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Joseph D. McCarthy
Jim and Mike,
First Larry & I were not at the coin show to think about thee demise of the CENT. Remember, Great Britain has Pennis, the U.S. had sense (cents).
And Mike the word is circulating that they were in the process of doing away with ALL coins in the U.S. and staying with the paper money. That is till they determined that it is close to break even on printing paper currency, but that on the average they last maybe a year or two while coins seem to last forever. Next time you receive coins in change look at the dates on the coins o get an idea of when they were made.
Personally, I never thought making money on the production of coins by the U.S. Mint was it's purpose. Instead I believed that helping the economy by providing the coins to handle transactions in the business world was the reason for it's existence. They make enough money on the super infflated, but very limited supply (output), of so called collector coins.
Retailers are going through nightmares trying to transact business now that some unknown persons tried to save the government some money.
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