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 Replies: 76 / Views: 3,510 |
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Pillar of the Community
United States
3739 Posts |
Quote:
I agree. Never give up a cash cow. After the Mint's " Comic Art and Coin Collection" series, a literal cash cow series wouldn't be udderly ridiculous. It might be a moooving experience. Think of it as a complete redesign of coins and currency. It might be the best thing we ever herd of. And just imagine the store clerk saying "that will be twelve cows and seventy five calves, please."  |
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Moderator
 United States
195903 Posts |
At that point, I would just have to ride it until the end.  |
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Pillar of the Community
 United States
5296 Posts |
As long as laundry machines take quarters, I need quarters. The dime can go away AFAIC.
No dollar or twollar coins, ever.
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Moderator
United States
195903 Posts |
Maybe the laundry machines should start taking dollar coins instead of quarters...  |
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Moderator
United States
107266 Posts |
Quote:Maybe the laundry machines should start taking dollar coins instead of quarters... Hmm, good idea  Just not mine if you please.  |
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Pillar of the Community
Canada
1811 Posts |
Quote:
After the Mint's "Comic Art and Coin Collection" series, a literal cash cow series wouldn't be udderly ridiculous. It might be a moooving experience All too true! ..  |
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Pillar of the Community
United States
2126 Posts |
The September 10 Greysheet published an update germane to this discussion: https://www.greysheet.com/news/stor...production/0Excerpt: Quote:
Because the nickel is a repeat offender in excessive production cost, H.R. 3074 proposes steps to reduce the cost of producing the coin. The five-cent coin is currently composed of 75% copper and 25% nickel, as mandated in the Coinage Act of May 16, 1866. Under the proposal, copper would be replaced by zinc and the final composition percentages would be determined by the Secretary of the Treasury after extensive study and appropriate testing.
According to the Mint's annual report, "FY 2025 average spot prices for nickel were $15,441.57 per tonne, average zinc prices were $2,839.69 per tonne and average copper prices were $9,453.50 per tonne." The report gives clear indication that zinc is a more cost-effective solution that could bring production cost in line.
The measure cites a need to ensure that the new composition "has a minimal impact on machines designed to accept coins." " Even a clock that's stopped is right twice a day. "
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Pillar of the Community
United States
2720 Posts |
Quote:
After the Mint's "Comic Art and Coin Collection" series, a literal cash cow series wouldn't be udderly ridiculous. It might be a moooving experience. Think of it as a complete redesign of coins and currency. It might be the best thing we ever herd of. And just imagine the store clerk saying "that will be twelve cows and seventy five calves, please." okay, let's milk this for all it's worth or put it out to pasture, although I'm not sure everyone knows what's at steak here. we don't want to see anyone get barned.  |
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Moderator
United States
195903 Posts |
Quote:
The September 10 Greysheet published an update germane to this discussion:   |
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Moderator
United States
195903 Posts |
Quote:okay, let's milk this for all it's worth or put it out to pasture, although I'm not sure everyone knows what's at steak here. we don't want to see anyone get barned. |
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Pillar of the Community
United States
2126 Posts |
Within the US Modern Coins Forum, I found an earlier broad discussion of a 2010 Obama administration proposal to change the composition of US coinage; the thread can be found here: https://goccf.com/t/59388 and includes this comment: Quote:
My personal opinion is that it is only a matter of time before we move to the era of rounding up cash purchases to the nearest 5 cent anyway. Electronic purchases will continue to be calculated to the nearest cent. I think it's time to be proactive and begin the slow down/elimination of the cent (sad though it will be). The government could/should begin a campaign much like when they planned the conversion from analog to digital broadcast television. The fact remains that they are not going to preserve or change the status quo for the collectors. We already have programs from the mint to 'satisfy' our collecting (at least that's what they tell us...)
Do I think they will take the sensible approach? Probably not. Politics will be played, favors granted and the situation will drag on and mire down until it is killed again...or an "emergency measure" will be passed and we will have a new mess to pay for.
The "Search" CCF function is our friend. . .  . Well-played fortcollins and MrPink. . .  Edited by cptbilly
Today 7H 10M ago
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Pillar of the Community
United States
2720 Posts |
that's no bull.  |
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Pillar of the Community
United States
635 Posts |
I think a lot of people are oblivious to the fact that sales tax has resulted in fractional Cents, just about forever. And that the cost has been rounded to the nearest cent, unobserved by either the customer or the cashier.
No different than rounding to the nearest Nickel. There are rules, regulations, and standards for rounding to the nearest unit. In most places, nearest does not mean UP. As the standard rules go, it would end up, up exactly 40% of the time and down 40%.
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Moderator
United States
195903 Posts |
I have been banging on that drum forever, VZ.  |
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New Member
United States
32 Posts |
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Maybe the laundry machines should start taking dollar coins instead of quarters... I sure wouldn't have a problem with that on the larger machines. |
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Replies: 76 / Views: 3,510 |
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Posted 08/10/2026 3:01 pm
