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 Replies: 194 / Views: 18,476 |
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Bedrock of the Community
United States
19106 Posts |
There's the zinc lobby and the paper lobby. There's also Hobby Lobby....but that's another matter. Collectors might have a voice--or some form of market leverage/clout--when it comes to the makeup of specialized mint collectables.
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Pillar of the Community
 Canada
1759 Posts |
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13 years after Canada eliminated the one cent coin, coin stores still have buckets of them that they will sell for little more than face value The operative words here are coin stores. There are literally tons of one cent coins held/stored/saved or waylaid by the public. We seem to have survived.  |
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Pillar of the Community
United States
8938 Posts |
Another thing to consider is that most people's day to day transactions are done by either electronic payments via phone or by using a credit card, neither of which care if the penny is being minted anymore. It really won't affect most day to day transactions I don't think.
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Moderator
 United States
187446 Posts |
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My understanding is that there is a zinc lobby, but I have to believe it could be bought off if we moved to a zinc-based dollar coin. I have said in the past, they need to move their focus to a zinc based five cents coin. This will solve the "nine cents to make a nickel" problem.  |
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Moderator
United States
187446 Posts |
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Collectors might have a voice--or some form of market leverage/clout--when it comes to the makeup of specialized mint collectables. Agreed. I do not see the cent being eliminated from anything but circulation. |
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Moderator
United States
187446 Posts |
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We seem to have survived. Here here!  |
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Moderator
United States
187446 Posts |
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Another thing to consider is that most people's day to day transactions are done by either electronic payments via phone or by using a credit card, neither of which care if the penny is being minted anymore. It really won't affect most day to day transactions I don't think. This. |
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Bedrock of the Community
United States
19106 Posts |
Zinc core nickels, maybe? Might give zinc rot a new meaning. Perhaps just eliminate the nickel as well and move forward. Will be fun to look back in a few years and see what we're dealing with.
Edited by ijn1944
02/10/2025 2:28 pm
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Moderator
United States
187446 Posts |
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Zinc core nickels, maybe? Might give zinc rot a new meaning. They already make nickel plated zinc blanks. We just do not use them here.  Quote:
Perhaps just eliminate the nickel as well and move forward. I would not argue against that. I will just direct the zinc lobby towards other uses for its product, like renewable energy.  Quote:
Will be fun to look back in a few years and see what we're dealing with. Indeed.  |
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Pillar of the Community
United States
978 Posts |
*** Staff Edit: No Politics ***
"We are all flawed, some MD and some PMD." NYI |
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Pillar of the Community
United States
4587 Posts |
Late, but Quote:Just a follow up thought, but didn't Congress force minting of 1921 Morgan dollars in the face of no real demand and executive opposition? There was a specific law to have them melted down and then recoined after the war. The mint used (recreated actually) Morgan dies because the Peace dies were not ready in time. https://fraser.stlouisfed.org/title...man-act-5875-----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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Pillar of the Community
United States
6448 Posts |
After the Zincolns, I have no idea why you guys think a zinc core 5˘ coin is a good idea. Zinc currency obviously has far inferior durability to copper, solid cupronickel, manganese brass, cupronickel clad, plated steel, and pretty much every metal currency alternative that we have ever tried.
While the zinc lobby may be powerful, I would also point out that if it currently costs more than a cent worth of zinc to make a one cent coin, then logically, the minting of one cent coins is not the driving factor of zinc prices.
I would vote for plated steel, like small denomination Euro coins. Steel is cheap, durable, plentiful, and can be directly melted for scrap once damaged currency is retired.
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Pillar of the Community
United States
1484 Posts |
Latest U.S. production figures show that 160 million 2025-P cents have been minted, along with 82.4 million from Denver. If those happen to be final numbers, it will mirror the production from Canada's final year—a little more scarce than usual, but certainly not a rarity.
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Moderator
United States
187446 Posts |
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After the Zincolns, I have no idea why you guys think a zinc core 5˘ coin is a good idea. Never said it was a good idea, just a way to placate the zinc lobby. I would rather see all that zinc used in the renewable energy industry. I have made it known in the past that the dime is the new penny, so the nickel should be NIFC as well. Quote:
if it currently costs more than a cent worth of zinc to make a one cent coin The bulk of the cost is in the minting, not the zinc. As I have said more times than I can count, even if zinc were free, the cent still costs more than a cent to make. Quote:
I would vote for plated steel, like small denomination Euro coins. Steel is cheap, durable, plentiful, and can be directly melted for scrap once damaged currency is retired. For the five cents coin? Yes. It is an option, as shown in the embedded link I posted earlier. |
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Pillar of the Community
United States
1484 Posts |
Canadian cent production went from 662.75 million in 2011, to 199.35 million in 2012, to zero in 2013.
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Replies: 194 / Views: 18,476 |
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Posted 02/10/2025 1:53 pm
