RE: One Cent Coins are Expected to Stop Entering Circulation Early Next Year
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I think the announcement from President Trump is actually meant to get people to start hoarding Pennies... Because of the 100 to 1 Exchange Rate away from Fiat USD's, our One Cent Coins will increase 100 Fold in Spending Power... More than likely, "We the People" will be returning to the use of Copper Pennies since One Pound of Copper will only cost about 5 Cents... Don't forget that we will be adding 99 Decimal Cents to our Electronic Dollars and Cents, in order to be able to "make change" for One Cent Coins and One Cent Silver Certificates... In other words, this will end up being the Death of the Copper Coated Zinc Pennies, not the One Cent Coins themselves... Our One Cent Silver Certificates may be used more often than our One Cent Coins, so it is possible to that we will Mint less Pennies than we're minting now, but I don't think we'll stop issuing One Cent Coins... And we won't be rounding off to the nearest Nickel... Not since our Electronic Coinage will be denominated in Dollars, Cents and 99 Decimal Cents...
You think it's to create a surge in demand? I honestly don't know many people who stack pennies.
As per my version of the coming Reset, I think each of our One Cent Coins will have the Spending Power of One Paper Dollar... Usually, when there's talk of removing or stopping the production of certain things, people tend to hold onto them, or seek them out... I'm sure President Trump is aware of what I've been writing... Hopefully, he wants people who can only afford holding onto Pennies, to be able to get in on the Ground Floor of Silver Certificates and Electronic Coinage... I personally hold onto all the Common U.S. Coinage I get back with my change...