Mint Needs to Beg, Borrow or 'Steel'

[jeff of pa]

The decision to suspend production of dollar coins for circulation indirectly is kicking the props out from under the cent and the nickel because it is seigniorage from the dollar coins that is masking the large losses the U.S. Mint takes each year to strike cents and nickels.

Is this all part of a choreographed maneuver to arrive at a predetermined conclusion in a coin review process mandated by Congress? The Mint is to submit its report to Congress in 2013.

http://www.numismaster.com/ta/numis/...rticleId=24528


Bill Calls for Steel Coins

Prompted by rising copper and nickel prices and perhaps spurred on by a Sunday New York Times op-ed piece, Rep. Steve Stivers, R-Ohio, introduced legislation Dec. 15 to change the composition of the cent and nickel from copper-coated zinc and copper-nickel, respectively, to a steel-based product.


http://www.numismaster.com/ta/numis/...rticleId=24530

[capndan151]

They might as well hand out Monopoly money. I guess anything is better than a Zincoln though.

[tarpon192]

WE ALL NEED TO REALIZE THESE PEOPLE THAT WE ALL VOTE FOR ARE STUPID. THEY ARE VERY WELL EDUCATED AND CAN'T DO ANYTHING POSITIVE FOR THE UNITED STATES OF AMERICA. EVERYTHING THEY DO IS FOR THEM - NOT FOR THE AMERICAN PEOPLE WHO HAVE WORKED HARD TO HAVE WHAT WE EARNED.
STEEL, OR "STEAL" CENT AND NICKELS - THEY ALREADY STEAL ENOUGH FROM ALL OF US.

[10claw]

tarpon, you hit the steel on the head. they never think of the people unless it is in their interest. it's nothing but one shenanigan after another. self, self, self.