back then is worth about ten cents now. Getting rid of it was the equivalent of dumping the penny, nickel and dime now and just using quarters as the smallest value coin. It is long past time to dump the penny.
13 posted on 02/13/2009 8:01:20 AM PST by KarlInOhio (On 9/11 Israel mourned with us while the Palestinians danced in the streets. Who should we support?)
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To: allmost

“A %6 tax would become ten.”

Actually, it only would if you purchase something for a dollar. As far as purchase greater that $1, it would never be more than 4 cents per purchase.

For example, if you bought something for $52.46, with 6% sales tax it would come to $55.61. Without a penny you would have to round (up I assume) to $55.65. The effective tax rate on that purchase is 6.08%, not 10%.


14 posted on 02/13/2009 8:01:56 AM PST by samson1097
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To: lakeprincess

Yes. They are quite useful to purchase Swedish Fish.


15 posted on 02/13/2009 8:02:26 AM PST by JenB987
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To: Mad Dawgg

I used to.


16 posted on 02/13/2009 8:02:46 AM PST by Names Ash Housewares (Refusing to kneel before the socialist messiah. 1-20-13 Freedom Day.)
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To: Mad Dawgg; McKayopectate

Me too......depending on surface conditions.....


17 posted on 02/13/2009 8:03:53 AM PST by BenLurkin (Mornie` utulie`. Mornie` alantie`.)
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To: lakeprincess
"Do Pennies make SENSE?"

They sure work great in my fuse box!

18 posted on 02/13/2009 8:03:55 AM PST by Joe 6-pack (Que me amat, amet et canem meum)
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To: Names Ash Housewares

I’ll say it again, “Get rid of the filthy dollar bill! Dollar coins only!” Dollar bills become germ ridden and wear out in no time. We keep paying over and over, to print new ones. I get coins at the bank, and use them all the time. Also ask for coinage as change from merchants.


19 posted on 02/13/2009 8:03:56 AM PST by Dr. Bogus Pachysandra ( Ya can't pick up a turd by the clean end!)
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To: lakeprincess

We lose several billion dollars every year because we keep making pennies from what I recall.


20 posted on 02/13/2009 8:04:29 AM PST by Badeye (There are no 'great moments' in Moderate Political History. Only losses.)
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To: lakeprincess
Zinc pennies SUCK! The rapidly decompose in the ground to pitted and holed crap and the numbers minted today insures that the average relatively un-detected old city park is going to have thousands of them to noodle through to get to the good stuff when metal detecting.

They also contaminate the soil and poison anything that ingests them (dogs, kids, geese, etc...)

The top row here is post 1965 Quarters, then dimes, then 1959-82 Lincoln Memorial cents. The pennies around the key are zincs, along with a few nickels and lawnmower clipped coins. The bottom demonstrates the resilience of real money, wheat cents to the 20's and silver dimes as old as 1917-S (S being the mark for San Francisco's mint). This is from a single hunt in December. Save the coppers, cull them from circulation and enforce Greshams Law!


21 posted on 02/13/2009 8:08:02 AM PST by Axenolith (Government blows, and that which governs least, blows least...)
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To: cripplecreek

GET BIG ZINC OUT OF GOVERNMENT!

Cough ... ahem, where did that come from?


22 posted on 02/13/2009 8:09:40 AM PST by eclecticEel (Wall Street isn't a charity ... so why are we giving them money?)
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To: Dr. Bogus Pachysandra

Paper money is more convenient. It’s lighter, flexible, and smaller. I won’t have anything to do with dolalr coins. There’s good reasons why they fail where ever introduced unless the government also removes the paper equivalents. Paper money is superior for the users (that’s us), and the government is supposed to serve us.


23 posted on 02/13/2009 8:09:42 AM PST by razorboy
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To: Dr. Bogus Pachysandra

Have you ever lived in Canada? Carrying around Loonies and Toonies is a workout....


24 posted on 02/13/2009 8:10:50 AM PST by goodnesswins (Tell the truth - GOEBBELIZATION (propaganda) is what many voters suffer from.....)
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To: lakeprincess

I think they make cents. (couldn’t resist!)


25 posted on 02/13/2009 8:10:51 AM PST by cotton1706
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To: KarlInOhio

Actually, the last coin we got rid of was the 20 cent piece (1878). Before that it was the half dime (1873)...


26 posted on 02/13/2009 8:11:33 AM PST by Axenolith (Government blows, and that which governs least, blows least...)
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To: eclecticEel

Never ever miss a bandwagon. You can always jump off and walk nonchalantly away when the other folks on it start looking nutty.


27 posted on 02/13/2009 8:12:15 AM PST by cripplecreek (The poor bastards have us surrounded.)
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To: Badeye

Actually, up until the runup in copper a couple years back, the treasury made about 50 million a year in sovereignage on pennies. It’s probably back to positive with base metals being down...


28 posted on 02/13/2009 8:13:29 AM PST by Axenolith (Government blows, and that which governs least, blows least...)
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To: razorboy

I’m not against paper money. Only dollar bills. So ya gotta carry for Quarter-sized coins. Big deal!
“It costs the US government 4.2 cents to produce a U.S. bill. US currency bills are printed by the Bureau of Engraving and Printing (BEP). The BEP prints about 16,650,000 one dollar bills each day. Most of these are used to replace worn, older bills (which are shredded). According to the US Treasury, there are billions of one dollar bills in circulation.

LIFE SPAN: The average dollar bill has a life span of about 18-22 months.”


29 posted on 02/13/2009 8:14:09 AM PST by Dr. Bogus Pachysandra ( Ya can't pick up a turd by the clean end!)
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To: samson1097

Thank you for saving me the time of explaining that!


30 posted on 02/13/2009 8:14:23 AM PST by TankerKC (Yes we can? I already could.)
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To: lakeprincess
No, but dollars make scents!

31 posted on 02/13/2009 8:14:31 AM PST by evets (beer)
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To: Dr. Bogus Pachysandra

Never get rid of one dollar bills. Do you realize how inconvienent it would be at the gentlemans club?


32 posted on 02/13/2009 8:14:56 AM PST by samson1097
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To: Dr. Bogus Pachysandra

Last time a got a SquawBuck for change, I handed it back and requested paper.


33 posted on 02/13/2009 8:15:20 AM PST by AFreeBird
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To: lakeprincess

We need them so when you go places that have those machines that for 1.00 will smash a penny so you can remember where you went.


34 posted on 02/13/2009 8:15:54 AM PST by ThomasThomas ( Accept it, there is no except after in math.)
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To: Axenolith

Hmmm. I’ve heard and read its a losing proposition no matter what the cost for base metals are, of a couple of billion per year.

I don’t have a link, just recall what I’ve read.


35 posted on 02/13/2009 8:16:48 AM PST by Badeye (There are no 'great moments' in Moderate Political History. Only losses.)
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To: Dr. Bogus Pachysandra
It is a big deal. There's a reason man kind moved FROM metal money TO paper. Paper is more convenient. Put 10 dollars in 1s in one pocket and 10 dollars in the metal denomination of your choice in another, carry them all day, notice which way your pants are tilting. Metal money stinks.

I don't care how much it costs the government to print the money. It's one of the only things they spend money on that's actually part of their Constitutional mandate. The cost of making 1 dollar bills is negligible on the books, less than half of pretty much any of the unconstitutional projects. If you want to save government money dump welfare, leave my ones alone.

36 posted on 02/13/2009 8:18:58 AM PST by razorboy
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To: razorboy

16,650,000 X 4.2cents = $ 699,300 a day! If using 365 days a year, that’s $255,244,500 per year, for something that gets shredded after 18 months.
(Did I do the math right? I’m rotten at math!)


37 posted on 02/13/2009 8:22:34 AM PST by Dr. Bogus Pachysandra ( Ya can't pick up a turd by the clean end!)
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To: ThomasThomas
We need them so when you go places that have those machines that for 1.00 will smash a penny so you can remember where you went.

I did that when I was at Tahquamenon falls up north last summer. It was a hand cranked press and only cost fity cent.
38 posted on 02/13/2009 8:23:26 AM PST by cripplecreek (The poor bastards have us surrounded.)
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To: samson1097

You just have to put the coins in the slot! What’s complicated about that?


39 posted on 02/13/2009 8:23:49 AM PST by Dr. Bogus Pachysandra ( Ya can't pick up a turd by the clean end!)
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To: lakeprincess
Here's an interesting little item about the history of Lincoln pennies . . .

During World War II the U.S. government needed copper for the production of ammunition, so for one year (1943) the Lincoln penny was actually produced with steel instead of copper.

There are still a bunch of these in circulation, but it's hard to find any of them with their original shiny luster because the steel corrodes very easily over time.

40 posted on 02/13/2009 8:26:16 AM PST by Alberta's Child (I'm out on the outskirts of nowhere . . . with ghosts on my trail, chasing me there.)
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To: Dr. Bogus Pachysandra

This year’s Medicare budget is 12.9 BILLION dollars. Or a little over 50 times that much. And it’s 100% unconstitutional.


41 posted on 02/13/2009 8:27:06 AM PST by razorboy
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To: razorboy

I completely agree! But, I like to save wherever possible, and shredding money is incredibly wasteful. You never have to carry more than 4 dollar coins anyway. The next increment is the $5 bill in your wallet. 4 coins don’t make my pants sag.


42 posted on 02/13/2009 8:32:07 AM PST by Dr. Bogus Pachysandra ( Ya can't pick up a turd by the clean end!)
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To: lakeprincess

All the Lincoln haters here on FR would probably like to get rid of the penny.


43 posted on 02/13/2009 8:32:13 AM PST by caver (Obama's first goals: allow more killing of innocents and allow the killers of innocents to go free.)
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To: Dr. Bogus Pachysandra

As saving money goes though this is nothing. Medicare is more this year than we’ve spent printing 1s since Ike was president.

YOU might never carry more than $4 in singles, I do. 1s are more useful than 5s, a lot of vending machines don’t do 5s. Dollars coins stink. They’re heavy, they’re inflexible, coins in general don’t sort easily. Paper money is better for everybody except the government, and they work for us.


44 posted on 02/13/2009 8:36:09 AM PST by razorboy
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To: Badeye
It was just under a cent in 2005, which is all I could grab a figure from quickly. The fact that they circulate more than once means they derive more "use" than the cost would imply too.

Additionally, they'll be a de-facto sub money in accellerated inflation as their value will rise rapidly. Just look to the scarcity of coinage circulating at "face" value in Zimbabwe for an example...

The best arguement for keeping the penny is that apparently that dim bulb Katie Couric thinks it's a good idea to ditch it, that's a counter trend signal if there ever was one...

45 posted on 02/13/2009 8:38:30 AM PST by Axenolith (Government blows, and that which governs least, blows least...)
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To: KarlInOhio

“It is long past time to dump the penny”

It’s long past time to declare KarlInOhio a useless eater!


46 posted on 02/13/2009 8:39:58 AM PST by dalereed
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To: lakeprincess
Here's the new penny design :


47 posted on 02/13/2009 8:41:42 AM PST by mysterio
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To: samson1097

We’d probably be able to round down too... I don’t see it happening politically otherwise, this would be a tax that hurts the poor more than the rich!


48 posted on 02/13/2009 8:41:43 AM PST by ConservativeColumns
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To: razorboy

I guess we have to agree to disagree. You’ve made your points, I’ve made mine. You like the convenience, I dislike the waste. Gotta go do my daily stuff at the water company. Got a Hipshot to install this pm. Later!:)


49 posted on 02/13/2009 8:45:28 AM PST by Dr. Bogus Pachysandra ( Ya can't pick up a turd by the clean end!)
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To: lakeprincess

This may be good time to revalue the currency, 1 for 10. A dime would buy what a dollar did. COPPER Would be 20-30 cents/lb. and you cold make several hundred of them out of a pound.


50 posted on 02/13/2009 8:49:28 AM PST by Waco
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