U.S. Mint Decides New Penny Makes Sense
CBS Evening News: Four New Pennies Depict Scenes From Lincoln's Life
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The Penny's Makeover
Marking Abraham Lincoln's bicentennial, the U.S. Mint has decided to makeover the penny to commemorate his life and achievements. Katie Couric has more.
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(CBS)
The bicentennial of Abraham Lincoln's birth is coming up, so the U.S. Mint decided that a makeover of his penny - well, it just made sense.
First, some history.
The original Lincoln penny was minted in 1909 to mark the 100th anniversary of his birth.
It replaced the Indian head penny and featured Lincoln's image on the front, and ears of wheat on the back.
In 1943, the composition of the penny was changed briefly to zinc-coated steel, because of a WWII copper shortage.
In 1959, on the 150th anniversary of Lincoln's birth, the flip side was changed to show the Lincoln Memorial.
And at that very memorial Monday, the U.S. Mint gave America a look at the new Lincoln pennies.
The familiar face remains, but on the back are new images that depict Lincoln's life.
From his birth in a log cabin to his work as a rail splitter to the beginning of his professional career and finally his presidency - when the Capitol Dome was a work in progress.
The first of the new pennies go into circulation on Feb. 12 - Lincoln's birthday of course.
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P.S. The nickel could also be eliminated.
My tip for the day; invest in green ink, the mint is going to need rail car loads of it. I hear that OSHA raided the Denver Mint and made them shut it down until they install noise abatement equipment to stifle all the racket from those printing presses going 90 to the dozen.
Soon the US dolar will be on a par with the 1922 German Mark.
www.PennyPortrait.com
It''s pretty cool.
What the?
People collect pennies. This helps bankrupt the nation and increase the trade deficit.
They are making us accustomed to different looking currency so that it will be more easy to merge into using Ameros in the new North American Union.
They cost the mint more than they are worth to keep minting, only the US Govt would continue to mint a coin that costs more than it''s face value.
The Lincoln cent is UGLY, at least the Indian Head cent was an artistic beautiful coin.
On the new dollar coins, the phrase is on the rim, a second stamping process, and easily omitted later...
Pack the streets in peaceful protest! Block the roads and shut the government buildings! Host new elections!
Return to the Constitutional election system.
Luca Ponti,
Barcelona
From his birth in a log cabin to his work as a rail splitter to the beginning of his professional career and finally his presidency - when the Capitol Dome was a work in progress.
It would of been much more fitting to put Bush''s picture on the penny. Perhaps under the slogan "Let''s have a beer together".
Maybe we can take a Reagan like approach and start giving poor kids ketchup in place of a vegetable in school meals. We can offset the cost of minting new (basically useless) pennies and the FED is happy. Thats all that matters right?
Why are they going to make changes in something they are doing away with?
Oh yeah, it is the FED govt., if you can waste it, it must be worth it.
Oh yeah, it is the FED govt., if you can waste it, it must be worth it.
Posted by docpeter1953 at 10:29 AM : Sep 23, 2008
Don''t try to use common sense when dealing with what the government does. You will make your self crazy doing that. You would think that they would at least get away from copper to lower the cost.
Posted by MyOpinion1 at 07:20 AM : Sep 23, 2008
What you are talking about is anarchy! What happens when all of these computer take a dump? We are getting way too dependent on technology.
Posted by msgtsteve at 11:03 AM : Sep 23, 2008
I stand corrected. At any rate they could use a less expensive metal to keep the cost down.
it makes no ''cents'' at all ... except to the mint ... which obviously needs something to keep them busy ... and minting pennies is just that ... ''busy work''. no doubt there''s some lobby for ''keeping the penny alive''.
these will see the same fate as the ones currently in circulation ... the garbage, the sewer, the bottom of any sundry body of water. they''re not even worth the effort to pick them up.
a useful piece of information that the story could have included was the actual cost to mint a penny ... which is now more than a penny. approximately half of all coins minted every year are pennies.
http://www.retirethepenny.org/
Posted by violets4me
Translation
America''s just a bunch of whiners.
"...go do something worthwhile to change it..."
I got an idea how about you Phil Gramm, Paulson, Bernanke, and the entire Bush Administration go to the lock up. That''s a great solution.
[Posted by MyOpinion1 at 07:20 AM : Sep 23, 2008]
cash is king ... always has been ... and always should be.
all your activity is being tracked when you use an electronic card ... and that information is traded and sold widely without your knowledge or consent.
http://www.acxiom.com/
http://en.wikipedia.org/wiki/Acxiom
'' .. paid most little kids nothing: they bloomed eternitys of bouquets silly, paid a few little farmet kids next to nothing: they grew enough to feed worlds, gave all to little soldiet kids: they forced retailets & wholesalets to recycle half of food for no one has money; and, baked more trillions dollars war babys than all combined .. said ''we didn''t do it, but we got most that did'' .. ''
'' .. is pretty duh, lil girls & boys that solely hide in woods & beat each other yield a combined / averaged / most folk most time academic score less than those what frolic in meadows dancing dances & singing songs about academic & other self industrys .. so kids can download curriculums & proceed to frolic while beat by under-cover instructots when & where they beat each other .. ''
'' .. don''t dance get well feed world get sick tax world hike naked dance dressed hike dressed dance naked porn songs partyd rallyd round sick beds what swim drift spore bloom weed dragon trail fickl firs aid lunch farm cottage studio trail crossing yseedsberry trail group subsistence farms .. ''
'' .. u pay me $1 of your gift certificates, i''ll maybe loiter 20 mins around your sick beds, i''ll maybe participate or otherwise song dance skit kit and / or bloom, and when i need a bed: it''ll be one yours and when i need some lunch: it''ll be some of yours .. ''
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by cheetah-man7
September 25, 2008 5:44 PM PDT
- Hang on to all those bothersome pennies. Each of them represent the new dollar!
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