Pics of Wash Dollar Roll opened

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I'm reading through Coin World this week and I can't even get these coins from any of the banks in NYC. I'm getting a sinking feeling about this whole thing. These presidential coins are going to be a laughing stock and the tipping point of the mint collectables.

Ruben

 

I hadn't really looked at the coin until I read johndo's reply to this post and thanks to the original poster I was able to get a good view. He does look bug eyed. When I played sports in High School there was some horseplay and a little fighting but not what I read about in the news this morning. It looks like George got a "cup check". No disrespect intended to the Father of our Country.

 

Wow, That seems a little fast until you look at the numbers they have to produce.

If the mint estimated production figures are correct (242,060,000 total) and they produce equal amounts of each PD (Presidential Dollar) and 1/3 Sacagawea's. That's a total of approx. 40.343 million total of each PD or 20.171 million per mint. At 1k per hour that's 14 days of nonstop production for one machine at each mint.

Wonder how many machines they use to make these at each mint?

Wonder if these are the same machines they need to make the Sacagawea?

Add shift changes, required maintenance, die care, material handling, production issues and anything else that might stop the presses and you chew up a lot of time.

Again it is interesting to note that the production of the euro in large production has not had these issues that I am aware of. Taken from http://frwebgate.access.gpo.gov/cgi-bin/getdoc.cgi?dbname=109_cong_public_laws&docid=fubl145.109.pdf

PUBLIC LAW 109–145—DEC. 22, 2005

SEC. 101. FINDINGS.

(11) Placing inscriptions on the edge of coins, known as edge-incusing, is a hallmark of modern coinage and is common in large-volume production of coinage elsewhere in the world, such as the 2,700,000,000 2-Euro coins in circulation, but it has not been done on a large scale in United States coinage in recent years.

There has to be something they could, or could have learned from the Europeans.

 

The Euro production rate is way below ours. That 2.7 billion coins represents 7 years of production from 17 mints. That's 386 million coins per year not per three months, and the per mint breakdown would be 22.7 million coins per year per mint compared to our 150 million in three month per mint.

 

26.4 times the load of 17 mints serving the production of the euro. OK - I'm sure that's a big part of the problem. Now, knowing that you are faced with this up front - how do you put a system in place to prevent error? I guess if I knew the answers to that the mint would hire me. :smile Conder101, and anyone else - I'm not trying to give the mint folks a hard time as I have some wonderful examples of their beautiful work. Not understanding what challenges the mint is faced with or how they operate it's hard to understand why there would be issues with the new coin. For example does the thinner edge compared to the pound prevent the mint from a deeper strike on the edge? Would a deeper and slower strike allow for more control? Is the throughput just so high that they cannot control the process regardless of the technology? Thanks for some stats on production rates.

 

Fair enough - it's just in my nature to try and understand issues and then see if there is a better approach. I guess this is why I am a Quality Control Manager.

With any business that you are not directly involved in, it is hard to understand what leads to the issues. You would think it's like any other high volume consumer product. (I really think the mint has more challenges than any other business but in general they are probably faced with some similar process issues as a high volume manufacturer - bottle necks, supplier issues, technology limitations, number of touches, etc. )

You buy it - then it does not work or is damaged out of the box, you have to wonder how could this happen.

The folks at cointalk at least have enough knowledge about the mint to give some insight into it. The fact that there are 17 mints serving the euro probably is a good indication that maybe the US needs to use more machines at the current mints (D and P) or use some of the other mints for circulated coins. Capacity is a killer when you exceed it especially over extended periods of time.

Thanks again

 

My calculations show that the P & D mints could produce the 300 million president dollars using four presses at each mint in 58 working days working two shifts a day. (The mint used to do three shifts, I don't know if they still do.) The real problem that the mints have is not the president dollars but the one cent piece. Something like three quarters of their production capacity is dedicated to striking a coin which has almost no purchasing power, but which costs more than its face value to produce and is then mostly used one time before it disappears into a jar somewhere.

Elimination of the cent would free up a tremendous amount of production capacity. This capicity could then be redirected to other coinage allowing it to be struck at a slower speed with no loss of mintage capacity. The added advantage of the slow speed striking would be the possibility of a return to a higher relief design. (The current very low relief is a result of the high speed striking because it does not allow the time for the metal flow into a higher relief design. It takes a certain amout of time for the metal to flow and fill a design, but the current striking speeds are faster than the flow rate.)

 

Just Showed up in my email

:desk:

My reply to my sister and the other 20 people copied on the email was:

This is the second time in less than a week that someone has asked me about this email chain. Just goes to show - if you want to spread a lie, the best way is to send it via email to everyone you know and soon everyone in the world will have a copy. :desk:

 

Wow, now that's the first good reason I have heard of to eliminate the one cent coin. Thanks for the information Conder101. It is staggering to see how much time is spent making the penny compared to the total available production time. Talk about a bottle neck - it has to be very frustrating for the mint Operations production planning folks.

 

Excpet that that if they stopped making the cent, managment would probabbly just layoff the staff that was freed up vs re-allocating them to making other things better....

 

Taken right out of the pages of Dilbert .

Through a process improvement effort we went through last Sept., two of my guys now have on average 15 sku's and 248 items to repair per month versus 101 sku's and 1,600 items to repair. They have told me they are afraid they are going to be let go due to the reduced work-flow. I keep telling them that now I want them to focus on what matters and to do a better job of providing feedback on the failures.

It's all about opportunity and what you do with it...

 

LOL :mouth:

They will send them all to the Post Office like when we(PO) got all the fired Air Controllers and when they closed down the Navy Yard we got all of them. PO is the Fed Gov. dumping grounds

 

Maybe the mint should outsource the production of the one cent coin to free up the bottle-neck.

It could be done in China like everything else.

The Chinese could even add an edge incused inscription "Made in China".

 

What about the date?

I have heard a few people talk about the missing " in god we trust" news reports. It seems they forget to mention that the date, mintmark, and e pruribus unum is also missing.

 

Isn't the Washington Dollar supposed to be golden in color? I got my "GODless" Washington Dollar in the mail today, and it is SILVER. Is this correct? The coin is made of copper, but the color of the coin is silver. The edges indicate that it is made of copper. Any input would be helpful. Thanks.

swick

 

It was funny, the other guy to bring it up said his mom received the email from a little old lady from church (who sent it to everyone she had an email address for) that read the same as the copy I posted.

They were very relieved to find out "god" was still on the coin and I think he even mentioned her blood pressure had gone up as a result of the original report. I'm sure we'll hear reports soon that the pope and the vatican are denouncing the new coin.

 

the 150 I've looked at all are more golden then silver. If you put it next to a quarter you can/should see the difference. It is lighter than the Sacagawea (I think as a result of the coating the mint puts on the coin to keep it from tarnishing like the Sacagawea) but not quite silver in color.

 

The Washington Dollar that I bought could easily pass for a quarter. It is silver with the smooth edge, and the copper color which the coin is made from. Could this be some kind of "clad" error? Or lack of the "cladding"? Thanks again.

swick