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How long till memorials become like wheats?
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<p>[QUOTE="Conder101, post: 3125161, member: 66"]I thought the same thing back in 1982. Thought it again about 13 years ago when it reached the point where cents would cost more than their face value to make even if the materials were free.</p><p><br /></p><p><br /></p><p>It is now, but once the number of copper cents in circulation drops to a negligable amount the melting ban will probably be rescinded just like the melting of silver coin ban was rescinded in the early 70's once silver had pretty much completely disappeared from circulation. </p><p><br /></p><p><br /></p><p>And on all other Philadelphia coins since 1980.</p><p><br /></p><p><br /></p><p>The Mint has been conducting studies on replacing the material and reducing the cost of the cent and nickel for six years now and reporting their findings to Congress every two years. They report they still haven't haven found a material that will allow the cent, which has a manufacturing cost over one cent apiece, to be made at a profit. (Need to find something that has a negative cost.) They have said several time that the five cent can be made at a cost less than the face value, but it would require every machine that uses nickel to be services to change or reprogram their acceptor mechanisims and the problem of handling two coins of the same value but different weights and electronic signatures.</p><p><br /></p><p><br /></p><p>Except for the scrap cars shipped to China which each seem to have about $100 in half dollars in them. <img src="styles/default/xenforo/clear.png" class="mceSmilieSprite mceSmilie1" alt=":)" unselectable="on" unselectable="on" />[/QUOTE]</p><p><br /></p>
[QUOTE="Conder101, post: 3125161, member: 66"]I thought the same thing back in 1982. Thought it again about 13 years ago when it reached the point where cents would cost more than their face value to make even if the materials were free. It is now, but once the number of copper cents in circulation drops to a negligable amount the melting ban will probably be rescinded just like the melting of silver coin ban was rescinded in the early 70's once silver had pretty much completely disappeared from circulation. And on all other Philadelphia coins since 1980. The Mint has been conducting studies on replacing the material and reducing the cost of the cent and nickel for six years now and reporting their findings to Congress every two years. They report they still haven't haven found a material that will allow the cent, which has a manufacturing cost over one cent apiece, to be made at a profit. (Need to find something that has a negative cost.) They have said several time that the five cent can be made at a cost less than the face value, but it would require every machine that uses nickel to be services to change or reprogram their acceptor mechanisims and the problem of handling two coins of the same value but different weights and electronic signatures. Except for the scrap cars shipped to China which each seem to have about $100 in half dollars in them. :)[/QUOTE]
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