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V23 2020 INDEX       E-SYLUM ARCHIVE

The E-Sylum: Volume 23, Number 34, August 23, 2020, Article 10

NOTES FROM E-SYLUM READERS: AUGUST 23, 2020

The Utility of a Penny

On the same topic is this reader note. -Editor

James McNally of Grosse Pointe Farms, MI writes:

2019-lincoln-shield-cent "Regarding the articles about whether the penny will survive the coronavirus, I have always felt that the worth of a cent goes beyond the cost of its manufacture. The focus should be on its utility. A penny is only worth a penny and costs more than a penny to make, but it can be used millions of times as a penny without incurring any additional manufacturing costs. Its utility is more than a penny's worth, and more than the price of manufacturing it.

"Consider credit cards. It costs money to make and send credit cards to bank customers, but they have absolutely no value as a slab of plastic. Should they stop making them? Of course not - the value of the credit card is not in the plastic but in its utility."

Good point. Thanks! -Editor

Whitman Folders and Albums Book Update
Coin Collecting Albums v3 Whitman cover Regarding his new book Coin Collecting Albums, A Complete History & Catalog: Volume Three, Whitman Publishing Company Folders and Albums 1940-1978, author David Lange writes:

"The books shipped to me Friday, so I should have them around Wednesday and will be filling orders by the end of next week."

Great news! I'm looking forward to this one. See the earlier articles for ordering information. -Editor

To read the earlier E-Sylum articles, see:
NEW BOOK: COIN COLLECTING ALBUMS, VOLUME THREE (https://www.coinbooks.org/v23/esylum_v23n25a03.html)
WHITMAN COIN FOLDERS AS COLLECTIBLE ITEMS (https://www.coinbooks.org/v23/esylum_v23n33a14.html)

THE BOOK BAZARRE

IN GOD WE TRUST: William Bierly's outstanding in-depth exploration shows how the Civil War changed not just the face of American coins and paper money, but the very foundations of modern banking and finance. Get your copy of In God We Trust: The American Civil War, Money, Banking, and Religion (352 pages, hardcover) for $29.95 at Whitman.com , or call 1-800-546-2995.


Wayne Homren, Editor

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The Numismatic Bibliomania Society is a non-profit organization promoting numismatic literature. See our web site at coinbooks.org.

To submit items for publication in The E-Sylum, write to the Editor at this address: whomren@gmail.com

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