Log in or Sign up
Coin Talk
Home
Forums
>
Coin Forums
>
US Coins Forum
>
Poll: Should the United States government eliminate the penny?
>
Reply to Thread
Message:
<p>[QUOTE="mikenoodle, post: 719849, member: 307"]If you plan it as a practice, then you must subsidize it by some other means. I can't speak about the cent, but the nickel is costing over 5¢ to make and I have heard a solution to the problem that's quite interesting to coin collectors. You don't need any change in legislation or coinage bill to make it happen either.</p><p><br /></p><p>You start coining the clad half dime. Half the size of a dime, the treasury secretary can authorize the coin himself as the denomination is currently on the books and the design has not changed in over 25 years. Where I originally heard this is when the state of Virginia hi-jacked the reverse of the Nickel a few years ago. They soon figured out that legislation authorizing any new issue would override the current law rendering it a moot point.[/QUOTE]</p><p><br /></p>
[QUOTE="mikenoodle, post: 719849, member: 307"]If you plan it as a practice, then you must subsidize it by some other means. I can't speak about the cent, but the nickel is costing over 5¢ to make and I have heard a solution to the problem that's quite interesting to coin collectors. You don't need any change in legislation or coinage bill to make it happen either. You start coining the clad half dime. Half the size of a dime, the treasury secretary can authorize the coin himself as the denomination is currently on the books and the design has not changed in over 25 years. Where I originally heard this is when the state of Virginia hi-jacked the reverse of the Nickel a few years ago. They soon figured out that legislation authorizing any new issue would override the current law rendering it a moot point.[/QUOTE]
Your name or email address:
Do you already have an account?
No, create an account now.
Yes, my password is:
Forgot your password?
Stay logged in
Coin Talk
Home
Forums
>
Coin Forums
>
US Coins Forum
>
Poll: Should the United States government eliminate the penny?
>
Home
Home
Quick Links
Search Forums
Recent Activity
Recent Posts
Forums
Forums
Quick Links
Search Forums
Recent Posts
Competitions
Competitions
Quick Links
Competition Index
Rules, Terms & Conditions
Gallery
Gallery
Quick Links
Search Media
New Media
Showcase
Showcase
Quick Links
Search Items
Most Active Members
New Items
Directory
Directory
Quick Links
Directory Home
New Listings
Members
Members
Quick Links
Notable Members
Current Visitors
Recent Activity
New Profile Posts
Sponsors
Menu
Search
Search titles only
Posted by Member:
Separate names with a comma.
Newer Than:
Search this thread only
Search this forum only
Display results as threads
Useful Searches
Recent Posts
More...