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12 Page Summary - FY2014 Report to Congress: Change in Metals - Edited to Add Links to technical rep
MsMorrisine
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12 page pdf, summary
My take, with the push back and the only slight savings, don't look for change any time soon. although they are pursuing more research in one alloy area - Crime! modified 80/20 copper/nickel with a touch of manganese instead of some of the nickel to improve the electromagnetic signature! estimated savings per year? $5.25 million? And the Goldfinger reference will be tied back in later, or if anyone actually reads the report summary. With a report of further findings done before the end of FY2015.
There are lots of interesting things to discuss in the report, though. Perhaps those can be discussed here, perhaps I can create threads when things get slow.
us mint 2014 report page
Appendix 1: Public Law 111-302 — Coin Modernization, Oversight, and Continuity Act of 2010
Appendix 2: Production Cost Analysis with Circulating Metal Commodity Metal Prices
Appendix 3: Coin Industry Stakeholder Feedback Report
229 pages Appendix 4: Alternative Metals Study Phase II Technical Report
Appendix 5: Table 2-12. Estimated Cost Breakdown – Current and Alternative Metal
My take, with the push back and the only slight savings, don't look for change any time soon. although they are pursuing more research in one alloy area - Crime! modified 80/20 copper/nickel with a touch of manganese instead of some of the nickel to improve the electromagnetic signature! estimated savings per year? $5.25 million? And the Goldfinger reference will be tied back in later, or if anyone actually reads the report summary. With a report of further findings done before the end of FY2015.
There are lots of interesting things to discuss in the report, though. Perhaps those can be discussed here, perhaps I can create threads when things get slow.
us mint 2014 report page
Appendix 1: Public Law 111-302 — Coin Modernization, Oversight, and Continuity Act of 2010
Appendix 2: Production Cost Analysis with Circulating Metal Commodity Metal Prices
Appendix 3: Coin Industry Stakeholder Feedback Report
229 pages Appendix 4: Alternative Metals Study Phase II Technical Report
Appendix 5: Table 2-12. Estimated Cost Breakdown – Current and Alternative Metal
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A related topic to the metal composition changes are the long standing dropping of the cent and possible the nickle. The pie in the sky notion of replacing both with a 3 cent piece. And my favorite of doing away with the $1 bill, like many countries have done successfully, then turning the dollar coin into a ringed bi-metallic coin, which again many countries have done successfully.
"Currently, ninety-two countries use bi-metallic materials for circulating coins. The Mint researched the
potential of using bi-metallic materials for the nickel coin configuration including potentially using the
current penny as the center with an outer ring made from the current nickel coin composition. The bimetallic
study recommended not using circulated or unstruck planchets of the current penny for a bimetallic
nickel coin composition. The study concluded the capital cost required for the Mint to produce
bi-metallic coins would increase the unit cost of coins by approximately 0.0066 $/coin. Consistent with
observations of other countries using bi-metallic coins the study recommended the use of bi-metallic
coins with a face value greater than or equal to one dollar. "