Steel cents on the way...?

On Fri, 4 Jan 2008 15:41:12 -0800 (PST), Stefano MacGregor wrote:
On Jan 4, 7:13*am, "
wrote:

It makes sure not to affect the bicentennial coins for
2009, but this is a long-overdue change.

What is 2009 the bicentennial of?

http://en.wikipedia.org/wiki/Abraham_Lincoln

On Jan 4, 6:56*pm, oly wrote:

It's maybe not hard to imagine a steel cent, or summwhat like it - but
to colorize that? *Seems like the new coin product would also be
pricey.

Canada has been issuing copper coated steel cents for several years.
Interestingly enough they continue to issue copper coated zinc cents
also.

Frankly all this moaning about how costly it is to mint cents is just
a lot of hog wash.
Whatever savings the mint "MAY" get is just a drop in the bucket
compared to the total Fed budget.
If the gubmint REALLY wants to save money, it can stop ****ing away a
couple of billion bucks a week funding the crisis in the Middle East.

From my experience abroad, its easy to have cheap coins in different
colors.

Brazil has steal coins coated in copper for the 1 and 5 cent coins for
the same color as the penny. 10 and 25 cents are coated in brass for a
color similar to the sacs and pressies.

As the penny is not accepted in any vending machine, change in
composition is not an issue.

I have no idea how much nickel can be removed from the 5 cent coin and
replaced with steal before vending machines stop recognizing it.


As for the "common cents" people, why dont they bitch at a lack of a
mil? Are we not losing billions in gasoline station transactions?

Also, their "rounding tax" doesnt seem to take into account that
rounding is also done downwards

oly wrote:

It's maybe not hard to imagine a steel cent, or summwhat like it - but
to colorize that? Seems like the new coin product would also be
pricey.

oly

Canada has been making theirs of steel since 2000 with the recipe 94%
steel, 1.5% nickel, 4.5% copper plated zinc. The only problem is it is
reported to cost the RCM 0.8 cents to make a penny so you are already
starting out with very little wiggle room in terms of cost savings.

On Jan 5, 7:39*am, "Roßert G. Schaffrath"
wrote:

Canada has been making theirs of steel since 2000 with the recipe 94%
steel, 1.5% nickel, 4.5% copper plated zinc. *The only problem is it is
reported to cost the RCM 0.8 cents to make a penny so you are already
starting out with very little wiggle room in terms of cost savings.

For some reason Canada has also made the coper plated zinc cents
during that time period also. Don't know if there was a shortage of
steel blanks or what.

You've got to be kidding, right? Or are you one of the many clueless
Americans that Jay Leno seems to find every time he goes Jay Walking?

Bob

"Stefano MacGregor" wrote in message
...
On Jan 4, 7:13 am, "
wrote:

It makes sure not to affect the bicentennial coins for
2009, but this is a long-overdue change.

What is 2009 the bicentennial of?

--
Stefano

"Robert Dibbell" wrote in message
. ..
You've got to be kidding, right? Or are you one of the many clueless
Americans that Jay Leno seems to find every time he goes Jay Walking?

C'mon, Bob, give Stefano a break, he's not Carnac the Magnificent.

The answer is: "Chicken Sukiyaki"

James
'name the only surviving kamikaze pilot'

""Roßert G. Schaffrath"" wrote in message
...
oly wrote:

It's maybe not hard to imagine a steel cent, or summwhat like it - but
to colorize that? Seems like the new coin product would also be
pricey.

oly

Canada has been making theirs of steel since 2000 with the recipe 94%
steel, 1.5% nickel, 4.5% copper plated zinc. The only problem is it is
reported to cost the RCM 0.8 cents to make a penny so you are already
starting out with very little wiggle room in terms of cost savings.


Since 1992 the UK one penny and two pence coins have been copper plated
steel.

They are easy to spot in the fountains in shopping centres as they rust a
lot faster than the older bronze coins. Billy

"Mr. Jaggers" lugburzman[at]yahoo[dot]com wrote in message
...

"Robert Dibbell" wrote in message
. ..
You've got to be kidding, right? Or are you one of the many clueless
Americans that Jay Leno seems to find every time he goes Jay Walking?

C'mon, Bob, give Stefano a break, he's not Carnac the Magnificent.

The answer is: "Chicken Sukiyaki"

James
'name the only surviving kamikaze pilot'


Have you heard about the Irish kamikaze pilot?

He survived 23 missions. :-) Billy

On Jan 6, 4:51*am, "note.boy" wrote:
""Roßert G. Schaffrath"" wrote in ...

oly wrote:

It's maybe not hard to imagine a steel cent, or summwhat like it - but
to colorize that? *Seems like the new coin product would also be
pricey.

oly

Canada has been making theirs of steel since 2000 with the recipe 94%
steel, 1.5% nickel, 4.5% copper plated zinc. *The only problem is it is
reported to cost the RCM 0.8 cents to make a penny so you are already
starting out with very little wiggle room in terms of cost savings.

Since 1992 the UK one penny and two pence coins have been copper plated
steel.

They are easy to spot in the fountains in shopping centres as they rust a
lot faster than the older bronze coins. *Billy

Yes, and the UK pennies are also presently worth twice as much as the
American version, MOL. Since 1992, I don't recall the exchange being
much better than 1.5 dollars to a pound, and usually worse. That
makes the economies of the matter a lot different. The Canadian
experience is more equivalent to ours.

It seems to me that whatever is done, the Mint will still have tight
margins to work with. It might be better to get people used to a
silvery color, now, as the inevtiable prelude to aluminum or aluminum-
alloy cents.

oly