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 Replies: 19 / Views: 3,585 |
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Pillar of the Community
United States
1796 Posts |
Just came across the following reading the morning news and blogs: Quote:
"Treasury Overhauls Circulating Coins
In a rare Sunday announcement, Secretary of the Treasury Tim Geithner announced that beginning in 2013, the U.S. Mint will change the size and composition of U.S. coinage in an effort to the government additional money.
Beginning in 2013, all coins struck by the U.S. Mint will be made of a inox (stainless steel) and will have its diameter reduced in size by 25-percent. The thickness of the coins will not change. For colored coins, the one-cent coin will be plated with copper to maintain its traditional color. For the dollar coins, the inox planchettes will be treated with titanium nitride (TiN) to add hardness to the coin and give it a golden color. Titanium will be used as a coating on the silver-colored coins.
Titanium appears to be a good choice in that it is a strong metal and resistant to corrosion making ideal to protect the steel core. Since titanium has a high melting point (more than 3,000°F) and will give the new coins a unique electromechanical signature, it will make the new composition difficult to counterfeit." http://coinsblog.blogspot.com/2012/...g-coins.htmlJeez, I can't believe it's April already. ;-) |
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Pillar of the Community
United States
4897 Posts |
Nobody in Washington works on Sunday...or for that matter any other day.....  |
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Pillar of the Community
United States
1116 Posts |
Not only don't they work on Sunday, but today is April 1. April 1 = April Fools day.
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Pillar of the Community
United States
1388 Posts |
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Pillar of the Community
United States
1388 Posts |
Forgot what today was...  ... For a second I thought they legalized crack in DC...  |
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Rest in Peace
United States
4078 Posts |
Just read that the U.S will let us to legally melt copper cents. 4/1/2012
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Bedrock of the Community
United States
10045 Posts |
"all coins struck by the U.S. Mint will be made of a inox (stainless steel)...and dies will be made from tungsten carbide" |
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Pillar of the Community
United States
3755 Posts |
Quote:
For a second I thought they legalized crack in DC... They have. Watch the Barry video... |
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Bedrock of the Community
United States
20753 Posts |
But why stop at a 25% reduction is size? Why not reduce all coins by 50%. So much easier to carry then.  Same for our paper currency. Why not reduce them to about 50% to save all that stuff they make them out of. |
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Pillar of the Community
United States
6326 Posts |
I thought we were going to all switch over to plastic credit/debit cards anyway > .....  No more actual physical literal "money/currency" changing hands......all electronic ? |
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Moderator
 United States
187702 Posts |
Good one. Because I am reading this a day late, you almost had me going. Almost.  |
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Rest in Peace
United States
3039 Posts |
More billions spent on cents nobody wants and dollars nobody uses. A Golden Fleece Award candidate for sure.
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Pillar of the Community
United States
927 Posts |
Sounds like an April Fools joke to me. They can't make any decisions in Washington anymore.
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Valued Member
United States
268 Posts |
that is very interesting thanks for sharing  |
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Pillar of the Community
United States
2295 Posts |
Nice joke. If they didn't mention the reduction in coin size, it would have been a little more believable.
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Pillar of the Community
 United States
1796 Posts |
Yeah the size reduction is what originally gave it away for me. :-)
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Replies: 19 / Views: 3,585 |
Posted 04/01/2012 09:45 am
