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- - U.S. Coin Composition Poll. (http://goldismoney.info/forums/showthread.php?t=190925)

Wyldwil | 10-21-2007 03:07 AM
U.S. Coin Composition Poll. God I hate polls. Anyway, vote on what changes the mint will make and when...:D

RiverRat | 10-21-2007 04:50 AM
Re: U.S. Coin Composition Poll. :rolleyes_m: When ? I have no idea. Composition ? Aluminum or steel are likely replacements ...both cheap. Or...maybe the new Amero plastic coins will replace everything. It would be a smart cost cutting move to eliminate coins entirely and replace them with paper denominations of the same value. No legitimate reason they couldn't. The vending machine cartel wouldn't be too happy,but what do they care ? :bear_w00t::bear_w00t::bear_w00t:

Infidel | 10-21-2007 05:47 AM
Re: U.S. Coin Composition Poll. they will issue paper coins. or plastic. although plastic is made from oil, which maybe means it will be plastic with spaces inside. you know, filled with air. or still maybe eco friendly processed bamboo. like those hard wood floor substitutes

latemetal | 10-21-2007 07:24 AM
Hiding inflation... Wooden nickles coming soon, I keep nickles and copper pennies.:bull-buddy-icon:

fasTTcar | 10-21-2007 08:42 AM
Re: Hiding inflation... I am travelling through Western Canada for work this week. I will have sometime on Tuesday afternoon in Winnipeg and am planning on doing the Royal Canadian Mint tour. I will ask them :-)

Wyldwil | 10-21-2007 09:11 AM
Re: U.S. Coin Composition Poll. Also, when they do change coin composition, will they be able to stop hoarding and processing (melting)?? Copper content in pennies changed in 1982, but it's illegal to melt them down... In addition, highly flamable materials....plastic, wood-particle should be ruled out. Steel seems likely, but even aluminum will one day be too pricey. Also, if they go to a single metal, how easy would it be to counterfeit them? I found this interesting: http://www.ustreas.gov/education/fac...facturing.html

jrog100 | 10-22-2007 10:32 AM
Re: U.S. Coin Composition Poll. Quote:
Originally Posted by Wyldwil (Post 789715) God I hate polls. Anyway, vote on what changes the mint will make and when...:D
They'll probably follow the ero's composition . . .

Gcubed | 10-22-2007 01:53 PM
Re: U.S. Coin Composition Poll. Congress would have to pass new standards and the President sign it before any changes could be made. Congress works SLOW!!!

Wyldwil | 10-22-2007 02:36 PM
Re: U.S. Coin Composition Poll. Quote:
Originally Posted by Gcubed (Post 791332) Congress would have to pass new standards and the President sign it before any changes could be made. Congress works SLOW!!!
I'm not so sure. They are losing literally MILLIONS minting nickels and pennies.

Gcubed | 10-22-2007 02:40 PM
Re: U.S. Coin Composition Poll. Quote:
Originally Posted by Wyldwil (Post 791390) I'm not so sure. They are losing literally MILLIONS minting nickels and pennies.
what's new about the government losing money? millions is chump change. ask the mint what has to be done to change coin composition. i'm very sure that i'm correct.

jersey devl | 10-22-2007 04:44 PM
Re: Hiding inflation... Quote:
Originally Posted by latemetal (Post 789772) Wooden nickles coming soon, I keep nickles and copper pennies.:bull-buddy-icon:
I hoard nickels too -they'll be the first to go-Ni will be back to $24 soon.

Ryedale | 10-22-2007 04:49 PM
Re: U.S. Coin Composition Poll. Quote:
Originally Posted by Wyldwil (Post 791390) I'm not so sure. They are losing literally MILLIONS minting nickels and pennies.
They are losing 300 million a month in Iraq/Afganistan, so whats the big deal of loosing a few more on the coinage? Not arguing just pointing out the stupidity.

twenty4karat | 10-26-2007 04:25 PM
Re: U.S. Coin Composition Poll. Quote:
Originally Posted by Gcubed (Post 791332) Congress would have to pass new standards and the President sign it before any changes could be made. Congress works SLOW!!!
Assuming that Congress works at all! Maranatha, :smile:

twenty4karat | 10-26-2007 04:36 PM
Re: U.S. Coin Composition Poll. Quote:
Originally Posted by Wyldwil (Post 791390) I'm not so sure. They are losing literally MILLIONS minting nickels and pennies.
Yet, millions are being made (literally & figuratively). It cost them approx. 0.04 to manufacture an FRN (doesn't matter if it's $1 bill or a $100 bill). And these are out of thin air. Not to mention the electronic money that seems to just happen. Maranatha, :smile:

phideaux | 10-26-2007 05:09 PM
Re: U.S. Coin Composition Poll. Igor says we should offically eliminate all coins and go to a paper standard. A case of 5000 sheets of computer paper goes for about $25.00. So the new standard is one sheet of 8x11.5 is worth 1/2 of a cent and scale it down from there. Ever read the fine print on those grocery store coupons. A lot of them say "Cash value=1/20 of 1 cent". That is starting to look like a great deal. :confused_ma:

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