The Future of the Penny – A Steel Penny?
Many politicians are discussing the future of the lincoln cent this year. With 2009 being the 100th anniversary of lincoln penny, the United States Mint is producing four new penny designs for the reverse of the lincoln cent. Politicians are debating whether we should discontinue making the penny due to its cost. Other politicians are advocating making pennies out of plastic.
Congressman Peter J. Roskam has been advocating making the lincoln cent out of a copper coated steel metal. What do you think will be the future of the penny? Do you mind switching the penny material from zinc to steel? Please share your thoughts.
Additionally, here is a video of Congress Roskam advocating for the passage of the Coin Modernization and Taxpayer Savings Act of 2008 advocating for the use of a steel penny.
Tags: coin collecting news, lincoln cents, us coin collecting
eShop: coin collecting news lincoln cents us coin collecting
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1 POUND UNSEARCHED WHEAT CENT PENNIES 1909 - 1958 STEEL
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**LOT OF 50 1943 STEEL WHEAT PENNIES**
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1943 D IGC MS65 UNC STEEL LINCOLN WHEAT PENNY / CENT
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1 POUND UNSEARCHED WHEAT CENT PENNIES 1909 - 1958 STEEL
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3 Rolls of Wheat includ. Steel and Indian Head Pennies
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1 COIN LOT 1943 P STEEL WHEAT PENNY / CENT XF+ #S18
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1 POUND UNSEARCHED WHEAT CENT PENNIES 1909 - 1958 STEEL
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1943 STEEL PENNY
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1943 D XF Steel Lincoln Wheat Penny Cent US Coin
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1943 STEEL LINCOLN WHEAT PENNY
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1943-p-D-s-lincoln - steel pennys set---------------xxx
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AU/BU 1943 STEEL PENNY & INDIAN HEAD IN WHEAT CENT ROLL
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Lot of 50 [Fifty] Steel Pennies - 1943
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Full 50pc 1943 STEEL PENNIES
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1943 D Steel Penny!
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Wheat Pennys 1920 -52 Steel War Penny 12
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Lot of United States 1943 Steel Pennies Cent Coins
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NEW Wartime Steel Pennies Collection
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1943, ONE CENT,STEEL WHEAT PENNY, OK SHAPE
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1943 "steelie" War Penny ~ zinc coated steel WWII penny
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WWII EMERGENCY ISSUE 1943 STEEL WHEAT PENNY SLAB
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US U.S LINCOLN STEEL WHEAT PENNY CENT 1943S NICE COIN
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2 Rolls of Wheat includ. Steel and Indian Head Pennies
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Over 2 rolls of 1943 Steel Pennies - FREE SHIPPING
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1943-S BU Steel Wheat Penny
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1943-p-D-s-lincoln - steel pennys set---------------xxx
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1943 1943 D STEEL PENNIES (2)
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7 ROLLS OF STEEL PENNIES
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1 POUND UNSEARCHED WHEAT CENT PENNIES 1909 - 1958 STEEL
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1943 P ICG GRADED MS66 STEEL LINCOLN WHEAT PENNY / CENT
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Old Penny Roll w BU Steel and VDB showing
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50 1943-S STEEL LINCOLN WHEAT PENNIES-1 ROLL-LOT#S2!!!
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1943 D XF Steel Lincoln Wheat Penny Cent US Coin
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500 WHEAT PENNIES, WITH INDIAN HEADS & STEEL CENTS
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1943 (P) XF Steel Lincoln Wheat Penny Cent US Coin
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1943 WW2 U.S.Wheat Steel penny lot of 6 culls WW2 Era
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Comments (4)
4 Responses to “The Future of the Penny – A Steel Penny?”
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Boris Sheikman Says:
January 19th, 2009 at 10:21 amI didn’t watch the video but I totally agree on making the penny cheaper to manufacture if we don’t plan on getting rid of it. Some coin counting machines may go crazy if the steel ends up being too magnetic. Other than some hard plastic/epoxy, I’m not sure what other material is cheap enough to make a penny.
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Coinblogger Says:
January 19th, 2009 at 8:12 pmI hope that continue to use a metal to make the penny. I think that a plastic penny would cheapen American money.
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Coin Gallery Says:
April 5th, 2010 at 7:28 pmEliminate the penny altogether. It is now pretty useless overall and has no value to buy anything. The only reason the congress will not eliminate it is that there would have to be so many adjustments in sales taxes, like the states that have 6%.
January 14th, 2009 at 2:34 pm
I think a steel penny would actually be pretty cool! I do not collect pennies however, so my opinion is not from a collectors POV.