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highroller4321
1000+ Penny Miser Member
USA
2648 Posts |
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Neckro
1000+ Penny Miser Member
Saudi Arabia
2080 Posts |
Posted - 08/17/2009 : 22:50:33
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| Some of those designs are pretty neat. Now all they'd have to do is change the obverse |
Trolling is an art. |
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Robarons
Penny Hoarding Member
USA
522 Posts |
Posted - 08/17/2009 : 22:57:31
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| I liked all the designs of except the ones of the buildings. I guess this is solid proof that they are indeed making a cent for 2010. But the composition is a another story, there seems to be talk that they may do something. What, that is, is the new question. |
Robber Baron= Robarons |
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highroller4321
1000+ Penny Miser Member
USA
2648 Posts |
Posted - 08/18/2009 : 23:54:43
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| They should do what Canada and now Russia is doing with plated steel. |
Copper Penny Investing
www.portlandmint.com |
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Robarons
Penny Hoarding Member
USA
522 Posts |
Posted - 08/19/2009 : 00:05:03
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I think thats the only option they have left. I think we had a thread a fairly long time ago about if they decided to make a cent with a composition below its face value including labor/etc. that steel or aluminium would be the only options.Aluminium, which is priced really close to zinc, would actually be too expensive as well.
They either need to find a cheap metal, change the face value (2 cent?), or drop it like its hot. I really think their trying to get blood from a turnip at this point making cents here and printing billions there. |
Robber Baron= Robarons |
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biglouddrunk
Penny Pincher Member
138 Posts |
Posted - 08/19/2009 : 01:19:36
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| They might never be able to get the cost to manufacture a penny below face. All of the cost goes to energy and labor. There best chance is to make raw aluminun pennies. If they skipped the plating process it would low the energy and labor cost a lot. It takes a lot of energy to copper plate a penny. |
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slickeast
1000+ Penny Miser Member
USA
2533 Posts |
Posted - 08/19/2009 : 06:10:59
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They made an Aluminum penny once.
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During the early 1970s, the price of copper rose to a point where the cent almost contained more than one cent's worth of copper. This led the Mint to test alternate metals, including aluminum and bronze-clad steel. Aluminum was chosen, and over 1.5 million of these cents were struck and ready for public release before ultimately being rejected. The proposed aluminum cents were rejected due to two factors. Vending machine owners complained the coins would cause mechanical problems. Pediatricians and pediatric radiologists pointed out the radiodensity of the metal inside the respiratory and gastrointestinal tracts was close to that of soft tissue and therefore would be difficult to detect in a roentgenogram. About a dozen aluminum cents are believed to still be in the hands of collectors, although they are now considered illegal, subject to seizure by the Secret Service. One aluminum cent was donated to the Smithsonian Institution. |
You don't have to be the BEST you just have to be.......SLICK
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Edited by - slickeast on 08/19/2009 06:16:55 |
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Jefferson
Penny Pincher Member
165 Posts |
Posted - 08/19/2009 : 10:12:06
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Yeah, I saw the Smithsonian example back in June, now that the Museum of American History is open again.
They have some other good stuff like a 1913 V nick, 1933 double eagle, $100,000 gold certificate, etc. Definitely worth a look.
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"Specie is the most perfect medium because it will preserve its own level; because, having intrinsic and universal value, it can never die in our hands, and it is the surest resource of reliance in time of war." -Thomas Jefferson
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Looks like there WILL be a penny in 2010
Forum Locked
Posted - 08/17/2009 : 22:45:35
