World coin collector's Blog

14 Jan 2021

Pennies should not be abolished

Coins | World coin collector

Keeping pennies in The United States is worth it. First of all, the debt started 24 years after zinc pennies were minted. Starting, in 1909 the penny was minted in lower figures than today. One problem is the mints are minting too many pennies. If they minted less pennies, they would be worth more and less cost for the national government. Like in 1931 to 1933 the coins were minted less of giving them more value. Second of all, Lincoln pennies save at least 100 lives a year according to ABC news. Also, in Canada The penny was steel starting in 1996 not 1982 a big difference. The Canadian dollar is also worth 78 cents in American money of the time of typing this essay. The American economy is very different because America had 16 percent as of 2020, however Canada had only 1.39% of the world GDP. Also, the most common prices end in .99 not .90 or.95. So, the price will be rounded up not down. Lets say you have a product being sold for 9.99 USD, If there are no pennies the business will not want to pay and extra cent for the product so they round the customer up because the US is a mixed market economy. Is 130 billion dollars, worth loosing 100 people? How would loosing 2,400 people in 24 years affect the economy? Depending on what the business does. If there are no pennies a customer will have to pay an extra 4 cents for every extra cent, that will add up a lot of money that the business does not deserve. If business increase income, then inflation will bring the dollar down. Also, the penny is an Icon of history because, 1 Lincoln, and 2 being the first coin minted at each state. That is disrespect to our nation. Why would the pennies from 1652 and later not be icons of American history? The 1792 Birch and Silver center cent were the first coins minted at Philadelphia. The silver center cent is the only penny in American history that contains silver in it. Also 1943 copper and bronze pennies are worth up to 1.7 million dollars according to heritage auctions. Also, the penny had 1/100 fraction which added something to look at and think of why it was put on there. Just think of the mintage of the 1793 wreath type large cent, Mintage 63,353. Think of the different edges on the 1792 there is the vine and bars edge, there is also the lettered edge, (ONE HUNDRED FOR A DOLLAR). The lettered edge is much rarer than the vine and bars edge. There is also a Strawberry leaf variety on the vine and bars edge with only 4 known to exist. Then there is the 1793 beaded border 1793. Then there is the head of 1794, 1795 and the Jefferson head in 1795. The 1794 starred reverse and groovy edges are the special differences on 1790s coins. In 1796 there were several different reverses like the reverse of 1794, 1795, 1797. Iron can be the new composition with a plating.

13 Dec 2020

Weekly blog

Coins | World coin collector

Welcome to my weekly blog. Why does water cause copper pennies to turn into a brown color? I also want to know how long red pennies can still have a red color in circulation. Can a coin cause a fire? I want to know what will happen with a coin if it stays in snow for 10 years, because it is snowing strong in my home state of Oklahoma, it has been 4 inches of snow. That has been the most snow since I remember. I was born in Missouri where it snowed a lot. I watched an old news story about how pennies keep drivers safe. It explained that pennies measure 1/6 of an inch of thickness on your tires right above Lincolns head, But that is only for the 1969-2009 pennies because they are not high reliefs and they are shorter on Lincolns than shield cent . Depending on how thick the treads of your tire are. Why would they still get rid of pennies if they have been talking about getting rid of them for 35 years and nothing has happened. also I read an article that for 2026 for the 250 year birth of America they will make special designed coins of every coin including the penny so they can not get rid of the penny now. Why do only business strike Morgan dollars have proof like finishes, did they spend more time on Morgan dollars because they knew lots of people liked them. Why are Morgan dollars the most popular coin to collect? Is it because they are big heavy coins that are hard to find in very high grades? Only some years of coins have lots of coins put in circulation, For example the 1901 p and 1890 p Morgan dollars had a lot of coins put in circulation. Why were there a lot of those coins put in circulation? High grade common Morgan dollars were overlooked for those Carson City minted Morgan dollars so they will have more value if put in circulation. How would early coin collectors know if the coin is rare or not, and if so why would they keep so many of that date and mint mark coin so it will be worth less? I found a 2000 wide AM in circulation that bought the value of the coin down even lower. It is the most common to find. That is what makes the value of a coin so high how common it is to find it. That is the fun of coin collecting coins. Why did war nickels rust so fast in circulation? And why were Fake war nickels made in 1944? I is easy to spot if your 1944 war nickel is fake, so what was the reason of those coins being minted?

12 Dec 2020

new coins

Coins | World coin collector

I bought a 1948 Denver AU half dollar that was mailed to me yesterday, that was my first franklin half dollar book filler with 1 out of 36 spots filled.

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