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No Silver? No Problem: US Mint Would Like To Know If You Will Accept Brass, Steel, Iron Or Tungsten Coins Instead
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
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Hahahahahahahahahahaa. And this is bad news to some people. Tell you what I will enjoy most: not paying back my student loans (which I used to buy physical). Suppose I'll use up those deferrments sooner rather than later.
You rock! Repo my brain, bitchez! You'll never take away my marketing degree!
If there's ever a time to say OMG this is it. No freakin' way.
Metallic coinage material which permits production of coins which are inherently cheaper than the material and process to produce such coins? How about iron oxide flakes sprinkled on sun dried clay disks stamped with Ben Bernanke's profile?
Saving my nickels. Won't be long until they're replaced by the cheaper version.
Yep.
They're already worth over 7 cents each.
Gresham strikes again...
Base metal coin value calculator:
http://www.coinflation.com/coins/basemetal_coin_calculator.html
Melt value for a roll of nickels:
Total melt value is $2.79.
Rocky,
Been using Coinflation for years; love that site.
I remember back when nickels got up to 10 cents each in melt value.
We should be there again soon...
been collecting rolls of nickles for 2 years now...thank you J Rawles.
now lookit here, we will get beyond this nonsense and perhaps we will, or our kids will, actually get back to know the value of the dollar and hard work and move forward.
no matter how bad it is here in the US, in 10 years 60 million chinese men will realize that there are only 12 million chinese broads to marry. so life for us could be worse.
a new age of enlightenment is coming to the US as folks realize that Americans resemble John Wayne and Jonas Salk...
holy fuck, sorry - I just went way off topic. Please forgive me...I'm an optimist.
By then Obama and Bernanke will be offering American women to the Chinese to service the federal debt. I doubt the Chicoms would accept either one of their ugly nags as barter though. Disgusting.
And the USA has in reasonable abundance something that China has virtually nothing of...
Blonde women!
Thats what the murdering Mofo's get.
Soon it will be American Brides being sent to China for wives.
Ah SO?
Why not just stop making metal coins altogether and make all our money out of hope and fairy dust from now on?
is that like hope and "change"
+1, golf clap
I second that, provided that unicorns and rainbows are also included.
Don't forget the Skittles. :)
Let's go with ATOMIC WEIGHT as the most important criteria.
They are out of their minds.
My favorite line:
"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."
Translation: "No one from Zero Hedge is allowed to comment."
+100
To: coinmaterials@usmint.treas.gov div { margin: 0px; }
why not use more worthless paper...
or wood chips perhaps...
hell, just tell the Fed (read: ur masters) to just use virtual coinage created out of nothingness like those debt coupon dollars most will be wiping there ass with very soon...
good luck fellow Romans.... i had to do it.....
i vote for moon rocks
Based on census data, Aluminum seems the most economically viable replacement that meets most of the other properties the mint is looking for. Uses a lot of energy to produce though.
http://www.allcountries.org/uscensus/1170_principal_fuels_nonmetals_and_....
Perfect - and you can lick them for when you need that extra mental pick-me-up.
The mint eliminated gold coins and replaced silver coins with copper and nickel. Then it replaced copper with zinc. Soon the zinc in a penny will be worth more than a penny. So now they are probably looking for something even cheaper than zinc.
I wonder how long it will be until they start making plastic coins. Our "coins" will soon look just like play money. (And eventually, cash will be declared to be a barbarous relic and money will consist of ones and zeros stored on a harddrive somewhere.)
The difficulty with plastic is integrating security measures like they do in the paper notes. Not that any sane person is going to counterfeit a cent (English folk us pennies).
In Australia, notes are already made of plastic.
If your going to hoard U.S. pennies.... hoard those minted 1980 or before.
All those minted after 1980 are made of federal reserve junk metal.
I throw the Bennie shit pennies in the trash........ or out in the street in front of my house for the neighbor kids to pick up. Worthless trash.
Thanks I always wondered about that but was too busy (surfing porn) to research it
Thats what Math Man's car is made from.
The transition was 82. Some 82 pennies are copper, some zinc. Coppers are just over 3 grams, zinc are 2.5. You can usually tell by the thickness and color, copper ones being thicker and usually a tad darker.
Looks like your avatar may be taking something thick and dark...
Puck Fennies.
The ROI of your time is not worth buying boxes and sorting out the pre 1982 pennies while you can still buy rolls of nickles that do not have to be sorted. (yet)
It's a no-brainer for choice of which coin to save.
not exactly true
i just went through a box of pennies yesterday because i was bored...hundred bucks worth
straight from the bank
found 3 indian heads and a small ziplock bags worth of wheaties,the oldest 1911 wheatie, 2 steelies, one with the missing 4 mint mark error
if you've got some time to kill, its still worth the effort
the very first one i pulled out of the pile after i unrolled them was a 1919....heart jumped from the surprise...it was fun
i still find the occasional merc dime, silver washington quarter and franklin half
found four 1932 quarters last time i did quarters
just sayin....people still dont check their change, and there are still some silver coins to be found
Where do you live? I haven't found an Indian Head since sometime in the '70s, and as for silver coinage that happens to me about once every 5 years when I get a War Nickel, dime or quarter. I've had much better luck buying $500 boxes of halves from the bank and looking for anything pre-'71. One box, my best ever, had 3 '64 Kennedys, 3 Franklins and 58 of the 40% Kennedys, 10 3/4 ounces worth. With silver at $27 it was worth nearly $300, more now of course. I also get skunked quite a bit, though never completely as I also collect the post-2001 Kennedys that were/are minted in very limited numbers, like under 3 million/year (though no precious metal).
I took me about a day to fill a 1 gallon bucket with pre 82's with a $10 sorter from China that works like a champ. It's tits on 40# per gallon. Do the math.
I plan to fill a 5 gallon pail, slide it into the basement corner and hand it over to my son one day. Who knows, 200 lbs worth of copper at $10/lb?
Where did you get the sorter?
Pre-'82 is 95% copper; starting sometime in '82 they put in 97.5% zinc under a coating of copper. It is really cheap crap, you can see how some of them have deteriorated and started falling apart, corroding, etc. What a perfect metaphor for our entire society, led by the idiots we've let run our country for the last 2 generations..
Metal money = barbaric relic. EBT cards are your future. You *will* love BB.
My vote would go to a sealed cadmium coin. It has many potential applications for industry and alternative energy. Too bad about its toxicity, though.
http://en.wikipedia.org/wiki/Cadmium
Would you like to buy a monkey? :
http://www.youtube.com/watch?v=WbCc2jeEQdY
Lol' ... How did you find that ?
....... " American Eagle silver coin sales rose year-on-year by 58 percent to 3.24 million ounces in February. " .............
Suck it, Blythe!
Dr. Drew is on VH-1 right now and they are talking about Charlie Sheen. He says that he is in deep trouble and needs a intervention immediately. He is in extreme danger and could die about this. This man is very , very sick.
Dr. drew is boring as shit - no offense to boring people
well he may be boring but he does try and help people like this. Its horrible to see what Hollywood does to people. If anyone needs to go to him for help it is this guy Charlie Sheen. If Drew could help him , it would be a miracle unfortunately. Nothing will happen until he hits bottom I guess. It is sad. It has been a long time since I saw someone self destruct on their own video show. I hope young people watch this and learn from it. He is on his show now, sheen's corner. Check him out. It is sick and very, very sad.
Most of Hollywood is screwed up because they live in fantasy land and make too much money for what they do - kind of like Wall Street but at least Hollywood provides a product that doesn't ruin the world
I have seen people like this after they get locked up and they start going into withdrawals etc. It is not a pretty sight. Sometimes they say that even though they are in prison, the fact that they are in prison has saved their lives. Getting that monkey off of your back is extremely difficult. I know his father is watching all of this. I guess they don't talk much. It must be heartbreaking to watch your own son self destruct right before your very eyes and not be able to say to him.........stop it son........stop it........yet you cannot because your own son will not listen to you and will not talk to you for whatever reason. Our nation is dying and Charlie Sheen has 2 million followers. I think that in and of itself speaks volumes to a nation that is sick and dying in so many, many ways.
Calm down, Charlie is going to be fine, he just needs to keep sipping that Kombucha.
Sit back and prepare for takeoff.....
9/11 was an inside job, bitchez.
Plastic bitchez - it's the new silver just ask Timmah
Too late.
Plastic Pennies are already worth more than 11 real pennies:
http://www.buy.com/prod/learning-resources-ler0095-play-money-pennies-100-pk-plastic/q/sellerid/16881584/loc/20269/208142061.html
Yep, that's right. 100 plastic 'play pennies' cost $11.17 (plus shipping)
Were doomed...
LMAO you're right we're fucking doomed
LET CHINA MAKE THE COINS! CADMIUM BITCHEZ!
Iron pyrite is probably too expensive.
Lamco, Liberia.
Mt. Nimba
Lamco Iron Mine, Mt. Nimba, Liberia.
http://www.youtube.com/watch?v=5XGU9_Mg3QM
This is all I have to say:
http://www.youtube.com/watch?v=981uqf-w8kg
(It's just a mashup of Tyler laughing his sick ass off.)
I am still hawking my coin!
http://www.mundogold.com
I can make a nice zerohedge one if I get a real sponsor/investor!
I'd always presumed they'd use zinc, as they do in pennies.I'm old enough to remember when copper pennies were phased out because the copper value was higher than one cent.
Then I checked spot zinc prices -- they're doubled since January of 2009!
Weight-wise, there's 185 pennies of zinc in a pound, which costs $1.07 right now, so $0.0058. So the dollar can't even devalue by half before even ZINC pennes are worth more than face value. Every other metal -- lead, aluminum, copper -- costs more than zinc, though a same-size aluminum penny would weigh less, and might be slightly cheaper.
Recycled plastics run around 0.50 to $1 per pound, so those might buy a little time.
My guess is coinage below a dime goes away in the not too distant future because it's too expensive.
Insane.
I think you are right. Actually, there was a time not so long ago when a penny could buy more than what a dime does now. And now sometimes you will see a penny lying on the ground and people don't even consider it worth the effort to pick it up.
So they would probably replace FDR's image on the dime with Lincoln or Jefferson. Wouldn't it be ironic if the man who did more than any other to debase the currency, finally got kicked off the dime due to currency debasement?
that's right, we need nickel for our italian fusion reactor.
Just stock up on ammunition. People will soon be trading in 22LR and .45 ACP.
Ammo will be worth more than gold.
Ammo? The Walmart guy tells me those heavy .45, 230 gr bullets have gone up 300% in two years b/c of the copper in them. I bet the silver tipped ones (if they makes such a bullet for dracula types) cost an arm and a leg!
Werewolves. Vampires don't care about silver bullets. It's wooden stakes that give them nightmares.
what's best for squid? harpoon?
I'm counting on it.
No Problem. Just print all new currency on toilet paper...the soft one, not the extra strong, rough one.
That is fucking genius.
Gresham's Law 2.0: Bad toilet paper drives out good.
Diecast rust.
Why aren't they just printing some silver, as this is the fashion now? In the sense that they can say on the website that the mint is selling like only 200K onces of silver eagles per month, because of the low demand... amateurs.
I would be happy to have new coins made from the metal from scrapped tanks, aircraft carriers, ammunition, and guns. Each coin would then represent something of REAL value.
http://www.thedailygreen.com/cm/thedailygreen/images/Tp/Choc-Coins-Han07...
Currency that you can also eat... Win-Win.
Of course, cocoa and sugar prices might put a damper on this idea.
Good news!!!
Plastic Nickels are just as cheap as plastic Pennies!!!
http://www.buy.com/prod/learning-resources-ler0096-play-money-nickels-100-pk-plastic/q/sellerid/16881584/loc/20269/208142062.html
Too bad they're still over 11 cents each...
Well they already have a lot of tungsten in Fort Knox
*Thumbs up*
<tongue-in-cheek>But it's plated in Gold! Mills is unknown...</tongue-in-cheek>
when metals jumped years ago, penny content jumped to 1.9 cents, then back down to 1.2.......wonder where it is now; soon to be melted down for $1 coins i suppose
http://www.coins-of-the-uk.co.uk/pics/metal.html#Ni
http://www.coinflation.com/coins/1909-1982-Lincoln-Cent-Penny-Value.html
dried animal chips
molded into coin size
hardened with Elmer's glue
make possession of horse shift a crime
politicians would all be in jail.. as well as talking heads , fed reserve .
in shift we trust.
chipper coinage hot off the presses
Here cums them Wooden Nickles I used to hear about cum back in style again.
Here's my public comment:
blow me
LMAO. thnx, Bob, ya made my day
LOLOL.
In Canada they "
Took the copper from my penny
Took the silver from my dime
Nickle from my nickle
Makes me sicker all the time....
BY Bankster-in-my -feces
There's really nothing useless enough to make pennies out of.
Not true. They could make coins from politicians promises.
This is a trial balloon to see if Brass Hank Paulson coins would sell.
We need to get back the the money the REAL Americans used. Wampum!
There all made of 92% percent steel in canada.
Check out wikipidia for a good layout of when they took all the copper and nickle out of ALL the coinage years ago.
Click on ech individual coin number(eg) 1cent,5cent 10cent,25cent.
See...OLD NEWS hear in Canada for anyone paying attention.
I have been pulling nickles for a while now,pure nicks are getting hard to find.
Why don't they just redesign the paper, pull a Zimbabwe, trade 10 old for one new, and keep the old coins. Or would that make too much sense?
What was that magic alloy in Atlas Shrugged? Guys, I think the government waved the Keynsian white flag here. What fit metal do you prefer? Titanium? Iron? Good god...
Ice-nine? No, wait....
As ChanceIs already posted supra;
"Rearden metal:"
http://en.wikipedia.org/wiki/Atlas_Shrugged
(I think he named it after the place he developed it: the rumpus room at the back of his house...)
Nope, the characters last name was Rearden.
Rear Den
("Use a Pun, go to prison...")
I vote we just use symbolic gestures instead of metal or other objects. If you owe a penny, it's a shrug. Five cents, a slight nod. Ten cents, a wink. A quarter could be a shy, downcast look.
A 'silver' dollar would be a nice, stiff middle finger.
This is actually very simple and it's about time it hits J6P.
The obvious solution is Congress to instruct for the US mints to stamp intrinsically valuable coinage out of any metal it deems appropriate. It needs also to simultaneously coordinate with the treasury department to begin issuing US notes redeemable at face value for this coinage as legal tender.
The simplicity of this is that it doesn't matter what the material make up is or the denomination / terminology used in describing the increments of the currency. Once they begin to be used as currency, true savings with appropriate interest will usher capitalistic growth instead of depending on consumerism to cause "growth".
Then, no matter how base the initial coinage material, currency values will increase allowing more precious materials to be used in direct opposition to the current state of affairs found in debt issued currency.
What starts as base can grow in value and worth when properly invested. I'm reminded of a short comment regarding Solomon's reign, something to the effect that gold became as plentiful as silver and silver as plentiful as stone.
Wisdom, uniform justice and a healthy realization of personal mortality (aka "fear of God"), will go a long way in eliminating the scourge we're experiencing from the enslaving debt the fed and bis have unleashed on the US government and its citizenry. imo.
Factors to be considered in the research and evaluation of potential new metallic coinage materials? How about the goddamn Constitution?
Here's an idea: Monetizing Silver: Instant Prosperity
I literally don't even have to click on that to know it's bullshit.
Everyone should just use shares of GLD and SLV as currency. Because they're back by the "real thing" bwaaahahahaaa lol
http://www.youtube.com/watch?v=h45WnW0ASFY
I declare recycled donut holes as our new national currency!!!
just get rid of the relic coins and get on with the implanting of the chips already..
They are having trouble getting enough silver for all the chips
penile gland extract
based
fiat currency....
Adrenochrome ?
The Andromeda Strain ?
Disease ridden coins should increase velocity, at least temporarily, which the chairsatan should like.
The Blob ?
This is a whole new level of obfuscation, and it is misdirection of the highest order.
If the mint thinks that it's the coin artwork & coin attributes that take precedence over the precious metal, they are kidding themselves. They can make all of the nickel or cupro nickel eagles they want...sales would still be mute.
There are other more proven ways of clearing this market, however, none of those options are pallatable for the short of paper silver purveyors.
The vending machine business will soon take nothing but plastic cards.
The mint is nearing its last days.
Coins? Really?
The Way The Bernanke is Devaluing?
Suggestion to US Treasury: You better just work on paper bills...
Since the US has obviously given up providing any sort of viable economy for future generations, why not just make coins out of the bones of American children?
Better yet, why not just make coins out of the bones of the children of a very evil hooked nose, beanie wearing tribe?!? That would be fitting justice for the parasites!
Wow. They don't know. I could print this Notice out and staple it into the back of Fiat Paper Money by Ralph Foster. Nothing has changed, it fits right in.
http://www.youtube.com/watch?v=vNFgs168BHI&feature=related
The real question: how soon will they have to change them again?
Over.Centralized.Collapse.
Mean change the rules mid game like they did with the Hunt brothers to bury them?
No way, nobody ever posted that here before.
no the metal ratios of the coins.
Thanks, I don't really get the point of making coins in the first place? beyond supporting coin operated vending machines and collectors seems to me absent precious metals-which is nothing new- ultimately to be more some kind of symbolism and largely useless government waste at this point in time?
Nickel, brass, copper,... soon we're back to paper.
NO, I won't accept anything less than gold or silver - and nothing less than 90% in coinage.
Thats how we got to this fiat fuck up in the 1st place - CLIPPINGs - read about that in ancient Rome and Greece.
That's how they fuck us up - they rely on us NOT knowing what happened 50 years ago, 100 years ago, 1,000 years ago - and with legalizing drugs it makes it all that much easier, especially with a boob tube to relax all your fears away: TV, Beer, NASCAR and you are all set....... to ignore the butt fucking by your government.
NO! No Clippings, no brass, no paper. Real Money with real metals.
5150
http://www.youtube.com/watch?v=tijoo4wWpao
I saw this coming. The Federation doesn't use money.
Gold pressed Latinum, Bitchez.
The amount of disinformation and hysteria here never ceases to surprise me. Read the article people:
And in the grand scheme of things, U.S. Mint's Silver Eagle production is nothing but a speck.
a.k.a. Move on, nothing to see here. If anything, it's U.S. bills that are in need of modernization, not its coins.
I guess now America is ready to read the great poem of karyotakis "To the statue of Liberty which illuminates the world".
The poem
To the statue of Liberty which illuminates the world
Liberty, Liberty, your crown rips up and bites the sky
Your light, without burning, makes your people blind.
Gold butterflies, the Americans, estimate how much your divine metal costs.
Liberty, Liberty, you will be bought by merchants,
By consortia and Jewish people.
The upcoming generations will read about
This century’s enormous debts and sins,
As they compare you to the portrait of Dorian Gray.
Liberty, Liberty, you are missed by
Distant forests, tattered gardens,
By those who welcome sadness
As an award of struggle and strain,
And continue their life,
Dead, who are deprived of acknowledgment.
One Word. . .
ROFL
"technical characteristics" yes..electronic silver..thi is a billion dollar idea...a small ship in a faux metal coin with a chip in the center that has the fractional amount of price of SLV in it.
or just distribute Parker Bros. stuff.
get your nickels and pre 82 pennie NOW!!
How about some 1 ounce eagles made from unobtainium.
Soon we will be reduced to tally sticks FFS.
Why not another zinc clad shit sandwich like our worthless penny? The robbery continues.
I vote for depleted uranium (DU) coinage. By carrying it in the front pants pockets we should ensure an accelerated natural selection rate for Americans.
Imported Chinese steel...Perfect and cheaper
Make mine Plastic please.
Brings new meaning to the question:
"Paper or Plastic?"
Confiscation reaches a new level.
Gold / Silver weakness is now expected as equity correction has commenced.
http://stockmarket618.wordpress.com
we always used to favor the wooden nickel upon the drum, saving another drunken bum...
http://www.youtube.com/watch?v=L1Pmg3BxCCM
Just use sheep turds, lord knows there is plenty
USA, RIP. It's over.
Make coins out of the element: Hopium... "In God We Hope!"
how 'bout making 'em outta Carbon Credits...
There is a term for objects of this type. It is NOT "coin." The correct term is "token."
Coins have intrinsic value, tokens only represent a value. More people should understand this.
the lights burn deep into the night at goldman's hq trying to figure out how they can monetize the coinage.
<sarcasm> Just skip the niceties already and make them out of Pb.</sarcasm>
Buy gold and silver coins - they have a special quality - "bullshit deflectors", and do we need that!
http://www.youtube.com/watch?v=1FE-XurEfQo
It would be easy to go off the rails on this and turn
into a raving lunatic, but... I'm speechless.
I understand using zinc or what-have-you during
the war when all of the silver was in use in
the calutron:
http://en.wikipedia.org/wiki/Calutron
But this is insulting. There is no dearth
of silver, there is a glut of fiat.
Making more fiat is not going to
fix the people's problem.
I don't think Ben is making a mistake,
because I don't think he is that dumb.
I think things are going to plan; It's just
not a plan the people are going to like.
I want my silver coin to be made out of oreo cookies. This way, I can dip it in milk & eat my coin.
They could make the new coins out of recycled garbage from the land fill. Then everyone could afford them and the mint would never run out because we could mint as much as we needed to and plus no one would want to buy recycled garbage coins. Problem solved.