Coinage Composition:Testimony offered three main conclusions

[reddirtcoins]

Interesting ideas. Right down the path I thought would come up. Lets see later this year what happens.

Better sort faster!!

http://news.coinupdate.com/multi-ply-pl ... oins-1328/

[uthminsta]

They should start making their eagles with gold-plated tungsten! That will save money.
Sort faster, indeed. Thanks for the article RED DIRT.

[henrysmedford]

From your link--

Rodney Bosco, Director in the Disputes and Investigations practice at Navigant Consulting provided testimony based on a report commissioned by Jarden Zinc products, a producer of coin blanks and licensee of the Royal Canadian Mint's multi-ply plated steel technology.

As that Jarden make the planchets for the cent now why would they fuss if it used steel blanks from them and also got the planchets for the nickel too.

[rsk1963]

"Weber's testimony went on to explain that the transition in Canada from pure nickel and nickel alloy coins to multi-ply steel coins went smoothly due to the commitment by the Royal Canadian Mint to involve major stakeholders throughout the process. He cited savings to Canadian taxpayers of more than $250 million as well as profits from removing older coins from circulation and selling them for their metal content. Multi-ply technology has been adopted by 28 different countries representing 60 denominations."


Not yet!!!

[rainsonme]

I work with a guy who helped develop the equipment the Canadians used to pull their nickel nickels out of circulation.

It will be interesting to see if the US gov has enough gumption to do the same. For coin collectors, it will be a sad day; just as you cannot find quarters or dimes older than 1965, not too long from now you won't be able to find pennies or nickels older than 2013.

My ignorant guess is that they will switch composition in 2013, after the election is over, to avoid the bad press, and just in front of major currency devaluation.