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Changing the Metal Composition Of Coins
Hello
I came across the story link below on the changing of the Coin Metal Composition. http://www.coinflation.com/coinage_material.html ... |
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Changing the Metal Composition Of Coins
Arizona Coin Collector wrote:
Hello I came across the story link below on the changing of the Coin Metal Composition. http://www.coinflation.com/coinage_material.html Sweet. We *really* should stop manufacturing and retire both the cent and nickel, right now. --Dave |
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Changing the Metal Composition Of Coins
In article , Dave Allured
wrote: Sweet. We *really* should stop manufacturing and retire both the cent and nickel, right now. I agree, but it seems so difficult to even get rid of the penny, imagine the outcry if we tried to eliminate the nickel too! We need to take one step at a time. Suppose we changed the composition of the nickel so it costs less than face value to make. Wouldn't that mess up the vending machine industry? Would all machines that accept nickels have to be changed? Paul |
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Changing the Metal Composition Of Coins
Paul Anderson wrote:
In article , Dave Allured wrote: Sweet. We *really* should stop manufacturing and retire both the cent and nickel, right now. I agree, but it seems so difficult to even get rid of the penny, imagine the outcry if we tried to eliminate the nickel too! We need to take one step at a time. Unfortunately, there are no steps small enough to satisfy the willfully ignorant. Even more unfortunately, I am obliged to include a large number of politicians in that category. Suppose we changed the composition of the nickel so it costs less than face value to make. Wouldn't that mess up the vending machine industry? Would all machines that accept nickels have to be changed? There is precedent. When we went to plated and clad coinage, all with reduced weights and metallic profiles, the world did not end. James |
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Changing the Metal Composition Of Coins
On Feb 4, 9:50*am, "Mr. Jaggers" lugburzman[at]yahoo[dot]com wrote:
There is precedent. *When we went to plated and clad coinage, all with reduced weights and metallic profiles, the world did not end. James Composition change in 2012? Yeah...thats when the world will end! 8-) |
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Changing the Metal Composition Of Coins
"Paul Anderson" wrote in message news In article , Dave Allured wrote: Sweet. We *really* should stop manufacturing and retire both the cent and nickel, right now. I agree, but it seems so difficult to even get rid of the penny, imagine the outcry if we tried to eliminate the nickel too! We need to take one step at a time. Suppose we changed the composition of the nickel so it costs less than face value to make. Wouldn't that mess up the vending machine industry? Would all machines that accept nickels have to be changed? Paul Given today's vending machine product prices, it's hard to imagine nickels or dimes having a practical use in vending machine purchases or change making anymore. But I suppose as long as there are little old ladies with change purses, the machines will have to accept them, just like the turnpike toll machines. |
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Changing the Metal Composition Of Coins
Paul Anderson wrote:
In article , Dave Allured wrote: Sweet. We *really* should stop manufacturing and retire both the cent and nickel, right now. I agree, but it seems so difficult to even get rid of the penny, imagine the outcry if we tried to eliminate the nickel too! We need to take one step at a time. Suppose we changed the composition of the nickel so it costs less than face value to make. Wouldn't that mess up the vending machine industry? Would all machines that accept nickels have to be changed? They have you thinking inside a small box, Paul. That is a problem begging to be not solved. Suppose vend operators said enough is enough, priced everything at 75¢. 1.00, 1.25 etc. (Like it has been at my agency for the last year or so.) Suppose they decided sure, we like those coin acceptors just the way they are, so any new fangled light weight nickels just rolled back out the coin return. Suppose you would have to consider yourself lucky if some vending machine would even take your measly two dimes and a nickel. No laws would need to be changed, and almost nobody would complain. The attachment to coinage worth more than its metal is exclusively sentimental. --Dave |
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Changing the Metal Composition Of Coins
Bruce Remick wrote:
"Paul Anderson" wrote in message news In article , Dave Allured wrote: Sweet. We *really* should stop manufacturing and retire both the cent and nickel, right now. I agree, but it seems so difficult to even get rid of the penny, imagine the outcry if we tried to eliminate the nickel too! We need to take one step at a time. Suppose we changed the composition of the nickel so it costs less than face value to make. Wouldn't that mess up the vending machine industry? Would all machines that accept nickels have to be changed? Paul Given today's vending machine product prices, it's hard to imagine nickels or dimes having a practical use in vending machine purchases or change making anymore. But I suppose as long as there are little old ladies with change purses, the machines will have to accept them, just like the turnpike toll machines. Little old ladies with change purses have been unable to dump their pennies into most vending machines for, oh, about half a century ago. That indignity is now reserved for live grocery and department store clerks. They (the ladies) seemed to get over it fairly well. I expect they will face up to loss of their freedom of nickels with similar aplomb. --Dave |
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Changing the Metal Composition Of Coins
Dave Allured wrote:
Paul Anderson wrote: In article , Dave Allured wrote: Sweet. We *really* should stop manufacturing and retire both the cent and nickel, right now. I agree, but it seems so difficult to even get rid of the penny, imagine the outcry if we tried to eliminate the nickel too! We need to take one step at a time. Suppose we changed the composition of the nickel so it costs less than face value to make. Wouldn't that mess up the vending machine industry? Would all machines that accept nickels have to be changed? They have you thinking inside a small box, Paul. That is a problem begging to be not solved. Suppose vend operators said enough is enough, priced everything at 75¢. 1.00, 1.25 etc. (Like it has been at my agency for the last year or so.) Suppose they decided sure, we like those coin acceptors just the way they are, so any new fangled light weight nickels just rolled back out the coin return. Suppose you would have to consider yourself lucky if some vending machine would even take your measly two dimes and a nickel. No laws would need to be changed, and almost nobody would complain. The attachment to coinage worth more than its metal is exclusively sentimental. Erp. I meant, "The attachment to coinage worth LESS than its metal is exclusively sentimental." --Dave |
#10
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Changing the Metal Composition Of Coins
The only money they should change the metal composition of is the paper
dollar. With a new senator in Massachusetts, this may be the time! "Arizona Coin Collector" wrote in message m... Hello I came across the story link below on the changing of the Coin Metal Composition. http://www.coinflation.com/coinage_material.html .. |
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