jlueke Posted August 10, 2007 Report Share Posted August 10, 2007 Mint considers changing change Link to comment Share on other sites More sharing options...
dustin43160 Posted August 10, 2007 Report Share Posted August 10, 2007 thats what i dont understand sure they wont lose money if they change it but.. if the mint stops using copper and nickle ect thats alot of metal not being used wont those metals fall in price???? Link to comment Share on other sites More sharing options...
gxseries Posted August 10, 2007 Report Share Posted August 10, 2007 No, minting coins out of those metals are just a MINOR fraction of metals used in industries. Link to comment Share on other sites More sharing options...
De Orc Posted August 10, 2007 Report Share Posted August 10, 2007 Plastic coinage perhaps? Link to comment Share on other sites More sharing options...
Scottishmoney Posted August 10, 2007 Report Share Posted August 10, 2007 When you factor inflations affect on the purchasing value of coins, the present dime is the equivalent of a 1960's cent. We got by in the 1960's without fractions of cents in circulation. Therefore in my opinion why not just eliminate the cent and nickel as their purchasing power is nil. Their real cost is in having them in circulation they cost even more than the mint production when you factor how much labour is involved in handling them for transactions. Link to comment Share on other sites More sharing options...
jlueke Posted August 10, 2007 Author Report Share Posted August 10, 2007 When you factor inflations affect on the purchasing value of coins, the present dime is the equivalent of a 1960's cent. We got by in the 1960's without fractions of cents in circulation. Therefore in my opinion why not just eliminate the cent and nickel as their purchasing power is nil. Their real cost is in having them in circulation they cost even more than the mint production when you factor how much labour is involved in handling them for transactions. Or we could revalue the dollar by a 10:1 ratio Link to comment Share on other sites More sharing options...
thedeadpoint Posted August 10, 2007 Report Share Posted August 10, 2007 odd.. everytime i open that link my browser quits. Link to comment Share on other sites More sharing options...
gxseries Posted August 11, 2007 Report Share Posted August 11, 2007 Please kindly continue the rest of the politics debate here: http://www.coinpeople.com/index.php?showtopic=16138 Thanks Link to comment Share on other sites More sharing options...
tabbs Posted August 11, 2007 Report Share Posted August 11, 2007 odd.. everytime i open that link my browser quits. Same here when I use Safari. With Firefox it worked for me. Also have a look at the press release: http://www.house.gov/apps/list/press/finan...ss0803072.shtml What I find a little strange is that, according to this bill, it would by and large be up to the US Mint to decide about the composition of circulation coins - but it could still not change their sizes. Making the half dollar (yes, there is such a denomination ) smaller, for example, could help reducing the amount of material needed for quarters ... Christian Link to comment Share on other sites More sharing options...
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