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#1
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Steel cents on the way...?
I first read about this in COINage magazine (February 2008 issue):
legislation has been introduced to change the 1-cent coin from copper- plated zinc to a steel composition that is treated to "impart a copper color to the appearance of the coins so that the appearance is similar to cent coins produced of a copper-zinc alloy". I haven't seen anything about it online, but the bill is H.R. 4036. It makes sure not to affect the bicentennial coins for 2009, but this is a long-overdue change. Les http://life-of-coins.blogspot.com/ |
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#2
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Steel cents on the way...?
wrote in message ... I first read about this in COINage magazine (February 2008 issue): legislation has been introduced to change the 1-cent coin from copper- plated zinc to a steel composition that is treated to "impart a copper color to the appearance of the coins so that the appearance is similar to cent coins produced of a copper-zinc alloy". I haven't seen anything about it online, but the bill is H.R. 4036. It makes sure not to affect the bicentennial coins for 2009, but this is a long-overdue change. Les Sounds akin to someone proposing a redesign idea for the typewriter or the record album jacket. |
#3
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Steel cents on the way...?
On Jan 4, 10:02 am, "jim menning" wrote:
wrote in message ... I haven't seen anything about it online, but the bill is H.R. 4036. There's plenty online. Google has over 24,000 hits with H.R. 4036 +cent for the "Cents and Sensibility Act". http://www.google.com/search?hl=en&q=H.R.+4036+%2Bcent I was looking for "steel cents 2008" and didn't find relevant data... the article didn't have the bill number: I had to find that from www.thomas.gov. Les http://life-of-coins.blogspot.com/ |
#5
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Steel cents on the way...?
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 |
#6
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Steel cents on the way...?
"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? - Lincoln's birth. James |
#7
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Steel cents on the way...?
On Jan 4, 5:51*pm, "Mr. Jaggers" lugburzman[at]yahoo[dot]com wrote:
"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? - Lincoln's birth. James 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 |
#8
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Steel cents on the way...?
Hello
I don't think the one cent penny is going away. FROM: http://www.pennies.org/ Americans for Common Cents The Penny's Impact: From the Grocery Store to the Gas Pump The penny enjoys overwhelming support from the majority of Americans. Eliminating the penny is a losing proposition because it will result in rounding to the nearest nickel and higher prices for America's working families. This increased cost to consumers will be felt in everything from the grocery store to the gas pump. Pennies add up to millions of dollars every year for charities across the country. Simply put, the penny plays an important role in our everyday lives and in our nation's economy. Our Mission Americans for Common Cents aims to inform and educate policymakers, consumers, and the media about the penny's economic, cultural, and historical significance. Through coalition building, media outreach, and community partnerships, ACC attempts to ensure that accurate information about the penny is widely disseminated, and that the impact of any changes to the penny's role in our nation's monetary supply is adequately understood. wrote in message ... I first read about this in COINage magazine (February 2008 issue): legislation has been introduced to change the 1-cent coin from copper- plated zinc to a steel composition that is treated to "impart a copper color to the appearance of the coins so that the appearance is similar to cent coins produced of a copper-zinc alloy". I haven't seen anything about it online, but the bill is H.R. 4036. It makes sure not to affect the bicentennial coins for 2009, but this is a long-overdue change. Les http://life-of-coins.blogspot.com/ |
#9
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Steel cents on the way...?
FROM:
http://www.pennies.org/index.php?opt...66&Itemi d=57 Steel Penny Legislation Introduced Press Release Contact: Mark Weller (202) 408-3933 For Immediate Release: November 2, 2007 WASHINGTON, DC - Illinois Representative Peter Roskam introduced legislation yesterday to change the metal of the composition of the penny to steel. According to Roskam, other countries have adjusted the metal content of some or all of their circulating coins given the increase in metal prices. He urged the United States should do the same thing by adopting H.R. 4036. Wide swings in metal prices around the world have impacted the cost of the penny and other U.S. coins. In fact, the U.S. Mint has stated publicly that it now costs almost a dime - 9.5 cents - to make a nickel. Mark Weller, Executive Director of Americans for Common Cents, said Congress and the Mint should explore ways to make coins more cost effectively. "Americans benefit from the penny," Weller said. "The country and individual consumers would be harmed, however, if a discussion of alternative metals turned into an effort to eliminate the penny," he added. Since hitting an all time high in December 2006, the price of zinc (the primary metal in the penny) has dropped to half that level in less than a year. "That is exactly why we should not overreact to short-term metal price fluctuations and consider eliminating the penny," Weller noted. Stabilization of zinc prices is consistent with historical patterns and a trend that may continue as more suppliers enter the marketplace around the globe. Since 1982, the Mint has made more than $800 from penny production. Weller noted that the government will not save money with penny elimination. "The nickel costs more to make than the penny, so it's hard to see how you save money by making more nickels," Weller said. Economic research has shown that consumers would be hit with a minimum of a $600 million annual rounding tax without the penny, since prices would be rounded to the nickel without the penny. Americans for Common Cents is a broad based and informal coalition of charitable organizations, historians, coin collectors and those involved in penny production who share a common interest in the penny's history and continued circulation. wrote in message ... I first read about this in COINage magazine (February 2008 issue): legislation has been introduced to change the 1-cent coin from copper- plated zinc to a steel composition that is treated to "impart a copper color to the appearance of the coins so that the appearance is similar to cent coins produced of a copper-zinc alloy". I haven't seen anything about it online, but the bill is H.R. 4036. It makes sure not to affect the bicentennial coins for 2009, but this is a long-overdue change. Les http://life-of-coins.blogspot.com/ |
#10
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Steel cents on the way...?
On Jan 4, 11:40*am, "Michael G. Koerner" wrote:
Heck, if I were a USCongresscritter, I'd offer an amendment to that bill to drop the denomination. And probably not get elected again. |
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