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 Replies: 27 / Views: 3,379 |
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Moderator
 United States
56855 Posts |
If the U.S.Mint made a cent the size and weight of a dime. Could they make it and not loose money like they currently are on the cent? Thoughts. John1  |
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Valued Member
United States
381 Posts |
Hmm.... Interesting idea! The only problem is that a lot of people might spend them as dimes, vice versa.
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Moderator
United States
23522 Posts |
Nope. Labor is the killer, not material, and I don't think the weight saving would compensate.
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Moderator
United States
187950 Posts |
SSDD is right. The materials cost is not an issue. Even if minted with some material that was free, like dirt, the manufacturing and handling process makes the unit cost exceed one cent.
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Rest in Peace
United States
18456 Posts |
superdave -, in your opinion; do you think the mint will ever stop making the one cent piece ? what are the problems that will occur with this move ?
Tony
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Pillar of the Community
United States
2077 Posts |
Quote:
SSDD is right. The materials cost is not an issue. Even if minted with some material that was free, like dirt, the manufacturing and handling process makes the unit cost exceed one cent. Think of how many counterfeits there would be if they were made of dirt. But that would cut out the labor costs! Edited by OldSkoolMadSkilz
01/16/2015 7:46 pm
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Pillar of the Community
United States
1215 Posts |
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Pillar of the Community
Canada
2805 Posts |
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Outsource to China! Imagine the ridiculous transportation costs, and the sheer stupidity of a country with at least three functioning mints outsourcing its coins to another country. |
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Pillar of the Community
United States
1037 Posts |
Also, vending machines would have a tough time telling them apart.
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Moderator
 United States
56855 Posts |
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The only problem is that a lot of people might spend them as dimes, vice versa. They would be copper color. Thanks for the comments so far. What if the cent was 9.5mm then the mint would be making twice as many units in the same amount of time/labor and material. John1 Edited by John1
01/17/2015 2:06 pm
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Moderator
United States
23522 Posts |
The Cent will go away soon. There's no justification for the expense.
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Moderator
United States
56855 Posts |
I am just tryin' to come up with ideas to save the cent  John1 |
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Pillar of the Community
Canada
3049 Posts |
The country has issues regarding debt that's within the trillions of dollars..
Energy focused on trying to save a coin valued at 100th of a dollar, has no purchasing power on it's own... and cost more to make than the value it represents, is futile and energy wasted...
The demise of the penny is representative towards the rise of inflation.
I commend you for your energy but I personally would steer you to the attention of the first issue I presented...
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Bedrock of the Community
United States
20753 Posts |
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Imagine the ridiculous transportation costs, and the sheer stupidity of a country with at least three functioning mints outsourcing its coins to another country. Your kidding of course. They are doing this now anyway. Outsourcing coinage to China would help them possibly stop making all our old coins now. Now if they made the Penny half the size of a Dime, no one could get it mixed up with a Dime.  And if they made it a bright Red or Blue, again, no one could get it mixed up with a Dime. And even better if they started making pennies square or a triangle, again could not get it mixed up with anything. See all taken care of. Our Pennies will now be square and blue in color and half the size of a Dime. |
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Pillar of the Community
United States
3755 Posts |
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Moderator
United States
187950 Posts |
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Imagine the ridiculous transportation costs, and the sheer stupidity of a country with at least three functioning mints outsourcing its coins to another country. This.  Quote:
The Cent will go away soon. There's no justification for the expense. And this. Quote:
I am just tryin' to come up with ideas to save the cent Quit making it for circulation. Start making a bronze one for collectors (mint sets, proof sets, bags, and rolls). Everyone is happy! Quote:
Energy focused on trying to save a coin valued at 100th of a dollar, has no purchasing power on it's own... and cost more to make than the value it represents, is futile and energy wasted... Oh, and this. |
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Replies: 27 / Views: 3,379 |
Posted 01/16/2015 4:50 pm
