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  4. The tyranny of the penny

The tyranny of the penny

Scheduled Pinned Locked Moved Off Key - General Discussion
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  • wtgW Offline
    wtgW Offline
    wtg
    wrote on last edited by wtg
    #1

    I was disappointed to learn, recently, that the United States has created for itself a logistical problem so stupendously stupid, one cannot help wondering if it is wise to continue to allow this nation to supervise the design of its own holiday postage stamps, let alone preside over the administration of an extensive Interstate highway system or nuclear arsenal. It’s the dumbest thing I ever heard. I have come to think of it as the Perpetual Penny Paradox.

    https://www.nytimes.com/2024/09/01/magazine/worthless-pennies-united-states-economy.html?unlocked_article_code=1.KE4.Zc6B.VTi288BgCq75&smid=url-share?utm_source=join1440

    We have a ton of pennies and other coins. Mr wtg used to collect them and we have a stash of them packed away in Marlboro boxes, sorted by denomination and year. The dimes and quarters are dated 1964 or before, so they're all silver. I have no idea why we're keeping them. Are they worth any more than face value? We know there aren't any rare ones like the 1909 S VDB penny, but I wonder if their silver content means the sell at a premium....

    When the world wearies and society ceases to satisfy, there is always the garden - Minnie Aumônier

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    • S Offline
      S Offline
      Steve Miller
      wrote on last edited by
      #2

      Very informative.

      Thanks!

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      • S Offline
        S Offline
        Steve Miller
        wrote on last edited by
        #3

        If this website is to believed your silver coins could be worth quite a bit over face value.

        https://stacksbowers.com/melt-value-calculator/#:~:text=of this coin?-,Quantity:,melt value of this coin?

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        • Big_AlB Offline
          Big_AlB Offline
          Big_Al
          wrote on last edited by
          #4

          That was an interesting read about something of trivial value. The author went to great lengths to explore the subject.

          I know where some of the missing pennies reside. I have a friend who has a five-gallon water jug in his bedroom that he has dropped pennies into until it was completely filled. It's too heavy to be moved without a dolly. I don't know what he intends to do with it if and when he leaves his house permanently. I suspect it will become someone else's problem, just like pennies in general.

          Big Al

          Money seems to buy the most happiness when you give it away.

          Why does everything have to be so complicated, all in the name of convenience. -ShiroKuro

          A lifetime of experience will change a person. If it doesn't, then you're already dead inside. -MarkJ

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          • wtgW Offline
            wtgW Offline
            wtg
            wrote on last edited by
            #5

            I hope your friend's water jug is plastic and not glass. We had a glass one and it shattered completely when we gave it a slight push to move it. Shards of glass and hundreds of pennies to clean up.

            When the world wearies and society ceases to satisfy, there is always the garden - Minnie Aumônier

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