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coins
- Thread starter dktucson
- Start date
At least for those of us who don't like to dig zincs and are discouraged when we dig a crusty old nickel, thinking it might be a ring! From the sound of it, the new pennies and nickels will contain a large percentage of steel. Hopefully that makes them easy to reject, using the X-Terra notches. JMHO HH Randy
"The bill would require the U.S. Mint to switch from a zinc and copper penny, worth 1 cent but which costs 1.26 cents each to make, to a copper-plated steel penny, which would cost 0.7 cents to make, according to statistics from the Mint. It also would require nickels, 5 cent coins now made of copper and nickel and costing 7.7 cents to make, to be made primarily of steel, which would drop the cost to make the five-cent coin below its face value."
In 2007, the Mint produced 7.4 billion pennies and 1.2 billion nickels, according to the House Financial Services Committee. Other coins still cost less than their face value, according to the Mint. The dime
"The bill would require the U.S. Mint to switch from a zinc and copper penny, worth 1 cent but which costs 1.26 cents each to make, to a copper-plated steel penny, which would cost 0.7 cents to make, according to statistics from the Mint. It also would require nickels, 5 cent coins now made of copper and nickel and costing 7.7 cents to make, to be made primarily of steel, which would drop the cost to make the five-cent coin below its face value."
In 2007, the Mint produced 7.4 billion pennies and 1.2 billion nickels, according to the House Financial Services Committee. Other coins still cost less than their face value, according to the Mint. The dime