[net.rec.coins] Lincoln Pennies

claus (11/10/82)

	This news group has to be the most quiet of all the ones
I read.  Maybe this will get it going.  In response to the
question about Lincoln cents being minted in '83 and beyond, who
cares?  You can't call something that is going to be produced
by the billions a collector item no matter what it is made of.
My hard line stance is that making a penny is ridiculous. A
nickel nowadays is worth less than a penny was during the thirties.
Did people complain about rounding things off to the nearest
penny back then?  Why can't the penny just be dumped. I throw
the ones I get in a jar and take them to a bank when I have about
two dollars worth.  If every purchase was rounded off to the 
nearest nickel, I would come out even and save a lot of work besides.
	Can anyone come up with a good reason to keep the penny?
	They should also call the nickel a half-dime like it was
originally.
	I feel there has to be changes made to the current monetary
system of the U.S.  Does anyone have views on this? 

				Dave Claus
				BTL/Indy

dce (11/12/82)

I kind of like the idea of rounding to the nearest nickle, but we need
pennies! I would never put a nickle on a railroad track, or throw it on
the floor of my room, but my rromate and I have around 500 on the dorm
floor right now to buy six-packs at the end of the semester. In addition,
pennies are luck collectors. If you find a head-up penny, it contains
luck which will be transferred to you, a tails up one will take your
luck away until it is full, leaving most mortals luckless for awhile.
My suggestion is to invert the money system, making pennies worth a
dollar and dollar coins worth a penny. That way, rich people with lots
of silver coins would be poorer than me. In fact, we should go all the]
way. Make pennies=$10,000 and $10,000 bills=1cent. Then I could buy more
beer.

			David Elliott