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H.R. 6162 Bill Change coin denomination composition
Posted:
Wed Sep 29, 2010 10:52 amby highroller4321
Keep your fingers crossed!
http://news.coinupdate.com/bill-seeks-i ... tion-0468/During a House subcommittee hearing held in July, the Director of the United States Mint had requested that Congress delegate authority to the Secretary of the Treasury to select coin compositions. A bill recently introduced by the head of the subcommittee instead seeks to impose greater Congressional oversight of coin production. The Treasury of the Secretary would be granted authority to perform “research and development” necessary to make recommendations to Congress related to
coin compositions.
Re: H.R. 6162 Bill Change coin denomination composition
Posted:
Wed Sep 29, 2010 5:21 pmby uthminsta
Everyone cheer with me...
PLAS-TIC! PLAS-TIC! PLAS-TIC!!!
But seriously. What do you think? Aluminum?
Re: H.R. 6162 Bill Change coin denomination composition
Posted:
Wed Sep 29, 2010 5:25 pmby Rodebaugh
my vote:
Ritz crackers....they put designs on those all the time already…… Practically currency at the Rodebaugh house on chili night the way it is now.
Re: H.R. 6162 Bill Change coin denomination composition
Posted:
Wed Sep 29, 2010 6:27 pmby Joogaler
They'll probably use aluminum. Can say say bent coins out the hoo-hah!
Re: H.R. 6162 Bill Change coin denomination composition
Posted:
Wed Sep 29, 2010 6:48 pmby Country
STAINLESS STEEL!!! Just like Mexico...
Re: H.R. 6162 Bill Change coin denomination composition
Posted:
Wed Sep 29, 2010 6:57 pmby rickygee
[quote="highroller4321"]Keep your fingers crossed!
For a metal change or not? Change in coin composition could result in lifting the penny and nickel melt ban. I don't have near enough 'bullion' yet!
Re: H.R. 6162 Bill Change coin denomination composition
Posted:
Wed Sep 29, 2010 11:28 pmby ZigMeister
My guess would be steel with a copper flashing like the Canadian cents so as not to signal to much of a change. Then after a few years switch to aluminum or eliminate the cent altogether...depends on how fast the dollar drops in value.
Re: H.R. 6162 Bill Change coin denomination composition
Posted:
Thu Sep 30, 2010 10:55 amby highroller4321
I belive that they will just do what a lot of other countries have done and that is just eliminate the penny.
Re: H.R. 6162 Bill Change coin denomination composition
Posted:
Thu Sep 30, 2010 11:39 amby DirtyFingers
^^^^^^^What highroller said.
Isn't Canada thinking of deep sixing their 1¢? If they do, I think the U.S. will be right behind them. In the meantime, I'm stashing Jeff's and copper cents as fast as possible.
DF
Re: H.R. 6162 Bill Change coin denomination composition
Posted:
Fri Oct 01, 2010 12:13 amby misteroman
I'm betting steal with copper coating here as well
Re: H.R. 6162 Bill Change coin denomination composition
Posted:
Fri Oct 01, 2010 10:48 amby highroller4321
DirtyFingers wrote:^^^^^^^What highroller said.
Isn't Canada thinking of deep sixing their 1¢? If they do, I think the U.S. will be right behind them. In the meantime, I'm stashing Jeff's and copper cents as fast as possible.
DF
Yes, for the past 6 months Canada has been doing a study on pennies and if they really need thm and if its cost effective to keep them around. In the bill it says there will most likely be the same study in the U.S.