Nope, not pennies from heaven but pennies from Washingtoon!
Only government could screw this up.
Pennies, familiar to everyone, featuring Abraham Lincoln on the face since 1909. One one-hundreth of a dollar.
They used to be copper, and if you have one today from 1982 or earlier, their metal content/melt value for that copper is $0.0247641 (almost two and a half times the face value, and almost as much as it costs the government to coin them).
The pennies were changed to zinc after 1982, but 'washed' to look like copper. Mostly nobody noticed. While it did not change the cost to coin them very much, the government DID save big on the metal content end of things...these faux pennies are worth $0.0056349 [read worthless content]. Zinc is pretty cheap.
Not content to merely produce over-priced worthless goods (pennies), the current gooberment misadministration has 'improved' the design for 2010, removing the Lincoln Memorial from the reverse and replacing it with a truly crap-tastic design that reminds me a lot of a bus token.
- Worthless, nondescript, uninspiring, namby-pamby, and lacking any aesthetic merit....much like our current socialist regime.
I can hardly wait until they emulate the inspired former-Soviet modes of architecture. There are quite a few go-by's they can copy from that haven't completely crumbled yet.
Assclowns!
Monday 29 November 2010
Lincoln pennies from Washington............from Rico
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2 comments:
Assclowns is right. The penny redesign was part of the Presidential $1 Coin Program introduced in 2005 by Senator John E. Sununu and signed it into law by President Bush on December 22, 2005.
The pennies were changed to zinc after 1982, but 'washed' to look like copper. Mostly nobody noticed.
Plated, really. And nobody" noticed", except everyone who paid any attention to newspapers or television (since the Internet didn't exist in any meaningful sense).
I remember it being very widely reported. I was all of nine at the time and it somehow didn't escape my attention, despite not being a newshound.
The Federal Shield harkens back to the old Indian Head penny, and is refreshingly clear and clean.
The Wheatback that followed lasted for 49 years.
We only got the Memorial on the back to celebrate the sesquicentennial of Lincoln's birth; but it's been 51 years.
Time for a new design. (After the four Lincoln designs of 2009).
As usual I don't see what I'm supposed to be upset about.
(Artistically? It's a far better design than a picture of a building. It's clean and it has historical resonance.
Lincoln's already on the front - he doesn't need to be on a statue on the back as well.
Lastly, "faux pennies"? They're real pennies by any plausible definition of the term.
They were never meant to be commodity currency. In 1946 they didn't have "a penny's worth of copper" in them, but they weren't "faux", right?
Hell, I don't know that a Federal penny has ever had its value based on its own metal content.)
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