The US Mint's Biennial Report To The Congress

"stakeholders" Is this a code-word for metal lobbyists? The people that supply the mint with the material to be made into coins?

EMS? Emergency Metal Standards?




Plastic? all those Mt Dew/Pepsi/Coke/Aquafina/etc bottles? Aluminum? All those beer and soda cans. Hey the govr can even take drink cans as taxes, sent them to the mint and the mint has free resources.

I am frankly sick of having to pay for someone to collect my aluminum cans, and they get paid by the city to do it, and in turn get paid by whoever buys the aluminum! I would rather pay the nickel deposit for glass and cans and get MY money back than having some "recycle" company double dip into the pot! Actually I have been cutting out sheets from my cans lately in cause I needed something out of metal like a patch for anything or animal deterrent for my trees. I paid for the can as well as the drink, the packaging is NEVER free!

I am guessing it only means mixed metals since it says compositions. so have they considered pure aluminum? I just look at my 1943 1 Franc and how pretty it is after having made it through a war and across the ocean to end up in my hands from a roll, and can't figure out why aluminum isn't used. Not just for pennies but others as well. Must be something to do with that EMS characteristics I don't know a thing about. Which I am guessing might include vendors?

So the vendors can't make new machines that can use all aluminum coins or something? the opposite of pro is con right? so the opposite of progress then is congress?

industry does not just mean coin-ops. Often times when I get lottery tickets with the non-keepers from my boxes of pennies and nickels the places actually weight the roll. I figure that billion worth of cost would mean actually training cashiers to know what money is considering how often people refuse to take $2 bills, half dollar and dollar coins because the coin jockeys that let the machines do all the work nowabays don't bother to learn what money is.

Just look at the reports in the $100k project, $25k project, and paper currency forums here about people jsut not knowing what moeny is because they are untrained. Sorry, but that is a big reason the economy doesn't function and why coins are not used that often because businesses are lazy. their cashiers are lazy and stupid. and they are the fault for the Mint never knowing what it needs to make because the businesses are such flakes that they change their minds all the time because it seems "We The People", Us citizens not businesses nor Canadians, are not the ones that the coins are made for...

Heaven forbid the Canadian coins end up in Us circulation in coin-ops because oh no, the horror! because those quarters must be a copper zinc sandwich to placate that one company that makes the sheets blanks are cut from? Which means that Royal Canadian Mint process may be in for pennies, nickels or dimes, but not quarters or larger. What is that other proprietary metal Nordic Gold or something like that which is really just a brass alloy? Isn't it cheaper than the current $1 coin and doesn't look dirty and nasty as quickly? Or was that only used in those coins-in-a-ring like the old 500 Lire coins before they went to Euro?

As for transportation, everyone has a local IRS office. It isn't free when the "recycle" company comes to pick them up either, but they still make money twice when they should only get it once. Being from Canada and probably young, you probably don't know or too young to remember when US had places you could go and turn in cans of all sorts, and bottles and they paid you for them. You would take them by on your way to someplace else, so you weren't losing money on the price of gas as you were already going out. Figuring back then it was 78 cents per gallon of gas and you got 4 cent per pound of soda cans, and sometimes 10 cent per pound of tin cans (junk yard will still pay for steel cans) I wonder what the cost now really is relative to gas prices?

Anyone got info of aluminum spot prices from any month in the early 80s? Aluminum is currently 85 cent per pound. I would take all my cans somewhere today for a nickel a pound rather than paying $30 per month for someone to profit off my resources like glass, plastic, metals, paper...just so they can resell it to me as something else!

Also nice to know Canadians sympathize with the 1%. Gives me a clear understanding of how I should feel about Canadians.

Dude take a chill pill calling cashiers lazy and stupid doesn't win you any fans. Businesses adapt to market conditions....sometimes what they thought the previous week turns out not to be the next week.

Maybe you should actually run a business, deal with all the headaches associated with it before you start throwing the "businesses are evil, corrupt, thieves" card.

I'm sure most business owners have more important things to worry about than how they can steal pennies from their customers.

Here is where I do have a bit of an issue singling out the cent to stand alone... Bear with me here...

Sure we lose money on the cent, but it is part of a larger family of coins that make up a part of our monetary system of coins and notes. By saying, on its own, that the cent should be canned because it costs too much would be like saying, let's stop making tires for cars because they cost too much. The cent is as such an integral part of the entire "machine" as the tire is to the car. At the end of the day our entire monetary system of coins and notes makes a seinorage profit across the entire spectrum of denominations. To me, as long as the sum total of all coins minted makes enough profit to run the mints, why are we worried that every denomination turns a profit?

Businesses have been known to continue a non-profit producing product simply so it wouldn't alienate some customers. It simply made up the money with its other products.

Then again, more profit = more profit.

Where does it stand in the mint's charter that it is supposed to be a For Profit business? To me if the mint breaks even at the end of they day, that is all they are entitled to.

this is where seigniorage comes into play. When the value of the material is less than the face value. Ergo why so much talk of getting rid of the penny, though as you have said, the whole system makes money (no pun intended) when the Mint puts out more dollar-value of coins than it costs to make THEM ALL.

Maybe FDR's New Deal had something to do with "for a profit" when he set up the FED.

But yes, find an older thread on the penny and I did the math for 2011 for how much it cost to make ALL coins except the halves (data not found on mintages or costs), and there was a profit. The problem, like most laws recently, is that some Fortune 500 company is trying to make the laws as if the country can be run by these places that give CEOs X billions of dollars per year while the lowest ranked worked cannot even pay rent. That is where these "idea" people are coming from thanks to industry lobbyists buying politicians.

The deficit and other such thing are supposed to come from the FED, which pays the BEP 18 cents, the same it costs the BEP to make a $100 and sends them out to bank for $100 each. So the FED is making $99.82 per $100 bill it releases to the public, and NOBODY knows where the profit is going, but I would wager Warren Buffet has gotten a large some of it, or Enron, Martha Stewart or these other embezzlers.