In the Falkland Islands, they put animals on coins. A sheep on one, a penguin on a second one, and some kind of goose on a third one. Not very political.
"Vou invadir o Nordeste, "Seu cabra da peste, "Sou Mangueira......."
@BryceM said:
In the past, the technology around running a mint wasn't mature. We had some great designs and some that were, in terms of coining, epic failures. Today, the "standard process" is pretty entrenched, and doesn't lend itself to creative ideas. Low-relief, computer rendered, "sterile" designs are easy to execute, and the chance of even a slight hiccup has been mostly eliminated. We make big noise about slightly modifying our Chuck-E-Cheese tokens, but, in reality, not much is really changing.
There isn't the appetite now to try something as novel as a high-relief Peace dollar or even a hand-cut buffalo nickel design. Public backlash centered around the eternal attempt to push small dollars on the populace has removed the desire to try. Art has been relegated to the world of medals and innovative thought to the area of small-run, expensive commemoratives.
Maybe someone will come along who cares enough to attempt something bold (like T. Roosevelt), but bold ideas don't seem to get much traction these days.
Again the problem is politics and that we must continue to mint less than worthless and toxic pennies. So much of the mint's productive capacity is given over to making these that there literally isn't time for the metal to flow into higher relief coinage. We can't stop pennies so long as there are so many lobbying groups.
We can reduce the size of pennies, the US Mint can arbitrarily strike less of them like they do with halves and dollar coins and force merchants to round on their own.
I've suggested in the past that the production of cents could be privatized. (I'm not necessarily convinced it's a good idea as I see lots of potential issues, but it was just an idea).
There would be certain ground rules surrounding size, composition, certain design elements, and country of manufacture, but I imagine that there would be plenty of companies willing to spend the money to advertise on private cents.
Since it costs more than a cent to manufacture a cent, profiting from seignorage would not be an issue.
@JBK said:
I've suggested in the past that the production of cents could be privatized. (I'm not necessarily convinced it's a good idea as I see lots of potential issues, but it was just an idea).
There would be certain ground rules surrounding size, composition, certain design elements, and country of manufacture, but I imagine that there would be plenty of companies willing to spend the money to advertise on private cents.
Since it costs more than a cent to manufacture a cent, profiting from seignorage would not be an issue.
Similar to Civil War Tokens?
Worry is the interest you pay on a debt you may not owe.
"Paper money eventually returns to its intrinsic value---zero."----Voltaire
"Everything you say should be true, but not everything true should be said."----Voltaire
Let's look at the real problem. The cost of making a cent has not gone up. The value of the dollar has gone down. Anyone who supports ending the cent just admits that they can care less what a dollar is worth.
Paper money eventually returns to its intrinsic value. Zero. Voltaire. Ebay coinbowlllc
@JBK said:
I've suggested in the past that the production of cents could be privatized. (I'm not necessarily convinced it's a good idea as I see lots of potential issues, but it was just an idea).
There would be certain ground rules surrounding size, composition, certain design elements, and country of manufacture, but I imagine that there would be plenty of companies willing to spend the money to advertise on private cents.
Since it costs more than a cent to manufacture a cent, profiting from seignorage would not be an issue.
@Elcontador said:
In the Falkland Islands, they put animals on coins. A sheep on one, a penguin on a second one, and some kind of goose on a third one. Not very political.
I'm sure many politicians will find something objectionable about any animal you propose.
-----Burton ANA 50 year/Life Member (now "Emeritus")
The politics it is one point and the second it is the cost of production. If in 1998 the cost of a quarter was $ 0.0168 from 1999 till to day the cost it is $ 0.0352 per unit so less profit for the Mint and the Reserve.
NEVER ARGUE WITH AN IDIOT.FIRST THEY WILL DRAG YOU DOWN TO THEIR LEVEL.THEN, THEY WILL BEAT YOU WITH EXPERIENCE. MARK TWAIN
@TwoSides2aCoin said:
Just put the silver and gold back into the coinage. Put the heads of the FED on it. I wouldn't care. That would be music to my ears, and would enrich us as a people, again.
It would impoverish the entire country.
WRONG...... We have deficit. Put a minus sign in front of your savings account.
With the modern economy, it seems like it wouldn't be illogical for the Mint to produce $2, $5, $10, and $20 coins (for actual commerce). I realize that most people would still prefer paper currency, but I still think it would be pretty cool to have higher denomination coins, like this Australian $5 bronze coin. (I know it's commemorative. I just used it for an example of a higher denomination coin)
Best regards, Dwayne F. Sessom Ebay ID: V-Nickel-Coins
@Elmhurst said:
The Mint can’t change anything. All changes to the coinage have to originated by and passed by Congress, so of course, nothing happens.
(2) The Secretary shall prepare the devices, models, hubs, and dies for coins, emblems, devices, inscriptions, and designs authorized under this chapter. The Secretary may, after consulting with the Citizens Coinage Advisory Committee and the Commission of Fine Arts, adopt and prepare new designs or models of emblems or devices that are authorized in the same way as when new coins or devices are authorized. The Secretary may change the design or die of a coin only once within 25 years of the first adoption of the design, model, hub, or die for that coin. The Secretary may procure services under section 3109 of title 5 in carrying out this paragraph.
There are certainly all kinds of other provisions in the law restricting changes... the very next paragraph defines the ASE, but just says
(3) have a design—
(A) symbolic of Liberty on the obverse side; and
(B) of an eagle on the reverse side;
A little further on you get to the 2027 Quarter/Half dollar sports coins...
(z) Redesign and Issuance of Quarter Dollars and Half Dollars Emblematic of Sports Played by American Youth.—
(1) Redesign of quarter dollars beginning in 2027.—
(2) Redesign of half dollars beginning in 2027.—
(3) Design generally.—The coins issued in accordance with this subsection shall meet the following design requirements:
(B) Quarter dollar obverse.—
The design on the obverse of the quarter dollars shall maintain a likeness of George Washington, and be designed in a manner so as to distinguish it from the obverse design used during the previous quarter dollars program.
(C) Half dollar obverse.—
The design on the obverse of the half dollar shall maintain a likeness of John Kennedy, and be designed in a manner so as to distinguish it from the obverse design used on the current half dollar.
That means the 2027 George can't be the Frasier portrait we are using now, and the 2027 Kennedy can't be the 1964-date portrait...
-----Burton ANA 50 year/Life Member (now "Emeritus")
"The design on the obverse of the quarter dollars shall maintain a likeness of George Washington, and be designed in a manner so as to distinguish it from the obverse design used during the previous quarter dollars program."
Do you think anyone would notice if we put Joseph Ducreux? (Instead of Washington)
Best regards, Dwayne F. Sessom Ebay ID: V-Nickel-Coins
Change design and send all the older ones into hoards.
That's what always happens.
I agree.
At this moment the only change is for metallic content of the coins. HR 1789 and S 672 The both pass in 2022. Do the president signed??? No idea. For this change the Mint look from 2020.
NEVER ARGUE WITH AN IDIOT.FIRST THEY WILL DRAG YOU DOWN TO THEIR LEVEL.THEN, THEY WILL BEAT YOU WITH EXPERIENCE. MARK TWAIN
@dsessom said:
With the modern economy, it seems like it wouldn't be illogical for the Mint to produce $2, $5, $10, and $20 coins (for actual commerce). I realize that most people would still prefer paper currency, but I still think it would be pretty cool to have higher denomination coins, like this Australian $5 bronze coin. (I know it's commemorative. I just used it for an example of a higher denomination coin)
If the last couple of renditions of the dollar coin are any indication, your proposed coins would be fun to collect and a total waste of money to mint.
@silviosi said:
At this moment the only change is for metallic content of the coins. HR 1789 and S 672 The both pass in 2022. Do the president signed??? No idea. For this change the Mint look from 2020.
@dsessom said:
With the modern economy, it seems like it wouldn't be illogical for the Mint to produce $2, $5, $10, and $20 coins (for actual commerce). I realize that most people would still prefer paper currency, but I still think it would be pretty cool to have higher denomination coins, like this Australian $5 bronze coin. (I know it's commemorative. I just used it for an example of a higher denomination coin)
Seems valid to me to also bring back the $500, $1000, and $5000 FRNs, while we're in the transitory inflation era.
@Elmhurst said:
The Mint can’t change anything. All changes to the coinage have to originated by and passed by Congress, so of course, nothing happens.
(2) The Secretary shall prepare the devices, models, hubs, and dies for coins, emblems, devices, inscriptions, and designs authorized under this chapter. The Secretary may, after consulting with the Citizens Coinage Advisory Committee and the Commission of Fine Arts, adopt and prepare new designs or models of emblems or devices that are authorized in the same way as when new coins or devices are authorized. The Secretary may change the design or die of a coin only once within 25 years of the first adoption of the design, model, hub, or die for that coin. The Secretary may procure services under section 3109 of title 5 in carrying out this paragraph.
We have some members on the CCAC here so it may be useful to include them in the discussions.
Comments
In the Falkland Islands, they put animals on coins. A sheep on one, a penguin on a second one, and some kind of goose on a third one. Not very political.
"Seu cabra da peste,
"Sou Mangueira......."
We can reduce the size of pennies, the US Mint can arbitrarily strike less of them like they do with halves and dollar coins and force merchants to round on their own.
I've suggested in the past that the production of cents could be privatized. (I'm not necessarily convinced it's a good idea as I see lots of potential issues, but it was just an idea).
There would be certain ground rules surrounding size, composition, certain design elements, and country of manufacture, but I imagine that there would be plenty of companies willing to spend the money to advertise on private cents.
Since it costs more than a cent to manufacture a cent, profiting from seignorage would not be an issue.
Similar to Civil War Tokens?
Worry is the interest you pay on a debt you may not owe.
"Paper money eventually returns to its intrinsic value---zero."----Voltaire
"Everything you say should be true, but not everything true should be said."----Voltaire
Let's look at the real problem. The cost of making a cent has not gone up. The value of the dollar has gone down. Anyone who supports ending the cent just admits that they can care less what a dollar is worth.
Paper money eventually returns to its intrinsic value. Zero. Voltaire. Ebay coinbowlllc
Yes, and Hard Times Tokens.
I'm sure many politicians will find something objectionable about any animal you propose.
ANA 50 year/Life Member (now "Emeritus")
Maybe one of us should run for president?
Type collector, mainly into Seated. -formerly Ownerofawheatiehorde. Good BST transactions with: mirabela, OKCC, MICHAELDIXON, Gerard
Why do we have to put anyone on our coinage? Liberty has been waiting for a longtime to get another go….
The politics it is one point and the second it is the cost of production. If in 1998 the cost of a quarter was $ 0.0168 from 1999 till to day the cost it is $ 0.0352 per unit so less profit for the Mint and the Reserve.
NEVER ARGUE WITH AN IDIOT.
FIRST THEY WILL DRAG YOU DOWN TO THEIR LEVEL.
THEN, THEY WILL BEAT YOU WITH EXPERIENCE.
MARK TWAIN
WRONG...... We have deficit. Put a minus sign in front of your savings account.
``https://ebay.us/m/KxolR5
The Mint can’t change anything. All changes to the coinage have to originated by and passed by Congress, so of course, nothing happens.
With the modern economy, it seems like it wouldn't be illogical for the Mint to produce $2, $5, $10, and $20 coins (for actual commerce). I realize that most people would still prefer paper currency, but I still think it would be pretty cool to have higher denomination coins, like this Australian $5 bronze coin. (I know it's commemorative. I just used it for an example of a higher denomination coin)
Dwayne F. Sessom
Ebay ID: V-Nickel-Coins
That's not strictly true. https://www.law.cornell.edu/uscode/text/31/5112
There are certainly all kinds of other provisions in the law restricting changes... the very next paragraph defines the ASE, but just says
A little further on you get to the 2027 Quarter/Half dollar sports coins...
That means the 2027 George can't be the Frasier portrait we are using now, and the 2027 Kennedy can't be the 1964-date portrait...
ANA 50 year/Life Member (now "Emeritus")
"The design on the obverse of the quarter dollars shall maintain a likeness of George Washington, and be designed in a manner so as to distinguish it from the obverse design used during the previous quarter dollars program."
Do you think anyone would notice if we put Joseph Ducreux? (Instead of Washington)
Dwayne F. Sessom
Ebay ID: V-Nickel-Coins
Change design and send all the older ones into hoards.
That's what always happens.
I agree.
At this moment the only change is for metallic content of the coins. HR 1789 and S 672 The both pass in 2022. Do the president signed??? No idea. For this change the Mint look from 2020.
NEVER ARGUE WITH AN IDIOT.
FIRST THEY WILL DRAG YOU DOWN TO THEIR LEVEL.
THEN, THEY WILL BEAT YOU WITH EXPERIENCE.
MARK TWAIN
If the last couple of renditions of the dollar coin are any indication, your proposed coins would be fun to collect and a total waste of money to mint.
Both were introduced and no action was taken.
https://www.congress.gov/bill/117th-congress/senate-bill/672
https://www.congress.gov/bill/117th-congress/house-bill/1789
ANA 50 year/Life Member (now "Emeritus")
Seems valid to me to also bring back the $500, $1000, and $5000 FRNs, while we're in the transitory inflation era.
``https://ebay.us/m/KxolR5
We have some members on the CCAC here so it may be useful to include them in the discussions.