This page has been archived and commenting is disabled.

No Silver? No Problem: US Mint Would Like To Know If You Will Accept Brass, Steel, Iron Or Tungsten Coins Instead

Tyler Durden's picture




 

Wonder why the US mint has not sold a single ounce of silver so far in March? Here is a clue:

United States Mint Seeks Public Comment on Factors to be Considered
in Research and Evaluation of Potential New Metallic Coinage Materials

WASHINGTON - The United States Mint today
announced that it is requesting public comment from all interested
persons on factors to be considered in conducting research for
alternative metallic coinage materials for the production of all
circulating coins.

These factors include, but are not limited to,
the effect of new metallic coinage materials on the current suppliers of
coinage materials; the acceptability of new metallic coinage materials,
including physical, chemical, metallurgical and technical
characteristics; metallic material, fabrication, minting, and
distribution costs; metallic material availability and sources of raw
metals; coinability; durability; sorting, handling, packaging and
vending machines; appearance; risks to the environment and public
safety; resistance to counterfeiting; commercial and public acceptance;
and any other factors considered to be appropriate and in the public
interest.

The United States Mint is not soliciting suggestions or
recommendations on specific metallic coinage materials, and any such
suggestions or recommendations will not be considered at this time.  The
United States Mint seeks public comment only on the factors to be
considered in the research and evaluation of potential new metallic
coinage materials.

The recently enacted Coin Modernization,
Oversight, and Continuity Act of 2010 (Public Law 111-302) gives the
United States Mint research and development authority to conduct studies
for alternative metallic coinage materials.  Additionally, the new law
requires the United States Mint to consider certain factors in the
conduct of research, development, and solicitation of input or work in
conjunction with Federal and nonfederal entities, including factors that
the public believes the United States Mint should consider to be
appropriate and in the public interest.

Comments must be submitted on or before April 4, 2011.  Interested parties may submit written comments by any of the following methods:

E-mail: coinmaterials@usmint.treas.gov
Fax: (202) 756-6500
Mail: New Coin Materials Comments
Mail Stop:  Manufacturing 6 North
United States Mint
801 Ninth Street, N.W.
Washington D.C.  20220
Hand Delivery/Courier:  Same as mail address.

For
further information, contact:  Jean Gentry, Deputy Chief Counsel,
United States Mint at (202) 354-7359 (not a toll-free call).

h/t Alexander Gloy

 

- advertisements -

Comment viewing options

Select your preferred way to display the comments and click "Save settings" to activate your changes.
Mon, 03/07/2011 - 23:51 | 1028510 asdasmos
asdasmos's picture

Whoa

Tue, 03/08/2011 - 00:24 | 1028638 bonderøven-farm ass
bonderøven-farm ass's picture

Yup.  Reckon I'll be following Nickel's spot along with silver's...

Long Nickel ........

Tue, 03/08/2011 - 00:47 | 1028709 flacon
flacon's picture

You know, that request from the mint is just downright INSULTING! Who the HELL do they think we are?! Keynesian "peasants"?

 

Canada now has stainless steel coins. Ohhhh... they look silvery and shiny, but they are worth less than a common NAIL or a SCREW! 

Tue, 03/08/2011 - 00:51 | 1028730 Broken_Trades
Broken_Trades's picture

Hell Canada is considering putting in an RFID in the new twonies.

Cant find link, this will have to do...  Yes Canadian Coins are Spying ON YOU lol

http://www.cbc.ca/news/technology/story/2007/01/10/rfid-defence.html

Tue, 03/08/2011 - 02:00 | 1028871 nope-1004
nope-1004's picture

I suggest a new coin made of fools gold with busts of Timmay and Benocide on opposite sides.

Embossed around the periphery:

In Greed We Lust.

 

Good bye America.

 

Tue, 03/08/2011 - 02:07 | 1028875 Rick64
Rick64's picture

How about some paper coins and Bernanke can print them.

Tue, 03/08/2011 - 04:45 | 1028960 Guy Fawkes Mulder
Guy Fawkes Mulder's picture

dear mola rahm:

I gave that a "thumbs down" on YouTube but I give you a + for linking it.

KALI-MA!!

Tue, 03/08/2011 - 18:21 | 1031006 chumbawamba
chumbawamba's picture

Notwithstanding the utter absurdity of amending the Constitution to give everyone a free iPod (hooray for Apple) and laptop, I have two replies to this:

1) Why not?  If the choice is between building prisons and bombs or schools and laptops, I'd go with the latter.  Unfortunately, we don't get a choice.  Er, rather we do: it's either go to prison or go drop these bombs on someone.

2) Why not?  Dumber things have been amended before, for example, Prohibition.  At least Doofus McGee is advocating the giving of rights, rather than the taking away.  However, I missed the part in the Bible where God endowed man with iPods and laptops.

I am Chumbawamba.

Tue, 03/08/2011 - 21:28 | 1031710 Guy Fawkes Mulder
Guy Fawkes Mulder's picture

Hi chumbawamba. Thanks for asking. And thanks for asking like you did.

1. We should be finding new ways and setting up new paradigms. Constructing homes just because it would give people jobs, or the other examples he gave, is just more of the old failed economic paradigm. The we-either-grow-or-we-collapse paradigm. The consumer buy-it-and-throw-it-away paradigm. The paradigm that sucks up precious resources and will collapse when the resources get too scare.

2. The Constitution was to be a document limiting the powers of the federal government, leaving the states of the republic free to decide their own laws and regulations. Of course, the Constitution has no bearing on the law in practice any more, having been forsaken since the Civil War, eaten up and shat out by a growing Federal Leviathan. I get pissed when I hear politicians talk about the Constitution as if it had bearing. It doesn't have bearing in practice, since the Federal Corporation makes up whatever laws it wants to and is not limited by the Constitution. If you like the idea of giving rights, rather than taking them away, that's not something I object to. I objected to his rhetoric that there should be Santa Claus clauses written into the Constitution that the Federal government is there to give the people what they need, because (a) the Constitution is dead, and (b) the Constitution was supposed to limit the government, not make it into Santa Claus.

Anyway, we're all fucked because of our money system. This Rep Jackson Jr. was talking a bunch of crap that won't help at all. But maybe his heart was in the right place. I highly doubt it though, having listened to him twice.

When I see your name, I think of:

http://www.youtube.com/watch?v=ZFvSUi-QFX4

also this:

http://www.youtube.com/watch?v=BCACbqs64_o

Tue, 03/08/2011 - 05:03 | 1028965 Michael
Michael's picture

Audit Fort Knox and other US owned bullion banks and see what is available. Get back to me with the audit results and then we can talk.

CNBC World host #1 just said; Blame Bernanke for flooding the world with money. Why can't we blame Bernanke?

Host #2; You can't blame Bernanke, you have to blame the Banks.

That's what they are talking about right now discussing the price of pancakes.

This is the letter I sent;

Audit Fort Knox and other US owned bullion banks and see what is available. Get back to me with the audit results and then we can talk about what is acceptable. You have 60 days to complete your audit.

 

Tue, 03/08/2011 - 05:11 | 1028969 Broken_Trades
Broken_Trades's picture

MARC FABER - OIL WILL GO UP NO MATTER WHAT.

http://www.cnbc.com/id/41961949

 

 

Tue, 03/08/2011 - 05:10 | 1028971 Guy Fawkes Mulder
Guy Fawkes Mulder's picture

A for effort.

But when even the President of the United States is a just worthless puppet stooge... what weight do you think your words carry?

These words apply to me as well.

Tue, 03/08/2011 - 10:17 | 1029358 BigJim
BigJim's picture

Hmmm. Tungsten coins... they've finally worked out a way to monetise the 'gold' in Ft Knox.

Tue, 03/08/2011 - 03:08 | 1028922 lawrence1
lawrence1's picture

Good bye America .. I left 8 years ago, but I do want to take my foreign wife to visit the Statue of Liberty ... unfortunately, the only liberty remaining in America.

Tue, 03/08/2011 - 07:57 | 1029039 MarketTruth
MarketTruth's picture

As you know, the Statue Of Liberty is actually French, as it was France that supplied it to the USA. Instead, visit France and there is a copy of the State Of Liberty there. Why would you want to visit the USA and get photographed, finger printed, palm printed, etc by USA Homeland Security?

http://en.wikipedia.org/wiki/Replicas_of_the_Statue_of_Liberty

Tue, 03/08/2011 - 08:42 | 1029106 ColonelCooper
ColonelCooper's picture

If you're into that sort of thing, you can watch her get felt up real good at the airport though. 

Tue, 03/08/2011 - 18:15 | 1030994 chumbawamba
chumbawamba's picture

+ voyeurism

Tue, 03/08/2011 - 18:17 | 1030996 chumbawamba
chumbawamba's picture

++ keeping with the French theme (ode to myself)

Tue, 03/08/2011 - 09:07 | 1029164 FatFingered
FatFingered's picture

MT,

Your etc is not acceptable here.  Let's see...naked body scanned; retina mapped; genital fondling; cavity searched(one or two, whichever applies) facial biometrics; DNA saliva swabbed; blood, urine, or breath tested for any remnants of drugs...and than etc.

Tue, 03/08/2011 - 08:58 | 1029144 aerojet
aerojet's picture

The last time I went to it, they had big signs up on "Liberty" Island that said your bags and your person are subject to search at any time.  I was like, WTF?  Really? 

Tue, 03/08/2011 - 03:19 | 1028928 Cyrano de Bivouac
Cyrano de Bivouac's picture

No-pewter or pot metal would be better.

Tue, 03/08/2011 - 09:21 | 1029204 Meme Iamfurst
Meme Iamfurst's picture

nope pewter is sky high now, won't work, it has trippled in 6 months to $20 a pound in lots of 500 pounds. 

Pot metal maybe.  Was going to suggest zinc, but as sure as I do it too will jump to the stratasphere before I can finish typing.

I am telling you boys, all this driving up of commodities will sure drive us down the road of a depression as sure as you are reading this.  No business can pass these costs on now, not like this, no business can plan or hire either...is this the plan?  

Your home town is burning down, the money made on this high speculation will not put the town back together once it is ashes, and where will we go then?

Tue, 03/08/2011 - 07:34 | 1029024 Debtless
Debtless's picture

I'd buy a monster box of rounds made from the bones of the banksters.

Tue, 03/08/2011 - 21:21 | 1031712 Papasmurf
Papasmurf's picture

FMJ rounds would work.

Tue, 03/08/2011 - 21:47 | 1031785 Papasmurf
Papasmurf's picture

FMJ rounds would work.

Tue, 03/08/2011 - 08:14 | 1029058 masterinchancery
masterinchancery's picture

Or maybe the Titanic going down on one side.

Tue, 03/08/2011 - 01:58 | 1028870 sunny
sunny's picture

Canada now has stainless steel coins. Ohhhh... they look silvery and shiny, but they are worth less than a common NAIL or a SCREW!

As in...screwed?

sunny

Tue, 03/08/2011 - 12:25 | 1029818 Long-John-Silver
Long-John-Silver's picture

I drill a hole in penny's and use them as flat washers. It's a cheap alternative to buying steel flat washers.

Tue, 03/08/2011 - 15:00 | 1030405 Mossy
Mossy's picture

Cool. Do you have any idea how much a stout, stainless steel washer costs these days?

Tue, 03/08/2011 - 01:49 | 1028845 SilverIsKing
SilverIsKing's picture

Who needs Nickel when you have chocolate?  In order to comply with the request, I will suggest chocolate coins wrapped in aluminum foil, better known as Hanukkah Gelt.

http://en.wikipedia.org/wiki/Hanukkah_gelt

You can't eat gold but you can eat these.

Tue, 03/08/2011 - 03:32 | 1028935 mudduck
mudduck's picture

Chocolate is good,people like chocolate, but not so productive. How about turning those spent reactor fuel rods into an asset instead of a liability, slice em, stamp em and sell em. Make sure it is very clear exactly what they are and bring some Darwinism survival of the semi awake back to society. Make sure some of them are of a large enough face value that you can send em in for political contributions.

Tue, 03/08/2011 - 07:41 | 1029028 malikai
malikai's picture

How about the best of both worlds? Caesium 137 + Iodine 131 flavored chocolate coins. I know, I'm a genius. I should be doing "god's work".

Tue, 03/08/2011 - 09:28 | 1029216 Meme Iamfurst
Meme Iamfurst's picture

OK< OK  you best my idea of old beer bottle caps.

Why is it that I have this feeling you are already doing the work?

Tue, 03/08/2011 - 10:22 | 1029373 BigJim
BigJim's picture

Make it radioactive so no one wants to hold onto it for longer than a few uSieverts - that would be one way to increase the 'velocity' of money.

Tue, 03/08/2011 - 09:11 | 1029176 tallystick
tallystick's picture

Reintroduce Mayan gold.

Tue, 03/08/2011 - 07:15 | 1029015 johnQpublic
johnQpublic's picture

isn't a nickel already worth 7 cents for the nickel content?

Tue, 03/08/2011 - 08:02 | 1029045 MarketTruth
Tue, 03/08/2011 - 08:14 | 1029051 Bobbyrib
Bobbyrib's picture

My bad it is actually half and half.

Tue, 03/08/2011 - 10:39 | 1029419 A Texan
A Texan's picture

A nickel is actually only 25% nickel, with the rest being copper.  Here is the read on a nickel's value as of this morning, from the Coinflation site:  

Total Face Value: $.05 Coin Type: 1946-2011 Jefferson Nickel Copper Price:   $4.3067 / pound   Nickel Price:   $12.4046 / pound  

Answer:

Total melt value is $0.07.

(Exact value is $0.069789258080892. $0.034184327190065 worth of nickel, $0.035604930890827 of copper.)

 

Also, take a look at the value of the 1909 through 1982 (well, mid-'82) cents (95% copper): 

Total Face Value: $.01 Coin Type: 1909-1982 Lincoln Copper Cent Copper Price:   $4.3067 / pound   Zinc Price:   $1.0770 / pound

Total melt value is $0.03.

(Exact value is $0.028421154084204. $0.028051938217853 worth of copper, $0.00036921586635057 of zinc.)

 

The only problem is that you have to sort through the cents to find what is real money and what is a token.  I order pennies from my bank in $25 boxes and sort through 2 or so per week while watching crap on TV.  I don't bother to weigh the '82s, but keep them separate (I'll sell them someday to someone who will separate them), keeping the pre-'82s in empty food containers.  Let's just say that I've got several.  Roughly 1 in 7 are pre-'82s, and I usually find about 1 in 500 are Wheatbacks (pre-'59).  I've found one as old as 1910 and some in the '20s, but most of the Wheaties are in the '40s and '50s.

 

 

Tue, 03/08/2011 - 00:43 | 1028701 CrazyCooter
CrazyCooter's picture

I have posted this to ZH forums several times, but just in case no one else saw this coming ....

Per HR 6162 (already signed by the big O), the language "the Secretary shall mint and issue, in quantities sufficient to meet public demand" has been changed to "the Secretary shall mint and issue, in qualities and quantities that the Secretary determines are sufficient to meet public demand".

My read of this is that Tim Geithner will be able to set coin production volume and purity, specifically Silver Eagle production, at whatever level he sees fit.

Public comment is not necessary, per the black letter of (the new) law.

Regards,

Cooter

Tue, 03/08/2011 - 00:49 | 1028720 flacon
flacon's picture

Well... looks like we have the Roman Emperors back from the dead. That is exactly what they did - change the "quality" of the coin. 

 

How The Roman Empire Secretly Debased Their Silver Coins. Is the Federal

Reserve Repeating History?(VIDEO)

http://hubpages.com/hub/How-Nero-Secretly-Debased-Roman-Currency-Is-the-Federal-Reserve-Repeating-HistoryVIDEO

 

 

Tue, 03/08/2011 - 01:19 | 1028787 Bay of Pigs
Bay of Pigs's picture

Yes, and it is sheer lunacy to think it will work. It won't. History says so...

Tue, 03/08/2011 - 01:22 | 1028799 luk427
luk427's picture

They already did the Rome thing back in the sixties when they removed the silver.Now the money has depreciated soo much their resorting to junk metal. $20.00 dollars of 1932-1964 quarters (80pcs @ 90% silver) is worth $518.09 at todays spot price. Thats how much value paper money has lost.  http://www.coinflation.com/coins/silver_coin_calculator.html

Tue, 03/08/2011 - 01:45 | 1028838 Rusty Shorts
Rusty Shorts's picture

You're damn right.

 

 Paper Money.

http://www.youtube.com/watch?v=580GyjDTlc8

Tue, 03/08/2011 - 02:25 | 1028893 Rusty Shorts
Tue, 03/08/2011 - 01:45 | 1028841 Yen Cross
Yen Cross's picture

I pay attention! Keep posting Crazyness! You are fun and smart!

Tue, 03/08/2011 - 03:17 | 1028926 akak
akak's picture

Having a yen for some meth tonight?

Tue, 03/08/2011 - 02:00 | 1028872 Dr. Porkchop
Dr. Porkchop's picture

They've changed the matrix again.

Tue, 03/08/2011 - 00:58 | 1028740 potatomafia
potatomafia's picture

Electrum Bitchez

Tue, 03/08/2011 - 07:05 | 1029012 Mentaliusanything
Mentaliusanything's picture

What the fuck is "whoa"

this is just an ASK

the answer is = Fucking buy the dip 

and the real answer is 

GOT GOLD or SILVER?

if not place Ass over a barrel and pray for Lube

Tue, 03/08/2011 - 07:07 | 1029013 Mentaliusanything
Mentaliusanything's picture

What the fuck is "whoa"

Whoa is what a draft horse is asked to do after he has plowed a whole fucking paddock and promised a bowl of grain at the end of a day. 

You a horse?

Tue, 03/08/2011 - 07:43 | 1029031 jeff montanye
jeff montanye's picture

why plow a paddock?  

Tue, 03/08/2011 - 08:15 | 1029060 Confucious 222
Confucious 222's picture

Whoa?

More like Giddy-Up Go for the value of all silver ASE's already minted. Collector items as well as rare silver. My oh my.

Woe unto JP Morgue.

 

Tue, 03/08/2011 - 11:27 | 1029581 goldfish1
goldfish1's picture

Who needs coins?

Today's young people throw them in the street. They know something.

Mon, 03/07/2011 - 23:52 | 1028512 kato
kato's picture

funny. dumb fucking ben. when is he going to realize... everyone else does...

Tue, 03/08/2011 - 01:19 | 1028790 yipcarl
yipcarl's picture

funny?  Yea, the jokes on you.  You think he doesn't realize?  Dude he's a puppet doing what he's told.  Wake up and smell the coffee pal. 

Tue, 03/08/2011 - 23:55 | 1032060 BrosMacManus
BrosMacManus's picture

coinage is the province of Timmay; Ben's got da bills.

Mon, 03/07/2011 - 23:58 | 1028515 bankonzhongguo
bankonzhongguo's picture

Aluminum - the New Silver.

Could be your new currency.

Could be an empty beer can.

Make sure to put Obama's and Bernake's face on it.

Assholes.

Tue, 03/08/2011 - 00:02 | 1028551 BobPaulson
BobPaulson's picture

Stainless steel. Lasts longer.

Tue, 03/08/2011 - 13:10 | 1029978 DosZap
DosZap's picture

Yep sure will, but who wants to carry that heavy crap around.

Just make them Alum,and Copper coated.

Tue, 03/08/2011 - 00:17 | 1028616 BlakeFelix
BlakeFelix's picture

I thought it said specific metal suggestions will not be considered lmao.

What are they looking for?

Assholes.

Tue, 03/08/2011 - 00:32 | 1028667 RockyRacoon
RockyRacoon's picture

We are all Romans now.

Get your change in nickels.

Tue, 03/08/2011 - 01:27 | 1028805 DoChenRollingBearing
DoChenRollingBearing's picture

+++

Maybe I should go to the two banks (where we have accounts) every day and ask them for $20 worth of nickels.  Every damn day, $40 worth of nickels with about $8 (for now) of built in metal profit.

coinflation.com 

(Like you need to know that one Rocky!)

Tue, 03/08/2011 - 02:49 | 1028911 billhilly
billhilly's picture

Or just buy more Silver.  I just added another 300 ozs tonight...even though I said I'd stop.  How's the saying go, "do more of what's working and less of what isn't"?!  Well, Ag's working!!!!!!!!!!!!!!!!!

That John Embry interview on KWN was excellent.  He said (I paraphrase), don't worry about/count how many oz's you have just get as many as you can!

Tue, 03/08/2011 - 13:15 | 1030000 DosZap
DosZap's picture

Yep, about a 29% ROI.

Gotta figure how to melt too in gots.

Can't figure out how 25% Nickel can overcome the 75% copper color?

Tue, 03/08/2011 - 01:31 | 1028812 Andy_Jackson_Jihad
Andy_Jackson_Jihad's picture

Can we put their muslim/jewish faces on coins of pig iron instead?

Nah...iron is a useful metal.

Tue, 03/08/2011 - 01:53 | 1028856 Yen Cross
Yen Cross's picture

That was good. the aluminum/silver trade! You kick ass!!!!

Tue, 03/08/2011 - 01:55 | 1028862 sandvikpanther
sandvikpanther's picture

I Love IT!!!

Empty beer cans as the new coins.... no need to mint any coins at all.They all be dollars now and the minimum coin would be one dollar!

Tue, 03/08/2011 - 03:07 | 1028920 zhandax
zhandax's picture

Bring it!  I have saved every beer can I emptied since shit met fan in 2008.  I read the story of the two German sons with an inheritance.  One son was prudent and put his share in German bonds.  The other spent his on wine, women, and song.  When hyperinflation hit, the first son's bonds became worthless.  But the other son had a basement full of empty wine bottles and with glass in shortage, he was able to sell at a tidy profit.

What I took from this was I needed to stop throwing my beer cans away!

Tue, 03/08/2011 - 03:24 | 1028930 fajensen
fajensen's picture

The USSR used aluminium a lot ;-)

Maybe - to boost the e-con-me and all - they should make the money out of cobolt 60? That way they will literally burn in your pockets and you will be really happy donating more money to the IRS and the TBTF-crowd!

Tue, 03/08/2011 - 07:24 | 1029019 johnQpublic
johnQpublic's picture

i was gonna suggest depleted uranium

Tue, 03/08/2011 - 08:19 | 1029062 New_Meat
New_Meat's picture

too safe and too heavy.  now, if it has been activated ;-)

Tue, 03/08/2011 - 08:29 | 1029082 johnQpublic
johnQpublic's picture

activated, with say, a small charge of gunpowder behind it?

Tue, 03/08/2011 - 10:31 | 1029407 Calmyourself
Calmyourself's picture

Research is your friend, New Meat is exactly right, DE is too safe. Gunpowder or no gunpowder.

Mon, 03/07/2011 - 23:53 | 1028516 Rahm
Rahm's picture

Game over bitches!

Tue, 03/08/2011 - 04:54 | 1028966 Guy Fawkes Mulder
Guy Fawkes Mulder's picture

dear mola rahm:

That earns a GFY.

Mon, 03/07/2011 - 23:53 | 1028517 disabledvet
disabledvet's picture

i have been told the mints known as "Utah" and "Nevada" have different ideas.  The rumor is of course "they have actual silver to back it up"...i am "torn" i must say.  "one revolution begets another" as they say.  perhaps i just pine for the reincarnation of the Silver Bullet Band?

Mon, 03/07/2011 - 23:56 | 1028518 mrgneiss
mrgneiss's picture

Is this the modern day equivalent of the Roman coin clip?

http://www.gold-eagle.com/gold_digest_01/stott041901.html

Tue, 03/08/2011 - 13:16 | 1030011 DosZap
DosZap's picture

No, we already got the shit.

Mon, 03/07/2011 - 23:53 | 1028523 Thomas
Thomas's picture

They'll be making them out of aluminum.

Mon, 03/07/2011 - 23:52 | 1028524 What_Me_Worry
What_Me_Worry's picture

A quarter ain't worth a nickel, anymore.  Since everyone is on food stamps now, why not just make them out of food and pass those out?

Tue, 03/08/2011 - 00:07 | 1028568 flacon
flacon's picture

>A quarter ain't worth a nickel, anymore.

(Quarter = $0.0622646, Nickel = $0.0697883). When are WE going to get angry about the devaluation of our MONEY?!

Tue, 03/08/2011 - 00:41 | 1028691 Citxmech
Citxmech's picture

Soylent crackers anyone?

Tue, 03/08/2011 - 16:56 | 1030739 XitSam
XitSam's picture

Don't eat the nickels!  They're people!

Tue, 03/08/2011 - 01:58 | 1028868 sandvikpanther
sandvikpanther's picture

Hot!!!

One cheezit is a dollar coin!!! Buy them by the box @ the cracker price... We're rich rich rich

Mon, 03/07/2011 - 23:56 | 1028529 Real Estate Geek
Real Estate Geek's picture

Depleted U!

Mon, 03/07/2011 - 23:57 | 1028532 Shameful
Shameful's picture

Goodbye current nickels! Was a fun run while it lasted but Zimbabwe Ben has made you to expensive. Shame we can't have nickel in our nickels.

Mon, 03/07/2011 - 23:58 | 1028543 FEDbuster
FEDbuster's picture

Nickels are what silver coinage was pre-1964, start saving your nickels.

Tue, 03/08/2011 - 00:08 | 1028570 Blythes Master
Blythes Master's picture

Greshem's Law ~ Bad money drives out the good.

With Nickles, it's only a matter of time before they're all gone.

 

My banker said the coin bank guys are freaking out because after no demand last year, all of a sudden they are flying out the door like mad. You better snag them while you still can. It's still fiat for metal below spot, bottom line.

 

Search the web for articles using KW's = 'nickles' + 'ammo can' to understand the why's.

 

Happy Hunting Bitchez!!!

 

I am Blythe's Master.

Tue, 03/08/2011 - 01:29 | 1028809 DoChenRollingBearing
DoChenRollingBearing's picture

I am up to 2 and 1/2 liters of nickels...

Some gold and silver too!

Tue, 03/08/2011 - 00:44 | 1028702 Citxmech
Citxmech's picture

I've been loading up - guess it's time to step it up double time...  Betcha "nickels" are made of zinc by next year.

Tue, 03/08/2011 - 08:19 | 1029061 ziggy59
ziggy59's picture

all post 1946 US nickels are presently worth about 7 cents due mostly to the copper.

 

www.coinflation.com

 

 

 

Mon, 03/07/2011 - 23:57 | 1028534 mt paul
mt paul's picture

 the US mint 

should start to make ...

gold foil covered

chocolate coins....

Tue, 03/08/2011 - 00:06 | 1028565 Josey Wales
Josey Wales's picture

I replaced all the real gold coins in my safedeposit box with the gold foil chocolate coins a few years ago.  I hope it never comes to it, but when I heard during the first confication that a Treasury representative had to accompany you to your box I thought it would be quite a good joke! 

Tue, 03/08/2011 - 00:15 | 1028607 Shameful
Shameful's picture

If you did that, then please peel and eat them in front of the goon. Because that is amazing.

"What? I love chocolate, and you never know when supply problems will come up. I'd offer to share, but clearly chocolate is very important to me...did you want the foil?"

Tue, 03/08/2011 - 01:36 | 1028818 RafterManFMJ
RafterManFMJ's picture

Do not touch happy fun ball. Do not taunt happy fun ball.

Tue, 03/08/2011 - 01:50 | 1028847 A Nanny Moose
A Nanny Moose's picture

At which point the jack@$$e$ will tax your foil

Tue, 03/08/2011 - 09:06 | 1029136 Bobbyrib
Bobbyrib's picture

That would be hilarious if you put those chocolate coins in the tubes that they sell in sets of eagles to dealers.. The only thing the Fed would see is the eagle tube and gold. He would be thinking "jackpot!" As soon as he opens it they're all chocolate coins.

The only thing about messing with the Feds is that if they see you have a safety deposit box with chocolate coins, they may suspect the real thing is hidden safely in your house (correctly or incorrectly).

 

You may not want to mess with the Feds as someone else suggested...

Tue, 03/08/2011 - 00:12 | 1028592 flacon
flacon's picture

I sent that quote to the mint: coinmaterials@usmint.treas.gov

 

LOL! What a joke our money system is today. 

Tue, 03/08/2011 - 02:32 | 1028899 Yen Cross
Yen Cross's picture

Chocolate coins. I'm tring to appease my laughter! You are naughty (funny)

Tue, 03/08/2011 - 08:20 | 1029064 Bobbyrib
Bobbyrib's picture

What about clad coins? They could be coated in a something like nickel, but they will be stainless steel past the coating. They need to learn from the cheats who sell the clad coins on the infomercials.

Tue, 03/08/2011 - 11:19 | 1029550 A Texan
A Texan's picture

Where do you think that the infomercial cheats learned it from in the first place?   Think "US Treasury" - we started clad coinage in 1965.  I think that the end result will be a very thin layer of copper and nickel over a base of 98% or so of steel.  Very cheap, very durable, and it fits in nicely with the Potemkin Village economy we've got to have our "money" be completely deceptive like that.

Tue, 03/08/2011 - 19:18 | 1031229 Bobbyrib
Bobbyrib's picture

HaHa, long live fiat (sarcasm).

Mon, 03/07/2011 - 23:57 | 1028535 Twindrives
Twindrives's picture

Mint ammo slugs in all the popular calibers.    

Tue, 03/08/2011 - 00:03 | 1028554 FEDbuster
FEDbuster's picture

Let's just use ammo for coinage.  22lr replaces the nickel, 9mm replaces the dime, 7.62 x 39 the quarter, .223 the fifty cent piece and .308 or 30.06 round the dollar coin.

Tue, 03/08/2011 - 00:28 | 1028658 Pool Shark
Pool Shark's picture

 

+.45

Many a truth is said in jest.

 

Tue, 03/08/2011 - 01:10 | 1028767 SilverRhino
SilverRhino's picture

No sale: 9mm : 20 cents; 7.62X39 : 30cents; .223: acceptable actually; 30.06 rounds: 2.00

Tue, 03/08/2011 - 07:04 | 1029011 Miss Expectations
Miss Expectations's picture

I should think that mailing an empty shell casing would be comment enough.

 

Tue, 03/08/2011 - 08:23 | 1029071 Bobbyrib
Bobbyrib's picture

to have government officials knocking on your door?

Tue, 03/08/2011 - 11:09 | 1029504 BigJim
BigJim's picture

Do they still knock first where you live?

Tue, 03/08/2011 - 19:18 | 1031236 Bobbyrib
Bobbyrib's picture

I'm not sure. I've never had them drop by before..

Tue, 03/08/2011 - 02:51 | 1028912 Yen Cross
Yen Cross's picture

60 cal. Mint Slugs! Lmao!

Mon, 03/07/2011 - 23:57 | 1028536 jwäges
jwäges's picture

Put a fork in Amerika.... she's done! The only solution is debt repudiation and default. This will make for quite a spectacular war if the guilty central bankers are not arrested and tried for crimes against humanity.

Tue, 03/08/2011 - 00:04 | 1028556 Kaiser Sousa
Kaiser Sousa's picture

homie, u aint never lied...

every mother fucking day brings that which is more absurd than the last...

fuck it, why dont they just replace "real money" (Gold & Silver) with wood chips...

i saw this shit coming but still am trippin off of where the fuck we r and r headed...

Salute all comrades n physical Gold & Silver........

Tue, 03/08/2011 - 00:00 | 1028545 gwar5
gwar5's picture

Now I know what grandma meant by wooden nickels.

Tue, 03/08/2011 - 00:02 | 1028550 Shameful
Shameful's picture

Give Zimbabwe Ben time. Eventually Tiny Tim won't be able to put out a wooden or aluminum nickel that is cost effective.

Tue, 03/08/2011 - 01:15 | 1028781 Rusty Shorts
Tue, 03/08/2011 - 00:00 | 1028547 Raynja
Raynja's picture

The coins should be made of electrons and created on the Bernanks iPad.

Tue, 03/08/2011 - 00:00 | 1028548 ChanceIs
ChanceIs's picture

Rearden metal, bitches!!!!!!

http://www.youtube.com/watch?v=6W07bFa4TzM

Tue, 03/08/2011 - 01:15 | 1028779 Guy Fawkes Mulder
Guy Fawkes Mulder's picture

Junked.

Tue, 03/08/2011 - 08:25 | 1029072 Tortfeasor
Tortfeasor's picture

I went to bed laughing at that.  Waking up it's still funny

Tue, 03/08/2011 - 00:02 | 1028552 eigenvalue
eigenvalue's picture

I suggest using banksters' body bodies to make coins. The Bernank's skull can make many coins.

Tue, 03/08/2011 - 10:20 | 1029366 FatFingered
FatFingered's picture

How about this?  

Zanibars(with Greenspan stamped on surface)= $1-4

Percocets(Rumsfield) = $5

Vicodins(Cheney) = $7

Greens(Obama) = $15

Blus(Bush) = $30

Did you really think we were in Afghanistan for Bin Laden?

 

Tue, 03/08/2011 - 00:03 | 1028555 cxl9
cxl9's picture

Eventually the coins will be stamped out of steel, aluminum, wood, and finally cardboard.

 

Tue, 03/08/2011 - 00:40 | 1028690 RockyRacoon
RockyRacoon's picture

We've been there and done that:  Fractional Currency

http://www.google.com/images?q=fractional+currency&oe=utf-8&rls=org.mozi...

Tue, 03/08/2011 - 10:35 | 1029415 FatFingered
FatFingered's picture

cx, I am not sure what century your living in but we are beyond cardboard, even past paper, and on to bytes.  I suppose air could come after bytes.  Ooohhh, carbon credits.  They have thought of everything.  These guys would give Nero a woody.

Tue, 03/08/2011 - 00:02 | 1028557 Montgomery Burns
Montgomery Burns's picture

So what?  "Circulating coinage" is already made out of god knows what anyway. Now it'll be made out of some even cheaper shit.  Big yawn!

Tue, 03/08/2011 - 00:03 | 1028558 Thomas Jefferson
Thomas Jefferson's picture

Ill go with the beer can recommendation.  Ill have to start collecting cans again.

America is a circus freak show.

Tue, 03/08/2011 - 00:43 | 1028705 RockyRacoon
RockyRacoon's picture

As a kid (late 1950s) I recall playing with my little metal toy cars.  You could bend over little tabs on the bottom and take them apart.   The back sides of the cars were visible and you could see they were made with recycled Budweiser cans.   No kidding.  Made in Japan.  I suppose they imported the cans, made toys, and exported them back to us.   Sorta like how we ship all our trash to China today.

Tue, 03/08/2011 - 06:26 | 1029004 Snidley Whipsnae
Snidley Whipsnae's picture

Rocky... the beer can toys, and cigarette lighters also, are known to collectors as 'occupied Japan'. They are fairly valuable now. I have a Zippo knock off that is made from a Schlitz Beer can.

Tue, 03/08/2011 - 00:02 | 1028560 IndianHedge
IndianHedge's picture

These metals are still better than holding FRN's :P

Tue, 03/08/2011 - 00:04 | 1028561 silvertrain
silvertrain's picture

 Its a trial balloon to see how many bugs gold/silver owners they are going to have to deal with in the future..

Tue, 03/08/2011 - 00:49 | 1028725 RockyRacoon
RockyRacoon's picture

Nope.  The Mint does this as a normal process.   All previous metallic changes went thru this process.  If you're a silver bug, don't feel picked on.

The Mint has produced aluminum pattern cents already but not for circulation.  They are worth a small fortune. 

http://www.google.com/images?q=aluminum+cent&oe=utf-8&rls=org.mozilla:en...

Tue, 03/08/2011 - 00:07 | 1028562 LostWages
LostWages's picture

WTF?  Maybe chocolate coins....no cocoa prices too high also.

(Sorry Mt Paul didn't see your post.)

Tue, 03/08/2011 - 00:07 | 1028567 smlbizman
smlbizman's picture

just make them out of the same material the other money is made from, seems to be plenty of it......thin air

Tue, 03/08/2011 - 00:06 | 1028569 Count Floyd
Count Floyd's picture

research for alternative metallic coinage materials for the production of all circulating coins.

Christ, can you all read?

Tue, 03/08/2011 - 17:20 | 1030818 A Texan
A Texan's picture

Plus, of course, if Timmy or any other person in his position were to cheapen an Eagle to 1/2 oz. or 1/4 oz. of silver, they'd actually have to, you know, TELL US, and the price that the mint received would go down commensurately.  DUH!

Tue, 03/08/2011 - 00:06 | 1028573 Newsboy
Newsboy's picture

DEPLETED URANIUM!

Declare it to be the most valuable thing on the planet. Make a 1 oz coin and declare it to be worth $10k, primarily of use to central bankers and drug lords. Get this crap outta' here!

Tue, 03/08/2011 - 00:47 | 1028716 UninterestedObserver
UninterestedObserver's picture

That would be great if you could make bullets with them

Tue, 03/08/2011 - 01:00 | 1028744 serotonindumptruck
serotonindumptruck's picture

In theory, that might be possible given adequate shielding and PPE. Definitely need a dedicated glove box with which to work. Probably wouldn't hurt to have some survey meters and dosimetry on hand.

Whoa! Imagine the destructive power of a .308 Winchester slug forged from DU!

Tue, 03/08/2011 - 02:34 | 1028901 trav7777
trav7777's picture

DU is an alpha emitter, basically harmless.  Don't inhale it is all

Tue, 03/08/2011 - 00:08 | 1028574 Judge Judy Scheinlok
Judge Judy Scheinlok's picture

Time to sell my silver fillings. You know, help the mint out an 'shiz.

Tue, 03/08/2011 - 01:56 | 1028863 Yen Cross
Yen Cross's picture

platinum?

Tue, 03/08/2011 - 00:07 | 1028576 trav7777
trav7777's picture

they'll make them out of plastic until oil gets too expensive.

bye bye penny and nickel...stock up now

Tue, 03/08/2011 - 00:08 | 1028578 Poor Grogman
Poor Grogman's picture

Why not use recycled Roman denarius, they are still practically worthless and seemed to fool the Romans for quite some time.

They also have a guaranteed longer life span than the USD.

Tue, 03/08/2011 - 00:09 | 1028579 Thomas Jefferson
Thomas Jefferson's picture

How about yellow cake?  I heard Zimbabwe is exporting it cheap now.

Tue, 03/08/2011 - 00:09 | 1028584 reader2010
reader2010's picture

I heard China has been buying cotton in a totally crazy way because their nonstop printing RMB requires gigantic amount of cotton. Got cotton?

Tue, 03/08/2011 - 00:09 | 1028585 truont
truont's picture

United States Mint Seeks Public Comment on Factors to be Considered in Research and Evaluation of Potential New Metallic Coinage Materials.

All metals are getting too expensive.  Metals have a finite supply.

We need something that can be replicated.  Something organic.  Something that is much better than gold or silver.

How about...Banker Shit American Eagles!

We could put banker shit in the US Mint coining press, and pump out high quality, dried banker shit, with a Shit Lady Liberty on the obverse of the coin.  On the reverse would be the majestic Shit American Eagle.

These dried coins would not only have numismatic value, but could also serve as fertilizer for rural customers, providing a strong intrinsic value as well.

Also, Shit American Eagle customers would never again worry about home invasions, because no one wants to steal stacks of shit.

And we don't have to ever worry about running out of banker shit, since there is a never-ending supply coming out of Wall Street.

Do NOT follow this link or you will be banned from the site!