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 Replies: 99 / Views: 9,547 |
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Pillar of the Community
 United States
602 Posts |
(124) Not Allowed - Auto-Removed has all the melt prices of all the coins of the US, then and now. You can see the melt values of silver one too.
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Pillar of the Community
United Kingdom
2135 Posts |
There's a much simpler solution - outsource the production of pennies and nickels to somewhere with lower costs, The Royal Mint, or dare I suggest China or North Vietnam. |
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Pillar of the Community
Canada
2805 Posts |
They're still heavy coins, the distribution costs would just get worse.
And in China, I'd assume standards would be looser, and so there's a higher chance that the dies would end up being sold, copied and abused...
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Pillar of the Community
United States
979 Posts |
They're still heavy coins, the distribution costs would just get worse.
And in China, I'd assume standards would be looser, and so there's 100% chance that the dies would end up being sold, copied and abused...
I fixed your post :)
Edited by Broseph
10/12/2013 10:37 pm
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Pillar of the Community
United States
1130 Posts |
It would be pretty bad to have our U.S. money printed in China. And at 11.14 cents for a quarter, the cost is made up for the simple cost of making a penny.
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Pillar of the Community
United States
2311 Posts |
Yeah, making money in China is the wrong idea. Those Chinese copy everything and steal people's stuff.
For example, lets say you were making iphone cases that would prevent the screen from breaking if you drop it.
So you send the designs to China where you have a factory that would make them for you. Well, lets just say the Chinese
will be selling the same kind of design for that iphone case.
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Valued Member
China
171 Posts |
I live in China and wanted to comment about the rounding issue. Over here, prices are usually rounded to the nearest 1RMB (no tax after sale) with supermarkets rounding to the nearest 1/10th of an RMB. 1 RMB is about 16 cents US. In a country where the average monthly income is about $400 US, the idea that people complain about rounding up or down to the nearest 5 cents is laughable. Every time I hear that argument, I shake my head.
(I know I am a few pages behind. Just wanted to add that)
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Pillar of the Community
United Kingdom
2135 Posts |
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Those Chinese copy everything and steal people's stuff. No doubt some do but I doubt it's the mainstream corporations or the Chinese mints. If the US got the Chinese to make their coins, China might be willing to make it illegal to forge any coins. Why is it acceptable to allow the Chinese to make our computers and phones (and thousands of other things) but not low denomination coins ? |
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Bedrock of the Community
13014 Posts |
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Why is it acceptable to allow the Chinese to make our computers and phones (and thousands of other things) but not low denomination coins ? Its really not acceptable for government ones but for some reason we do it. If you cant even make your own money youre done for. It cheapens its perception. Not to mention you wouldnt save any money and would likely be paying a lot more when you account for shipping. North Korea is already making enough of our money we dont need to move production any closer. |
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Pillar of the Community
Canada
2805 Posts |
North Korea what? Or do you mean all that aid money? Anyways, how about you subcontract it out to Canada? On The Royal Mint tour, they show off that they already make coins for 20+ different countries (including Israel, which America spends more on - boom, political shots fired). |
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Bedrock of the Community
13014 Posts |
North Korea is the source of some of the better counterfeit US bills. Not really much you can do to stop them other then trying to pick the shipments off
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Moderator
 United States
189767 Posts |
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Not to mention you wouldnt save any money and would likely be paying a lot more when you account for shipping. This. |
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Pillar of the Community
United States
2541 Posts |
I think I'd ultimately be for Sap's idea on page one - keep copper cents in mint & proof issues. I love to roll hunt, but pennies in change are just a pain for everyone. Now getting Congress to agree on it....
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Pillar of the Community
United States
1130 Posts |
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Pillar of the Community
Canada
2805 Posts |
I'd keep the cents in sets zinc, though.
An example: South Korea's 1-won coin used to be brass, but it was changed to aluminium and, later, stopped circulating - today it is worth about 1/10th of a cent.
The in-set 1 won coin is produced in aluminium to this day, not brass (even though it is sold for much more than face value). I like this - it doesn't pretend to be worth more than it is.
But for the silver proof set, go back to copper (is it already? I'll admit I have no idea what goes in silver proof sets other than silver, but I've seen .925 proof Canadian nickels taken out of sets) for sure, to reflect the "historical" composition of the cent.
Or... give it up already and completely excise it from American numismatics!
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Replies: 99 / Views: 9,547 |
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Posted 10/12/2013 8:04 pm
