First photos of new US coin compositions

[madfranks]

Looks like it won't be long before steel & aluminum coins replace the current copper/nickel coins. But why'd the make the test pieces look so stupid??

LINK HERE (http://www.seattlepi.com/business/personal-finance/article/US-Mint-testing-new-metals-to-make-coins-cheaper-4133569.php)

http://ww3.hdnux.com/photos/16/75/00/3919886/3/628x471.jpg

http://ww4.hdnux.com/photos/16/75/00/3919887/3/628x471.jpg

http://ww2.hdnux.com/photos/16/75/00/3919889/3/628x471.jpg

http://ww1.hdnux.com/photos/16/75/00/3919892/3/628x471.jpg

http://ww3.hdnux.com/photos/16/75/00/3919894/3/628x471.jpg


US Mint testing new metals to make coins cheaper
By JOANN LOVIGLIO, Associated Press
Updated 11:20 am, Thursday, December 20, 2012


A 400-page report presented last week to Congress outlines nearly two years of trials conducted at the Mint in Philadelphia, where a variety of metal recipes were put through their paces in the massive facility's high-speed coin-making machinery.

Evaluations of 29 different alloys concluded that none met the ideal list of attributes. The Treasury Department concluded that additional study was needed before it could endorse any changes.

"We want to let the data take us where it takes us," Dick Peterson, the Mint's acting director, said Wednesday. More test runs with different alloys are likely in the coming year, he said.

The government has been looking for ways to shave the millions it spends every year to make bills and coins. Congressional auditors recently suggested doing away with dollar bills entirely and replacing them with dollar coins, which they concluded could save taxpayers some $4.4 billion over three decades. Canada is dropping its penny as part of an austerity budget.

To test possible new metal combinations, the U.S. Mint struck penny-, nickel- and quarter-sized coins with "nonsense dies" — images that don't exist on legal tender (a bonneted Martha Washington is a favorite subject) but are similar in depth and design to real currency.

More at link above

[Ponce]

Nothing will ever take the place of the original..........Ponce the original hahahahahahah.

[EE_]

I think they will soon come to the realization that no one will want to use a new cheapened version of pennies and nickels, and they will abandon them altogether.
These coins will have no percieved value.

[Twisted Titan]

The fufillment of greshams law

[MNeagle]

Makes ChuckECheese tokens look valuable!

I got a 2011 Chickasaw Oklahoma quarter the other day, I had to examine it for several minutes; it looked/felt so much like a token, I had a hard time believing it was legit.

http://ts2.mm.bing.net/th?id=I.4837791807832761&pid=15.1&W=160&H=125

[chad]

the new 2012 pennies already feel like they are made out of tin or something. i have a bag of them; they don't even clink together. they're like aluminum washers or something.

[mamboni]

Butt ugly coins! Ugh!

[govcheetos]

the new 2012 pennies already feel like they are made out of tin or something. i have a bag of them; they don't even clink together. they're like aluminum washers or something.

Drill a hole through them and they will multiply in value.

Amazing.... we are living in bizarro world.

[ShortJohnSilver]

"could save taxpayers some $4.4 billion over three decades."

WTF? They could save that much by eliminating 1 office building's worth of useless employees. $150 million a year - chump change when we are burning through nearly 4 Trillion a year.

[Sparky]

"We produce 6 billion pennies a year," Peterson said. "Our customers want them."

Yeah, you produce 6 billion new ones every year because nobody wants to bother putting the 200 billion old ones back in circulation.

[vacuum]

Aluminized steel??

I thought we were talking stainless steel not too long ago. What a letdown.

[Serpo]

No no they are OK unless a wind comes up of course and they blow away...hahahahah


this stuff wont even be accepted in a monopoly game;D

[Twisted Titan]

Between prepping from lessons learned for when another natural disater hits

Stocking up on firearm realted supplies and materials

Investing in Silver because a huge run up of 7 -18 dollars is a absolute certainty next year

Now the confirmed reality that nickles are going away.


It gets extremely frustrating when you have to make a choice as to what you want focus your paycheck on

[Twisted Titan]

I cant help but wish if i could only get the treasury department to cut me a check for a cool 65 million

I could probally have that money spent on tangibles in less then 10 months

If held in physical cash i could do it in about 6 months

[Serpo]

thats a fist full of coins tt...............

[Horn]

I think they will soon come to the realization that no one will want to use a new cheapened version of pennies and nickels, and they will abandon them altogether.
These coins will have no percieved value.

Same style here in Costa, though I think they are more valuable as money is scarce all together.

The 100 colones does have some beef to it though, a brass alloy composition.

You still see armored guards hauling bags of these around, is about = .20c

http://www.costaricaninsider.com/images/colon100c.jpg

[madfranks]

Real money:

http://www.gilliamgoldexchange.com/files/old-us-silver-and-gold-coins.jpg



Fake money:

http://traveltips.usatoday.com/DM-Resize/photos.demandstudios.com/getty/article/88/228/87797082_XS.jpg?w=560&h=560&keep_ratio=1

[steel_ag]

any coinage of value to be minted anywhere in the world after this change is implemented?

[Horn]

Real money:

http://www.gilliamgoldexchange.com/files/old-us-silver-and-gold-coins.jpg



Fake money:

http://traveltips.usatoday.com/DM-Resize/photos.demandstudios.com/getty/article/88/228/87797082_XS.jpg?w=560&h=560&keep_ratio=1

But if you melt enough of steel pictured below,

you might be able to create a viga to put a roof over your head.

[iOWNme]

Why does this coin have the word 'Liberty' spelled wrong? Even though it is backwards/reversed it is spelled 'ILBEYTR'

http://ww4.hdnux.com/photos/16/75/00/3919887/3/628x471.jpg

I guess when they forgot what real money was they also forgot how to spell? This seems a bit of a stretch in my opinion....? This is most likely another 'hoax'. I could easily be wrong though.

[joboo]

+1 Whats up with the spelling?

[Horn]

They're test runs so they're marked to not be collected as mint errors down the road.

[Hatha Sunahara]

What good are these coins in a hyperinflation? That is where we are headed. This is a joke. Right?


Hatha

[Sparky]

They purposely misspell the words so as to not be confused with actual currency. (Did you notice that ALL the words on the coin are misspelled?) These are called "nonsense" coins which are used to test different metal compositions. If you ever get your hands on one, they are collectible.

It's interesting that all 29 test alloys failed, unable to meet the magnetic qualities of copper and nickel for vending machines. Amazing that they are going this length to replace pennies, pretending that they are necessary. More evidence that our dysfunctional government is ruled by lobbyists and special interest groups.

[Cebu_4_2]

soak some pennies in bleach overnight then rinse them off. It will be a hollow shell of micro thin copper.

[Cebu_4_2]

If pennies are eliminated they will round up to the next 5¢, then 10¢ etc etc. Cash registers might run into problems figuring tax too.

[Sparky]

If pennies are eliminated they will round up to the next 5¢, then 10¢ etc etc. Cash registers might run into problems figuring tax too.
They won't be rounding, they will be re-pricing. If they choose to go up from their current price, and their competitor goes down, who do you suppose will get more customers?

And there's no issue with taxes either. Cash registers compute taxes to the fraction of a penny, and then round to the nearest penny. They can round to a nickel or a dime if they need to.

[Horn]

Here the register just rounds to the closest 5.

[Libertytree]

It's inevitable that coins and paper will eventually be scrapped altogether and replaced with plastic cards that are swiped like debit/credit cards.

[Sparky]

Here the register just rounds to the closest 5.
Are there no pennies there?

[Horn]

Are there no pennies there?

No single colones, no.

starts at 5 and goes to 50,000 denomination.

[madfranks]

Here the register just rounds to the closest 5.

10 years ago the pizza joint I worked at rounded to the nearest 5 cents. Dealing with pennies was a pain back then too. It was just easier not to have to count them all the time. In the 8 years I worked for them we never had one customer complain about it either.

[BarnkleBob]

This is a comic book & were all actors in it...

[Silver Rocket Bitches!]

Inflation is forcing this decision to re-alloy the coins. They have no choice really. All metal will be precious once the dollar is worthless. May as well start using the most abundant metal in coinage.

[Horn]

This is a comic book & were all actors in it...

You must learn to rise above your stamped aluminum persona... :)