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 Replies: 93 / Views: 6,858 |
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Pillar of the Community
 United States
4589 Posts |
The whole thing is a tempest in a stupid teapot. The "$175m savings" is illusionary and only a tiny raindrop in the whole cloud of spending.
The mint makes coins in quantities determined by the Secretary of the Treasury in accordance with the law. ("The Secretary shall mint").
They make enough to fulfill orders from their customer (the Federal Reserve Bank) and for numismatic customers.
If the Fed stopped ordering 1c coins, the mint would make only the smaller # required for numismatic customers.
If the mint did this, the portion of the fixed costs included in the 3c "cost to manufacture" would simply be apportioned over the other billion coins minted. There goes a big portion of the "savings".
-----Burton 50+ year / Life / Emeritus ANA member (joined 12/1/1973) Life member: Numismatics International, CONECA Member: TNA, FtWCC, NETCC, EveryCountry (online) coin club Owned by three cats and a wife of 40+ years (joined 1983) Author: 3rd Edition of the Sample Slabs book, https://www.sampleslabs.info/ |
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Moderator
 United States
188105 Posts |
Quote:Just an idea - make them copper again and only make 1 million for 2025.That will save them money, and make them much more valuable.   |
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Bedrock of the Community
United States
19942 Posts |
Quote:Yup, and they sell for Two Cents each. How does that help? |
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Bedrock of the Community
United States
19942 Posts |
I didn't see any penny defenders think about this....
What could the world do with all the copper and zinc available for commerce once production ended?
Millions of pounds of valuable resources changed over to produce things that are actually useful to mankind. The energy consumed in production moved to powering things that are much more useful to us all.
Lincoln Cent Lover!VERDI-CARE™ INVENTOR https://verdi.care/
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Pillar of the Community
United States
2271 Posts |
Quote:
What could the world do with all the copper and zinc available for commerce once production ended? The way things are now days government or industry will just waste it on something else and rich people will get richer thereby. Time don't fly, it bounds and leaps.
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Moderator
United States
188105 Posts |
Quote:
Millions of pounds of valuable resources changed over to produce things that are actually useful to mankind. The energy consumed in production moved to powering things that are much more useful to us all.  Quote:
The way things are now days government or industry will just waste it on something else and rich people will get richer thereby.  We need Artazn to shift their lobbying towards other zinc-heavy industries. Maybe if we tried to make zinc-air batteries more popular?   |
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Pillar of the Community
United States
2271 Posts |
Quote:
We need Artazn to shift their lobbying towards other zinc-heavy industries. Maybe if we tried to make zinc-air batteries more popular? ROFL. We might as well get more research into zinc substrates for room temperature superconductivity as well. I'm sure if we think about it we can put zinc in everything. This could all be a blessing in disguise for the zinc industry. Time don't fly, it bounds and leaps.
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Moderator
United States
188105 Posts |
Zinc would see a fantastic bump if renewable energy became more popular. But there is a whole other much larger lobby in the way. I guess Artazn is just staying in its lane for now.  |
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Valued Member
United States
117 Posts |
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Pillar of the Community
United States
2271 Posts |
Quote:Make the pennies smaller and make them Three Cents. Back in 1974 I lobbied to get them to stamp a hole in existing pennies large enough to recover some of their metal and imprint '2 1/2 cents" around the hole on both sides. Future half nickels could just be made with the hole. This would have worked fine until about 2005 when the composition would have had to be switched to aluminum. Today it would be necessary to just drop the half nickels and the government wouldn't have wasted hundreds of millions fewer dollars. Time don't fly, it bounds and leaps.
Edited by cladking
01/29/2025 2:39 pm
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Pillar of the Community
United States
3535 Posts |
With all the excess Zinc they could add more Zinc citrate to vitamin supplements.  ..off course too much zinc would be lethal/poisonous. ..and/or what about a plastic core Copper plated cent that might be more cost effective, and it would float! |
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Moderator
United States
188105 Posts |
Quote:
..and/or what about a plastic core Copper plated cent that might be more cost effective,and it would float! Again, no, cost is well over one cent before they even get the material.  |
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Moderator
United States
188105 Posts |
Quote:
Back in 1974 I lobbied to get them to stamp a hole in existing pennies... An interesting idea. Oh, what could have been. |
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Bedrock of the Community
United States
19144 Posts |
I wonder what needs--goods/products--are not being met nationally because cent production taps into the supply of zinc and copper....?
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Moderator
United States
188105 Posts |
Zinc-air batteries, solar panels, wind turbines... We need more, more, more! |
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Replies: 93 / Views: 6,858 |
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Posted 01/28/2025 09:26 am
