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<p>[QUOTE="medoraman, post: 1339564, member: 26302"]So I read the article last night from Numismatic News concerning the following facts:</p><p><br /></p><p>1. With the ceasing of dollar coin production, the seignorage given back from the mint the the treasury will drop considerably, highlighting the money being lost making cents and nickels.</p><p>2. There already is a bill introduced to force the mint to start making cents and nickels from steel.</p><p>3. In 2013 there is supposed to be a major report due to Congress on the future of the mint.</p><p><br /></p><p>The author says all of these things are adding up to making it a very good chance the new compositions will be put into place, and current cent and nickel compositions will be a thing of the past. Another thing pointing to this is the fact the steel industry has a powerful lobby, and the steel would be of domestic origin, as opposed to the metals going into our coins now.</p><p><br /></p><p>I think this would be big enough that we would witness 1965 levels of people hoarding old styles of coinage when the new ones were released. What do you all think?</p><p><br /></p><p>Chris</p><p><br /></p><p>P.S. I know, "what the heck is an ancient collector writing about this stuff anyway?" <img src="styles/default/xenforo/clear.png" class="mceSmilieSprite mceSmilie1" alt=":)" unselectable="on" unselectable="on" />[/QUOTE]</p><p><br /></p>
[QUOTE="medoraman, post: 1339564, member: 26302"]So I read the article last night from Numismatic News concerning the following facts: 1. With the ceasing of dollar coin production, the seignorage given back from the mint the the treasury will drop considerably, highlighting the money being lost making cents and nickels. 2. There already is a bill introduced to force the mint to start making cents and nickels from steel. 3. In 2013 there is supposed to be a major report due to Congress on the future of the mint. The author says all of these things are adding up to making it a very good chance the new compositions will be put into place, and current cent and nickel compositions will be a thing of the past. Another thing pointing to this is the fact the steel industry has a powerful lobby, and the steel would be of domestic origin, as opposed to the metals going into our coins now. I think this would be big enough that we would witness 1965 levels of people hoarding old styles of coinage when the new ones were released. What do you all think? Chris P.S. I know, "what the heck is an ancient collector writing about this stuff anyway?" :)[/QUOTE]
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New cent and nickel composition?
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