View Full Version : I got a hunch
kc7jty
04-19-2008, 07:43 AM
....can't prove it, but I'll bet the people who vote are much more likely to want to keep the penny in circulation than those who don't vote.
Two stupid things that do nothing but make people feel good about themselves.
W3MIV
04-19-2008, 11:19 AM
I got a hunch, too. Yer jest tryin' ta start sumpin! :eek:
N4VGB
04-19-2008, 02:28 PM
The penny and it's rapid accumulation in your pockets is critical to the clothing industry. They accelerate the appearance of holes and few would bother to sew a hole in the pocket of pants today. Where would Goodwill be without your old trousers, that are perfectly good except for that hole in the pocket!? How else could the retailers constantly replenish your clothing supply!? The penny may be a critical economic factor! :cool:
K9STH
04-19-2008, 05:00 PM
JTY:
Those who vote to keep the "penny" in circulation are most likely to be located in the United Kingdom. In both the United States and Canada there is no such coin as a "penny". We have one cent coins and not a penny coin.
Years ago there was a lawyer in South Bend, Indiana, who had amassed several hundred parking tickets and was finally "hauled into court". After the prosecutor outlined the charges the lawyer requested that a parking meter be brought into the courtroom. A police officer was dispatched to remove a parking meter from in-front-of the courthouse and it was brought into the courtroom. On the meter was a sign which said "for 12 minutes deposit one penny". The lawyer then produced a penny (which, at that time, was a British coin about 1.25 inches in diameter) and tried to put the coin in the parking meter. Of course it would not "fit". The prosecutor then pulled a coin from his pocket and then started to deposit it in the parking meter saying that his "penny" definitely would work.
The lawyer then took the "penny" from the prosecutor's hand and presented it to the judge. Next the lawyer said to look at the "tails" side of the coin. The embossing on the coin said "one cent" and NOT "one penny". Now the British coin which the lawyer had definitely said "one penny". The prosecutor objected but the judge had to agree with the lawyer. The United States coin was legally "one cent" and not "one penny". All of the parking tickets issued to the lawyer were dismissed. Now if the lawyer had "pressed" the issue by having a "class action" against the city every fine ever issued for overtime parking would have to have been refunded with interest. However, the lawyer did not bring a class action against the city.
Immediately the city had new "stickers" printed for the parking meters which said "for 12 minutes deposit one cent" and by noon the next day every parking meter in the city had these stickers applied.
Now the "slang" term for the one cent piece is "penny" and even most of the coin wrappers used by banks have this printed on them. However, in a legal sense the coin is NOT a "penny" but is a "one cent piece".
Glen, K9STH
I am pleased to be able to confirm the pence piece I just pulled from my pocket does indeed say "penny" on the obverse face.
kc7jty
04-19-2008, 07:15 PM
JTY:
Those who vote to keep the "penny" in circulation are most likely to be located in the United Kingdom. In both the United States and Canada there is no such coin as a "penny". We have one cent coins and not a penny coin.
Years ago there was a lawyer in South Bend, Indiana, who had amassed several hundred parking tickets and was finally "hauled into court". After the prosecutor outlined the charges the lawyer requested that a parking meter be brought into the courtroom. A police officer was dispatched to remove a parking meter from in-front-of the courthouse and it was brought into the courtroom. On the meter was a sign which said "for 12 minutes deposit one penny". The lawyer then produced a penny (which, at that time, was a British coin about 1.25 inches in diameter) and tried to put the coin in the parking meter. Of course it would not "fit". The prosecutor then pulled a coin from his pocket and then started to deposit it in the parking meter saying that his "penny" definitely would work.
The lawyer then took the "penny" from the prosecutor's hand and presented it to the judge. Next the lawyer said to look at the "tails" side of the coin. The embossing on the coin said "one cent" and NOT "one penny". Now the British coin which the lawyer had definitely said "one penny". The prosecutor objected but the judge had to agree with the lawyer. The United States coin was legally "one cent" and not "one penny". All of the parking tickets issued to the lawyer were dismissed. Now if the lawyer had "pressed" the issue by having a "class action" against the city every fine ever issued for overtime parking would have to have been refunded with interest. However, the lawyer did not bring a class action against the city.
Immediately the city had new "stickers" printed for the parking meters which said "for 12 minutes deposit one cent" and by noon the next day every parking meter in the city had these stickers applied.
Now the "slang" term for the one cent piece is "penny" and even most of the coin wrappers used by banks have this printed on them. However, in a legal sense the coin is NOT a "penny" but is a "one cent piece".
Glen, K9STH
Think we should keep the ONE CENT PIECE STH?
BTW - I'm voting for the s*** sandwich.
w5klb
04-19-2008, 07:46 PM
Think we should keep the ONE CENT PIECE...?
No, they are dangerous to trains.
Strange... I thought I distinctly heard some groaning.
:p
w5klb
04-19-2008, 07:50 PM
BTW - I'm voting for the s*** sandwich.
Which one: Hillary or Obama?
P.S. Bon appetite.
Which one: Hillary or Obama?
Maybe even McCain just for laughs.
I'll have to flip a coin and play best out of 3 in an elimination scenario I think.
w5klb
04-19-2008, 08:12 PM
Maybe even McCain just for laughs.
I'll have to flip a coin and play best out of 3 in an elimination scenario I think.
Yepper buddy, that's a roger.
K9STH
04-19-2008, 08:35 PM
JTY:
Yes, we need to keep the one cent piece. Most states have a sales tax and quite often the total amount due on a purchase does not end on an even 5 or 0. Now I cannot see any state rounding "down" and therefore all purchases would be rounded "up" including those amounts that should be rounded down (those sales ending with a 1, 2, 6, or 7). On any single purchase this would not be considered excessive. However, over a period of time this additional tax does "add up" for the individual.
For the past several decades the one cent piece has not been made from copper and that is OK with me. Various countries have started making the smaller denomination coins from aluminum although that has not happened here in the United States. One of the primary reasons that the one cent piece is not made from aluminum is the problem in vending machines. However, even the old gum ball machines no longer take a one cent piece this requirement that the coin be able to be used in vending machines no longer has any validity.
Silver has been eliminated from coins just like copper and the use of gold does not equate to the "face value" of gold coins (i.e. a "double eagle" is no longer worth $20 but considerably more) as well. Since coins today only represent a "medium of exchange" and not a "true" value in precious metal, I would not be opposed to the use of a very cheap metal (like aluminum) in the production of coins. Now this would require changes in vending machines but over a period of time this would not be unsurmountable. The savings to the United States Mint would be considerable when measured over a period of time.
Glen, K9STH
kc7jty
04-19-2008, 10:53 PM
My reason for starting this thread is because I am dead serious about the topic. You are proof I'm onto something.
If I had my way the 1c, 5c, and paper dollar would become extinct right now. They are nothing more than a PITA!
K9STH
04-20-2008, 12:51 AM
You want to eliminate the paper dollar and the lower value coins. However, eliminating the lower value coins would result in a need for "fractional currency" (which was legal tender in the United States in the years just before the Civil War until a few years after the Civil War because there was not enough coins available) or the use of small denomination postage stamps which was common from the establishment of the United States until at least the 1960s.
Why not go "whole hog" and replace all of the paper money with coins. After all paper money is no longer based on any precious metal but is only representative of the reliability of the Federal Government. That would really tear a hole in your pants pocket. Or do you want to eliminate all forms of actual money are require all transactions to take place with credit or debit cards?
Of course how do you put "small change" in a child's "piggy bank"? Maybe "bits" of plastic!
Glen, K9STH
Glen, K9STH
N4VGB
04-20-2008, 01:11 AM
You guys have forgotten one crucial use of small bills, the decoration of garter belts for certain ladies!!! :eek:
n2ize
04-20-2008, 01:55 AM
You guys have forgotten one crucial use of small bills, the decoration of garter belts for certain ladies!!! :eek:
With $1.00 bills ? In most places that I have seen anything less than a $20.00 tucked into a garter would earn a swift kick to a painful location of the male anatomy.
:D:D
N4VGB
04-20-2008, 02:00 AM
With $1.00 bills ? In most places that I have seen anything less than a $20.00 tucked into a garter would earn a swift kick to a painful location of the male anatomy.
:D:D
But we don't have that $50+ billion that NYC residents get from the U.S. taxpayers to work with here. Of course with $6,250 yearly per citizen you can afford to be generous to the strippers. :D