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 Replies: 35 / Views: 7,480 |
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Pillar of the Community
United States
4963 Posts |
It's not a matter of the mint employees not having enough time. I think what cladking means is that it takes longer for a high-relief die to bring out all the design details.
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Moderator
 United States
188708 Posts |
Time is the issue. Higher relief requires slowing down the presses. Slower presses means less coins per day. However, if they take the presses allocated to the worthless cent then the throughput of other denominations could be maintained, even at the slower rate.
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Pillar of the Community
United States
3755 Posts |
Quote:
Time is the issue. Higher relief requires slowing down the presses. Slower presses means less coins per day. However, if they take the presses allocated to the worthless cent then the throughput of other denominations could be maintained, even at the slower rate. And there ya go! |
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Pillar of the Community
United States
997 Posts |
I really meant that if they eliminated the penny they would have more resources to devote to useful coinage, with less time, energy and other resources devoted to a worthless coin (the penny) they could slow down the machinery for the other coins and increase the relief.
I doubt they would actually do that even if the penny was eliminated but it would be nice to see better relief on our coinage.
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Pillar of the Community
 United States
5208 Posts |
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I doubt they would actually do that even if the penny was eliminated That is exactly what would happen. They would just shut down the extra machines and lay off the employees who worked the cent lines. |
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Valued Member
United States
265 Posts |
Let's hope them Penny's keep on Rollin then, Rollin Rollin Rollin on the river.
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Pillar of the Community
United States
2271 Posts |
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That is exactly what would happen.
They would just shut down the extra machines and lay off the employees who worked the cent lines. There would be some layoffs because they waste counless million of dollars and manhours making pennies each year. The mint couldn't absorb all that excess labor. However, without the penny in circulation they'd have to make more dollar coins foir an economy that worked just a little bit better. This would use up some of the "extra capacity" as well but lots of manpower. Then they'd still have excess capacity. If their customers were screaming (and writing their senators) for better designs and better relief then they certainly would use the extra presses to raise the designs and to cut back on layoffs further. This simply is assuming people demand higher relief. At this point it's impossible to provide relief without huge outlays that would cause shock even to a US politician. It would probably require two new mints and beefing up existing fascilities; it's just not going to happen to please a few coin collectors or even the millions of quarter collectors If they revamped the coinage system there would be gains all around including areas like relief that people don't think about. And this is about the only way that we could get higher relief. Time don't fly, it bounds and leaps.
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Moderator
United States
188708 Posts |
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Let's hope them Penny's keep on Rollin then, Rollin Rollin Rollin on the river. Negative, Brushy Bandit. We need to end the subsidy now. Interesting analysis and some excellent points made, cladking.  |
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Pillar of the Community
United States
997 Posts |
I agree with CladKing. There would be some increase needed for other coins but not so much to absorb the penny people. If they got real smart and eliminated the $1 and $2 bills as well then a few less layoffs at the Mint and a few more at the BEP would occur.
Either way there is little chance that the relief would be increased on remaining coinage. The public at large could care less and likely would not notice one way or another.
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Pillar of the Community
United States
2271 Posts |
When the mint sets were eliminated in 1982 I figured they'd go without a peep but the public was writing letters and complaining. I actually saw people come into coin shops asking about mint sets and be disappointed when told there were none.
I'm sure there's not going to be a mass outcry for greater relief but the mint does respond to demand when they can. I believe it might actually happen if the currency system were rationalized. Using paper to purchase candy bars and the production of coins with negative value is madness.
Time don't fly, it bounds and leaps.
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Moderator
United States
188708 Posts |
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Using paper to purchase candy bars and the production of coins with negative value is madness. |
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Pillar of the Community
United States
997 Posts |
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I'm sure there's not going to be a mass outcry for greater relief but the mint does respond to demand when they can. I believe it might actually happen if the currency system were rationalized. Using paper to purchase candy bars and the production of coins with negative value is madness. I think the next rationalization will be a total elimination of coins and currency. With plastic and electronic money gaining more and more acceptance it is a matter of time. I saw a kid buying a bottle of water for under a dollar last week and use a debit card. My $20 bill was scrutinized by the cashier... |
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Pillar of the Community
United States
2271 Posts |
As soon as they do away with cash the banks will probably have a transaction charge.
How do you buy the neighbor's lawnmower or go to the flea market withouth cash?
How do rich people pay their Mexican maids?
I doubt cash is going away soon.
Time don't fly, it bounds and leaps.
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Pillar of the Community
United States
997 Posts |
As soon as they figure those questions out then cash will be gone.
Basically they need a way to anonymize these payments and provide a reliable cash substitute.
It won't be soon, but I think most of us will see it eventually. In the meantime I doubt they will make much substantive changes to the currency system for a long while.
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Pillar of the Community
United States
4963 Posts |
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It won't be soon, but I think most of us will see it eventually. In the meantime I doubt they will make much substantive changes to the currency system for a long while. Yes. As the dollar continues to inflate and coins are worth less and less, I can imagine them just being eliminated. I agree with cladking and n9jig that notes will still be necessary for a long time- or is every single kid required to have a credit card scanner so he can get his allowance? |
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Posted 03/09/2016 8:44 pm
