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Your analogy is poor because other companies can't currently manufacture U.S. coinage that competes with the mint's products.
I disagree, because what you are proposing is that other companies
should be able to make
US coins, which are a proprietary US Mint product.
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That's why the law needs to be changed... it is perfectly acceptable for us to petition our representatives to change the law to allow the manufacturing process to be improved.
Which is why I said you should be discussing it with your representatives.

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I don't even know what you mean by that. China...
China make fakes Nike shoes, fake
US coins, fake whatever. It was a joke, you know, to let China takeover the minting because they already ape our products.

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The notion that privately owned production is somehow of less quality than government owned production flies in the face of historical realities.
Come on, you know plenty of companies makes crap product, whether or not they are government contractors.
Look, just go ahead and pitch this to your reps and see where it goes. I want to know. I would if I actually wanted to to happen, but my opinion is it is folly. However, my opinion is not the one that matters. It is one thing to preach it here, but another to work to make it actually happen. If this is such a good idea, you might not be the only one who wants it. Even if you are, either way, why not build a lobbying organization to sell it on the Hill?
Ultimately you may be right, but do you have the desire to get it done or not?