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some clues to composition change and elimination?

PostPosted: Fri Nov 30, 2012 8:14 pm
by atticus
I just read this

http://www.nbcnews.com/business/kill-bi ... -1C7350149

Even though this isn't an apples to apples comparison with the Cent/Nickel situation, a couple things strike me:
1) 2/3 of Americans panned the idea of a dollar coin even though they new it would save the gov't money
2) If we all start buying goods electronically (including cards), then the point will be moot.

Again I realize these two points do not directly correlate to the copper/nickle situation, but I think they do point to a lack of political motivation to do anything with coins in the near future. To me, this says that there isn't going to be much political capital behind overcoming the copper and zinc lobby regardless of what might come out of any of this current focus on fiscal discipline.

Any thoughts?

Atticus

Re: some clues to composition change and elimination?

PostPosted: Sat Dec 01, 2012 1:05 pm
by creshka46
Well, I can't remember any of the sources but I've read that Jarden Zinc is actually promoting the idea of having plated steel pennies (apparently they make those too). So, given that they seem to be the major lobbying force for any changes in the cent, I wouldn't be supprised if some time in the next 2 years we start making steel pennies. As for nickels, I don't know. But I do agree that pennies and nickels won't go away entirely any time soon.