For these to make a comeback with Obama just seems logical
Posted on 03/09/2011 3:30:16 PM PST by blam
Is The U.S. Mint Going To Change The Metal Content Of The Nickel?
Wednesday, March 9, 2011
Robert Wenzel
The current composition of the U.S. nickel is 25% nickel and 75% copper. It currently costs roughly 7 cents worth of this metal combination to make a nickel. Not a very profitable operation for the U.S. Mint. This may be change.
The United States Mint announced on Monday that it is requesting public comment from all interested persons on factors to be considered in conducting research for alternative metallic coinage materials for the production of all circulating coins.
According to the Mint:
These factors include, but are not limited to, the effect of new metallic coinage materials on the current suppliers of coinage materials; the acceptability of new metallic coinage materials, including physical, chemical, metallurgical and technical characteristics; metallic material, fabrication, minting, and distribution costs; metallic material availability and sources of raw metals; coinability; durability; sorting, handling, packaging and vending machines; appearance; risks to the environment and public safety; resistance to counterfeiting; commercial and public acceptance; and any other factors considered to be appropriate and in the public interest.
The United States Mint is not soliciting suggestions or recommendations on specific metallic coinage materials, and any such suggestions or recommendations will not be considered at this time. The United States Mint seeks public comment only on the factors to be considered in the research and evaluation of potential new metallic coinage materials. The Mint is a very slow bureaucratic machine, so nothing is going to happen this week, or even this year, but the day will come when the metallic content of the nickel is going to change.
In the meantime, as the Fed prints more and more money, the metal value of a nickel will continue to climb. At some point, nickels will disappear from general circulation just like the pre-1965 silver dimes and quarters have.
Might as well make it lead,
everything obama has touched so far has turned into it.
People have started squirreling nickels away,
One guy claimed to have $8000 worth. a bit overboard, IMHO.
You need silver, lead, brass, etc for balance.
Better to make it plastic.
Just round everything off to the nearest dollar.
What will they call it now, a “plastic”?
They’ll eventually become Nickel plated Zinc.
For these to make a comeback with Obama just seems logical
Not good, it takes oile to make plastic and we know the high price of oil now.
I was thinking of dehydrated fecal matter. The metallic content could be achieved by feeding the fecal matter donor mineral tablets. Dehydrated fecal matter would adequately reflect what our politicians have done to our once sound dollar over the last 50 years.
heaven forbid our government be responsible for making anything of any real value.
Depleted Uranium could be interesting.
Shoot, just make the nickel out of beef, since we’re headed back to a barter economy anywise.
But dollars are made with cotton.
Cotton has gone up about 150% since mid 2010!
I have been telling hubby to stock up on jeans, socks and undies. Daughter too!
Why depleted? Use nuclear waste and we won’t need Yucca Mountain.
I believe they have already changed the content of nickles. I got one in change a couple of days ago, the feel and weight of it is much lighter than the old nickles...The face of the nickle is also different...
That would make the dollar then new penny.
Actually that might be pretty close to reflecting the actual extent that this administration will eventually have devalued our currency, and the nation in general.
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