Could this Looney Tunes Silver Kilo coin be on your list?
Before it became a thing, Black Friday is the day after Thanksgiving that is usually the biggest shopping day of the year and where retailers become profitable for the year, or being in the black. When online sales began to pick up and most people were connected to the Internet by slow connections, usually by a modem, people would go their offices on Monday and use the company’s faster Internet to place their online orders. In 2005, the National Retail Federation started calling it Cyber Monday.
The meaning of Black Friday and Cyber Monday has been dulled over the last few years except as an alleged barometer for the shopping season it is still something that becomes an event where the worst behaviors can be seen on the evening news. In 2013, the U.S. Mint did their part in the Black Friday hype by offering free standard shipping for the first week of the holiday shopping season.
All this means that it is the time for gift giving and gift receiving. While we are searching for the holiday deals, what is on your wish list this year? If you want to provide details, add it to the comments below!
What are your 2015 gift plans?
I have coins on my wish list. (54%, 37 Votes)
I plan to give someone a numismatic gift. (14%, 10 Votes)
I am not planning on giving a numismatic gift. (13%, 9 Votes)
I have currency on my wish list. (12%, 8 Votes)
I have exonumia or other numismatics on my wish list. (6%, 4 Votes)
Bah Humbug! (1%, 1 Votes)
I do not have any numismatics on my wish list. (0%, 0 Votes)
Over the summer, a Harris Poll was conducted to understand how Americans feel about abolishing the one-cent coin and the paper dollar note. Even though there are pundits calling for these changes and even the end of physical currency, Harris found that those wanting to keep the lowly one-cent coin continue to hold the majority opinion.
Series 1935 $1 FRN Reverse Early Design
According to Harris, 51-percent of those polled oppose abolishing the minting and use of one-cent coins versus 29-percent in favor. In 2008, 56-percent were opposed and 24-percent were in favor. While some will see a small movement to being in favor of eliminating the one-cent coin, the change is not significant when considering that the last poll was seven years ago shortly before the height of the recession and the beginning of the bank failures.
Every so often an article is written, usually by the political elite, about ending lower denomination coins for many reasons including the high cost of mintage or the inconvenience of their existence. Others point to rise of non-cash transactions and the rise of digitally created currencies as the future.
Those of us who work in areas outside the larger commercial world has experience with a cash economy that is not tied to economic status. One of those is the numismatics industry. While many dealers will take credit cards, and will pass along the fees along to the customer, many dealers have said that most of their off-line business is a cash-based business. While larger purchases are done using checks, most will leave shows with more hard currency than other types of payments.
1909-VDB Lincoln Cent
Collectibles businesses are very reliant on cash. In my business, I do accept credit cards but when I do shows the overwhelming majority of my business is in cash. A few weeks ago I did a two day show and had one of my best weekends ever but only had one sale using a credit card.
There are people who are leery of using credit and debit cards for every transaction. We use cash to limit our exposure. In this connected world, the credit and debit card leaves a digital breadcrumb that is available to be hacked. I cannot tell you how many times I watched people in local convenience stores punch in their codes in a matter I could see them and then leave their receipts behind. This could be used to steal your money and your debit cards are not covered the same as credit cards. But the public does not see this.
A week does not go by without a report of the hacking of personal information that should not be made public. Unfortunately, it is getting to be like rain on the hot-tin roof, after a while the sound blends into the background.
According to the Federal Reserve, there was approximately $1.39 trillion in circulation as of September 30, 2015, of which $1.34 trillion was in Federal Reserve notes. That represents a lot of money that would have to be accounted for if we were to go into a cashless society. It would take a significant effort that would not make for good public policy.
The calls to make changes to change are beginning to drone on as background noise like rain on a hot-tin roof.
Images courtesy of The Harris Poll, Wikipedia, and usacoinbook.com.
While looking at my timeline on Twitter, I found a tweet from what could be classified as the public relations office of Banco de México (Bank of Mexico), the Mexican central bank. Although my Spanish is barely above what I remembered from two semesters as an undergrad, I know enough that if I had any question to call up Google Translate for a fairly good translation.
This one was pretty easy and I understood it before asking for help. It asks “Do you know how banknotes are made in Mexico?” Looking at the question, I shrugged and thought they were made the same way they were made in the United States. While that is pretty much the case, seeing the process from another country’s perspective, especially a neighbor, could be interesting.
While the tweet was easy, the video is all in Spanish which really tested my translation skills. After I figured out that the first part talked about the early history of Mexican money and how it was initially produced by the American Banknote Company, I stopped thinking about the translation and just watched. I picked up a few things in context and liked the presentation. I like the scenes where they test the durability of the banknotes. I do not know if the Bureau of Engraving and Printing does that, but it is an interesting concept!
See the video for yourself:
UPDATE
Thanks to Coin Collectors Blog reader Rombat Stephan, he found that the Bank of Mexico published an English version of the video on YouTube:
The discussions have ranged from the reasoned (leave Alexander Hamilton on the $10 note because was our first Secretary of the Treasury) to the absurd (why change?) and the misogynistic that will not be repeated here.
I do not understand the the “why change” reasoning. There once was a time when there were regular changes to U.S. currency and there is no record of an uproar from the public. In 1929, the Federal Reserve reduced the size of the note from 7.375 x 3.125 inches to their present size of 6.14 x 2.61 inches. The change from Silver Certificates to Federal Reserve Notes and the color of the seals not withstanding, the designs have remained relatively the same since 1929.
According to Q. David Bowers and David M. Sundman in their book 100 Greatest American Currency Notes, the only small-sized currency notes in the list are:
65. World War II Emergency Issue Series 1935A $1 Silver Certificate With “HAWAII” Overprint (Fr# 2300)
66. Series 1928 $10,000 Federal Reserve Note (Fr# 2203-A thru 2203-L)
76. Series 1928 $1,000 Gold Certificate (Fr# 2408)
77. World War II Emergency Issue Series 1935A $1 Silver Certificate With Yellow Seal (North Africa Note) (Fr# 2306)
92. Series 1928 $5,000 Federal Reserve Note (Fr# 2220-A thru 2220-L)
99. Series 1928 $1,000 Federal Reserve Note (Fr# 2210-A thru 2210-L)
Of this list, only two notes were issued for general circulation and those were emergency issues because of World War II. The others are high denomination notes not usually circulated for the general public. After all, carrying around a $1,000 note will be equivalent to carrying around $13,914.91 (according to the Bureau of Labor Statistics).
United States currency used to be beautiful. There was a regality in its design that represented the nation. Even the Education Notes from the Series of 1896 Silver Certificates were phenomenal in their design and artwork. Today’s note, while secure, do not compare to their past counterparts.
Let’s see if we can figure out what the best way forward.
What should the Treasury do about currency design?
Leave things the way they are. (34%, 10 Votes)
Change all of the portraits. It's time to give other historical figures a chance. (34%, 10 Votes)
Remove all portraits and use other designs. (21%, 6 Votes)
Designs of small size currency stinks. Leave the portraits and look at what other countries are doing for inspiration. (7%, 2 Votes)
I don't care. (3%, 1 Votes)
What difference does it make. Non-cash transactions (credit cards, e-currency) are the wave of the future. (0%, 0 Votes)
Total Voters: 29
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Leave any comments below!
Image courtesy of the National Numismatic Collection via Wikipedia.
Greece 1€ coin depicts an owl, copied from an ancient Athenian 4 drachma coin (ca. 5th century BCE)
The debt crisis in Greece and their threat to drop the Euro as the unit of currency reminded me that this would present an interesting collectible opportunity.
Collecting numismatic items from distressed times can present an interesting challenge. While we have heard about Hard Times Tokens being a popular collectible, sales tax tokens produced during the Great Depression so that people could pay the exact fractions of a tax on low-value purchases.
Two of the more recent examples of numismatics based on distressed economic conditions are the Zimbabwe hyperinflation currency and the State of California’s Registered Warrants (IOUs). Although both have different origins from the Greek crisis, both show different ways of handling the situation.
When a country controls its own currency, it can manage that currency to maintain its value. In the United States, that is done by the Federal Reserve. It uses many programs from buying debt from its member banks to setting what it calls the Discount Rate, the rate that its member banks can borrow overnight to meet its liquidity requirements. In Zimbabwe, the central bank did not have the business and circulation in order to make this type of policy work because of the strife caused by wars and other ugliness. Their only choice was the print more money. The more money printed, the less it is worth. The less the money is worth the more it takes to buy daily goods and services. This result is that the more money that is added to the economy the higher inflation goes.
Zimbabwe’s 2009 $100 trillion hyperinflation note
Zimbabwe gave us the hyper-inflated currency ranging from Z$10 to Z$100 trillion. It has become fun to own a note that makes you a billionaire or a trillionaire even though the actual value of the currency is worth less than the paper which it is printer. Since Zimbabwe has converted their system to the U.S. dollar, Zimbabweans will be converting the old inflation currency at the rate of Z$175 quadrillion (175,000,000,000,000,000) for US$5. An enterprising Zimbabwean could buy them for double and make more money selling the notes as souvenirs than converting them to U.S. dollars.
Officially called Registered Warrants, the first of these IOUs were issued to pay personal tax refunds. They carried a 3.75-percent interest rate and were redeemable when the budget was passed or in early October, which ever came first. The crisis was averted when Schwarzenegger signed the budget on September 3 and redemption began on September 4. California State Comptroller’s Office stopped redeeming warrants as of November 10, 2010.
A friend who was living in California at the time was issued an IOU for a small personal tax refund. Rather than be burdened with the rigors of cashing the warrant, the paper is now part of his collection. However, since the warrants were addressed to specific people, it is not likely that these items will be immediately collectible. Many years from now it is probable that these warrants will be a curious collectible like the old Series E or War Bonds.
Greece does not control its own currency nor does it have any potential backing to issue warrants. Since Greece has not been seen as creditworthy, it cannot issue bonds at any interest rate because the markets are not interesting in buying Greek debt. Unless a deal can be struck with the rest of the European Union, Greece may not have a choice but exit the pact that uses the Euro as the common currency.
Exiting the Euro will bring back the Greek drachma.
2000 Greece 20 Drachma coin features Dionysios Solomos, a poet and author of the Greek national anthem.
The return of the drachma would create three numismatic collectibles. One would be the Euro coins with the Greece-specific reverse, whatever the Greek government issues in the interim, and then the new drachma. This would not apply to euro currency since each denomination uses the same design throughout of the Eurozone.
Before you search your ten pound bag of foreign coins looking for pre-Euro drachma, it is likely that Greece will keep those coins demonetized and not recognize them as official currency. If Greece wants to be able to control the amount of currency in circulation, then they will have to issue new coins and notes.
If Greece goes this route, experts are saying that the Greek government will allow the Euro to circulate alongside whatever is added to the market. Some people think it may take over a year to strike enough coins and print enough notes to be able to remove the Euro from circulation.
What will Greece do in the interim? Does the Greece Central Bank issue warrants like California did? If so, will the warrants become something that would become a collectible?
10,000 drachma note issued by the Bank of Greece in 1995 features the image of Dr. George Papanicolaou, inventor of the Pap smear
The current $10 Federal Reserve Note featuring Alexander Hamilton
Since Treasury Secretary Jack Lew announced that the re-designed $10 note will feature the portrait of a woman, there have been a lot of polls popping up asking for readers to add their opinions as to whose portrait Secretary Lew should choose. Most polls have selected up to five different women with an option to add your own.
Not to be outdone, we here at the Coin Collectors Blog want to give our readers more choice. Rather than limit to the choices to a perceived top set of picks, we culled several polls and will ask what our readers think about all of the potential choices. In fact, in addition to the choice to choose someone else, you can even choose to leave the Alexander Hamilton, the first Secretary of the Treasury, on the $10 note. And to be further inclusive, I am adding an “I do not care” option to the poll.
Before someone asks, I removed Susan B. Anthony as an option because she appeared on the $1 coin. Anthony has already appeared on circulating currency, albeit one that was not well received. We should make the opportunity available for someone else.
Vote note. Tell your friends. If there are at least 50 votes, I will submit the winner to the Treasury as this community’s vote.
The current $10 Federal Reserve Note featuring Alexander Hamilton
Secretary of the Treasury Jacob “Jack” Lew announced on Wednesday that a newly redesigned $10 Federal Reserve Note will feature the portrait of a woman. Lew will make the final decision as to who will appear on the note in accordance to 12 U.S.C. § 418.
The new note is scheduled for release in the year 2020, which coincides with the passage of the 19th Amendment that declared:
The right of citizens of the United States to vote shall not be denied or abridged by the United States or by any State on account of sex.
According to the Treasury Department, the $10 note was selected to be redesigned to add Advanced Counterfeit Deterrence (ACD) based on their study of counterfeiting activity. This decision was made by the ACD Steering Committee, an inter-agency group that monitors a number of factors that go into the maintenance of U.S. currency. One of the factors includes the ongoing discussion of features that will help increase accessibility for the visually impaired as part of the court mandated Meaningful Access Program. Treasury reports that the new note “will include a tactile feature that increases accessibility for the visually impaired.”
The last time Treasury changed the portrait on U.S. currency was in 1928 when Andrew Jackson replaced Grover Cleveland on the $20 notes. Alexander Hamilton first appeared on the $10 note in 1923 when his portrait replace Andrew Jackson’s. Although the portraits have been redesigned, the same men have appeared on U.S. currency during small-sized note era (since 1928).
Series 1886 $1 Silver Certificate featuring Martha Washington (Fr #217)
The last woman to appear on U.S. currency was Martha Washington. Our first First Lady’s portrait appeared on the $1 Silver Certificate between 1891 and 1896.
Lew is asking the public to provide suggestions as to whom should be the new face on the $10 note. She should be a woman “who was a champion for our inclusive democracy,” according to the Treasury statement. You can submit comments on their new website thenew10.treasury.gov or make your suggestion on social media using the hashtag #TheNew10.
You can also visit the Bureau of Engraving and Printing in Fort Worth on June 24 and meeting with United States Treasurer Rosie Rios and Bureau of Engraving and Printing Director Len Olijar to give them your ideas. A similar event will be held at the Bureau of Engraving and Printing in Washington, D.C. on July 15. You can find more information on the BEP website.
Mockup of the $20 note featuring Harriet Tubman
The organization Women on 20s has been lobbying to replace Andrew Jackson on the $20 note. Their reason was that our seventh president was not exactly a nice guy and his treatment of Native tribes was less than humane along with other transgressions. In their online vote, Harriet Tubman was their popular selection. If Tubman was selected she would also be the first African-American to appear on U.S. paper currency (George Washington Carver and Booker T. Washington were the first African-American men to appear on coins; Duke Ellington was the last appearing the District of Columbia quarter).
In fact, Hamilton shared his bed with more than one woman – making him one of the first subjects of a political sex scandal.
While his wife, Elizabeth, and kids were staying with relatives, Hamilton began an affair with a young woman named Maria Reynolds in 1791. He was secretary of the Treasury at the time, and Reynolds and her husband started extorting money from Hamilton. Hamilton eventually confessed to the affair in full detail in a pamphlet that also featured letters between him and his mistress.
Interestingly, according to Bloomberg news, “The $10 bill is the third least-circulated among the seven major denominations, accounting for 5.2 percent of 36.4 billion notes in use at the end of last year.” The $100 note is the most circulated of all U.S. currency notes.
Image of the current $10 note courtesy of the Bureau of Engraving and Printing Image of the Series 1886 $1 Silver Certificate courtesy of Wikimedia Commons Mockup of Harriet Tubman on the $20 note courtesy of Women on 20s
For those of us who are political junkies, April was a relatively quiet month. At least there was something to watch that was more related to the hobby than the usual partisan bickering. Here are the coin and currency-related legislation moving through congress:
S. 925: Women on the Twenty Act
Sponsor: Sen Jeanne Shaheen (D-NH)
• A bill to require the Secretary of the Treasury to convene a panel of citizens to make a recommendation to the Secretary regarding the likeness of a woman on the twenty dollar bill.
• Introduced: April 14, 2015
• Referred to the Senate Banking, Housing, and Urban Affairs Committee
Track this bill at https://www.govtrack.us/congress/bills/114/s925
S. 95: A bill to terminate the $1 presidential coin program
Sponsor: Sen. David Vitter (R-LA)
• Introduced: January 7, 2015
• Discharged from Senate Committee on Homeland Security and Governmental Affairs by Unanimous Consent on April 14, 2015
• Referred to the Senate Committee on Banking, Housing, and Urban Affairs on April 14, 2015
Track this bill at https://www.govtrack.us/congress/bills/114/s95
S. 985: United States Coast Guard Commemorative Coin Act
Sponsor: Sen. Christopher Murphy (D-CT)
• To require the Secretary of the Treasury to mint coins in commemoration of the United States Coast Guard.
• Introduced: April 16, 2015
• Referred to the Senate Banking, Housing, and Urban Affairs Committee
Track this bill at https://www.govtrack.us/congress/bills/114/s985
A few weeks after the Women on 20s group began their campaign, they gained the attention of congress to have two bills submitted to require the change be made.
First up is Sen. Jeanne Shaheen (D-NH) who introduced Women on the Twenty Act (S. 925) on April 14, 2015 and referred to the Committee on Banking, Housing, and Urban Affairs, the bill is eight co-sponsor. All eight co-sponsors are Democrats and six are women.
Simply, the bill seeks to add a new paragraph to the Federal Reserve Act (12 U.S.C. § 418) to say:
The Secretary of the Treasury shall convene a panel of private citizens of the United States to advise and make recommendations to the Secretary regarding the likeness of a woman to appear on the face of $20 Federal reserve notes. In carrying out the requirements of the preceding sentence, each of the Secretary and the panel shall consider and weigh input provided by the American people.
While you read that paragraph, you have to understand that there is a little Washington-speak in the proposed law. All it says is that the Secretary is required to appoint a panel of private citizens, not government employees or appointees, to make a recommendation. It does not say that the Secretary is required take the committee’s recommendation nor does it it say that the Secretary is to do anything with the recommendation.
Essentially, unless the wording is changed, there is nothing in the above statement to require a woman appear on the $20 Federal Reserve Note. “Thank you for your recommendation,” a Secretary of the Treasury can say, “and have a nice day.”
1999-W George Washington Commemorative using the design by Laura Gardin Frazer
There is precedent for the Secretary of the Treasury to ignore recommendation. Famously, Secretary of the Treasury Andrew Mellon ignored the recommendation by the Washington Birthday Bicentennial Committee and the U.S. Commission of Fine Arts to use the design by Laura Gardin Fraser. Mellon suggested that Fraser’s design was not based on the bust of Washington by Jean-Antoine Houdon and selected the design by John Flanagan. Even though few thought Flanagan’s design was better, Mellon, a known misogynist, refused to accept a recommendation.
Adding to the fray is a bill introduced by Louis Gutierrez (D-IL) whose title currently appears similar to that of Sen. Shaheen’s bill. Gutierrez’s bill (H.R. 1910) has no co-sponsors and was assigned to the House Financial Services Committee. As this is being written, the bill has not been published by the Government Printing Office making it difficult to compare this with S. 925.
Considering my last post about this topic, it will be interesting to see how this turns out. If I was to guess, one of the bills will be passed at the end of a session either by unanimous consent or an overwhelming vote in favor. A design will be produced but not in time to celebrate the 100th anniversary of suffrage. The wheels of politics and bureaucracy moves too slow and the engravers need time to engrave the plates.
Currency image courtesy of Wikimedia Commons. Coin image courtesy of the U.S. Mint.
During the course of searching for information, I stumbled upon the website for Women on 20s. It is a site dedicated to replacing the image of President Andrew Jackson with a woman by 2020. The group has targeted the $20 Federal Reserve Note to be replaced 2020 because it is the 100th anniversary of the passage of the 19th Amendment that granted women the right to vote.
Jackson is being targeted because as we look back through the long lens of history, he was not exactly a model person judging by today’s standards. During the War of 1812, Jackson led U.S. Army troops against native tribes working with the British against the United States to regain the lands taken following the colonies’ independence. It was said that Jackson’s troops were brutal against the native tribes on his orders, killing them rather than taking prisoners.
After beating back the British in the Battle of New Orleans, Jackson declared martial law in New Orleans and used his troops to enforce martial law. Aside from having a magistrate arrested who sided with a newspaper reporter writing who was arrested for writing negatively about his rule, he had members of the local militia who sided with the British executed without trial and went on to use it as propaganda to allegedly maintain order.
As president, Jackson’s policies to relocated native tribes lead to the Indian Removal Act that codified his policies. This lead to the “Trail of Tears” that forced the relocation of Cherokee, Muscogee, Seminole, Chickasaw, and Choctaw nations from their ancestral homelands in the southeast to an area west of the Mississippi River that had been designated as Indian Territory. It is considered the most violent and brutal act against the native tribes in United States history.
To have Jackson’s portrait on the United States central banks’ currency is also a bit ironic. Jackson was against the concept of a central bank and refused to renew the charter of the Second Bank of the United States and vetoed the bill to continue its charter. After winning election in 1833, Jackson withdrew all of the country’s funds from the bank limiting the bank’s ability to conduct business. He gave power to local banks to lend money and issued the Specie Circular, an executive order requiring government transaction be done in gold and silver coin (specie).
Poster issued by the Whig Party blaming Jackson for the Panic of 1837
With the western expansion and federal lands being made for sale and the requirement that duties were to be paid in gold and silver, this created a run on banks that could not provide the hard currency necessary for people to exchange their banknote. Although Jackson paid off the country’s debt in 1835, the only year it has ever been paid off, the squeeze on currencies, lack of central management of money, corrupt bank practices, and reckless land speculation by railroads lead to the Panic of 1837. The resulting depression lasted five years and included the default of many banks and the treasuries of many states. Remember, this was long before the deposits were insured by the federal government.
The Women on 20s organization does not believe that this should be the legacy honored on U.S. currency. But if we look into the history of all of the men on U.S. currency, there are aspects of their pasts and personal lives that would make some blush, including Benjamin Franklin’s common law wife and illegitimate son.
Women on 20s do recognize that suffragette Susan B. Anthony did appear on a one dollar coin but the coin failed because of its confusion with the quarter. They also recognize that Sacagawea, the Shoshone guide to Meriwether Lewis and William Clark, appears on the current one-dollar coin. Aside from the 2003 Alabama State Quarter, no other woman has appeared on circulating coinage (they do not count commemorative issues). Since neither dollar coin has circulated well and since the Alabama quarter was a temporary issue, the organization believes a better tribute is warranted.
In what looks like an addendum to their argument, they mention that a portrait of Martha Washington appeared on the Series 1886 (Fr. #215) and 1891 (Fr. # 223) $1 Silver Certificates. Both Martha and George Washington appeared on the reverse of $1 Series 1896 Educational Series note (Fr. #224).
To decide who they will try to lobby to appear on the $20 note, the organization started with 15 candidates. Voters were asked to select thee of the 15 candidates in this preliminary round. The top vote-getters will be subject to another final voting round.
2012 First Spouse coin featuring Alice Paul
In the first round, the 15 candidates were Alice Paul (appeared on the 2012 First Spouse gold coin), Betty Friedan, Shirley Chisholm, Sojourner Truth, Rachel Carson, Rosa Parks, Barbara Jordan, Margaret Sanger, Patsy Mink, Clara Barton, Harriet Tubman, Frances Perkins, Susan B. Anthony (appeared on the 1979-1999 dollar coin), Eleanor Roosevelt (appeared on the 2014 First Spouse gold coin), and Elizabeth Cady Stanton.
Women on 20s reported that 256,659 people had cast ballots when the first round ended on April 5, 2015. They reported that Eleanor Roosevelt, Harriet Tubman and Rosa Parks were named by as many as half of the voters as one of their top three. They added Wilma Mankiller to the final ballot. Mankiller, the first female Chief of the Cherokee Nation and the first female to be a chief of a native nation, was added because of a claimed “strong public sentiment that people should have the choice of a Native American to replace Andrew Jackson.”
Wilma Mankiller, the first female principal chief of the Cherokee Nation
Voting is open at the time this is being written. There is no closing date listed on their website.
Since congress does not control the design of the currency, Women on 20s will have to convince the Federal Reserve to change the design of the $20 Federal Reserve Note. If the Federal Reserve, whose chair is Janet Yellen, agrees to the change, they will work with the Bureau of Engraving and Printing for the design and the U.S. Secret Service to ensure that the appropriate anti-counterfeiting measures are included.
Design changes to any Federal Reserve Note can take 3-5 years to complete.
NOTE: I contacted the Women on 20s organization for comments via email. That email has not been returned at the time of writing this article. If they answer my questions, I will publish them in a follow up post.
Image of the $20 FRN and Whig Party poster courtesy of Wikimedia Commons. Coin images courtesy of the U.S. Mint Image of Wilma Mankiller courtesy of the Native American Encyclopedia.
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Over the summer, a Harris Poll was conducted to understand how Americans feel about abolishing the one-cent coin and the paper dollar note. Even though there are pundits calling for these changes and even the end of physical currency, Harris found that those wanting to keep the lowly one-cent coin continue to hold the majority opinion.
During the course of searching for information, I stumbled upon the website for 
