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How will the composition change of the penny effect us?
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<p>[QUOTE="Conder101, post: 1020095, member: 66"]A change in composition would probably not have any effect at all. </p><p><br /></p><p>Most likely any new composition would still be copper plated so as to be visually indistinguishable to the general public from the current cent. (Such as copper plated aluminum or copper plated steel.) This is one of the reasons the current cent was copper plated. The cent is not used in the vending machine industry so the change in composition would have no effect there like a change in the other coins would. This would mean that the new composition cent would be used in the same way as the current cent. It will be struck, sent to the banks, acquired by businesses, used to make change then taken home by the customers and thrown in a jar. Each year the mint will have to make huge numbers of new coins to prevent a shortage because only a small fraction of the cents in those jars will come back to the banks and repeat the cycle.[/QUOTE]</p><p><br /></p>
[QUOTE="Conder101, post: 1020095, member: 66"]A change in composition would probably not have any effect at all. Most likely any new composition would still be copper plated so as to be visually indistinguishable to the general public from the current cent. (Such as copper plated aluminum or copper plated steel.) This is one of the reasons the current cent was copper plated. The cent is not used in the vending machine industry so the change in composition would have no effect there like a change in the other coins would. This would mean that the new composition cent would be used in the same way as the current cent. It will be struck, sent to the banks, acquired by businesses, used to make change then taken home by the customers and thrown in a jar. Each year the mint will have to make huge numbers of new coins to prevent a shortage because only a small fraction of the cents in those jars will come back to the banks and repeat the cycle.[/QUOTE]
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How will the composition change of the penny effect us?
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