How long....
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How long....
by John_doe » Wed Apr 20, 2011 3:51 am
Do you think it will be before the hoarders get the best of the mint, and they are forced to change composition?
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"You can't control the wind, but you can adjust your sails."
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"You can't control the wind, but you can adjust your sails."
-Albert Einstein
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Re: How long....
by 68Camaro » Wed Apr 20, 2011 5:27 am
John_doe wrote:Do you think it will be before the hoarders get the best of the mint, and they are forced to change composition?
???
Don't think hoarding has anything to do with it. They are costing more than they are worth in face, and they already have plans in play to change it. Don't know the timing, but expect it within 2-3 years, with less than a year warning.
In the game of Woke, the goal posts can be moved at any moment, the penalties will apply retroactively and claims of fairness will always lose out to the perpetual right to claim offense.... Bret Stephens
The further a society drifts from the truth, the more it will hate those that speak it. George Orwell.
We can ignore reality, but we cannot ignore the consequences of ignoring reality. Ayn Rand.
The further a society drifts from the truth, the more it will hate those that speak it. George Orwell.
We can ignore reality, but we cannot ignore the consequences of ignoring reality. Ayn Rand.
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Re: How long....
by Number21 » Wed Apr 20, 2011 6:24 am
People aren't hoarding the zincs are they? If you removed all the copper from circulation it would be like 25% of all the pennies. Would that really make much of a dent?
Does anybody know what the mint is currently paying for the copper plating on the zincs? They should be melting down the old ones!
Does anybody know what the mint is currently paying for the copper plating on the zincs? They should be melting down the old ones!
"I wouldn't give nickel for another buck"
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Re: How long....
by Lemon Thrower » Wed Apr 20, 2011 8:03 am
they are looking at changing composition now only to save costs, not because of hoarders per se.
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