http://www.coinnews.net/2008/03/10/us-mint-director-ed-moy-to-testify-tuesday-about-metallic-composition-of-coins-3983/ CoinNews delivers breaking coin news, unique coin articles, coin news videos and free numismatic services for new and experienced coin collectors. Mon, 13 Feb 2012 22:25:46 +0000 hourly 1 http://www.coinnews.net/2008/03/10/us-mint-director-ed-moy-to-testify-tuesday-about-metallic-composition-of-coins-3983/comment-page-1/#comment-3057 Fred Budetti Mon, 21 Jul 2008 01:35:21 +0000 http://www.coinnews.net/2008/03/10/us-mint-director-ed-moy-to-testify-tuesday-about-metallic-composition-of-coins-3983/#comment-3057 It is obvious that the US mint can no longer support the rising cost of production materials without added value. The more likely solution for this problem would be to eliminate the penny and the nickel. I believe it to be in the best interest of all to do so as we have eliminated factional coinage in the past without any repercussions. It will also reduce the amount of pocket change and make our purchases simpler. For those within the Numismatic world it will be just another day in history while they profit from the increasing value of the newly extinct coins. It is time to face the facts.....inflation is a part of economics that justifies today and there isn't any reason to be concerned about tomorrow ......like life itself ......it will find a way to survive us. It is obvious that the US mint can no longer support the rising cost of production materials without added value. The more likely solution for this problem would be to eliminate the penny and the nickel. I believe it to be in the best interest of all to do so as we have eliminated factional coinage in the past without any repercussions. It will also reduce the amount of pocket change and make our purchases simpler. For those within the Numismatic world it will be just another day in history while they profit from the increasing value of the newly extinct coins. It is time to face the facts…..inflation is a part of economics that justifies today and there isn’t any reason to be concerned about tomorrow ……like life itself ……it will find a way to survive us.

]]> http://www.coinnews.net/2008/03/10/us-mint-director-ed-moy-to-testify-tuesday-about-metallic-composition-of-coins-3983/comment-page-1/#comment-1040 Koichi Ito Tue, 11 Mar 2008 08:56:19 +0000 http://www.coinnews.net/2008/03/10/us-mint-director-ed-moy-to-testify-tuesday-about-metallic-composition-of-coins-3983/#comment-1040 Maybe should abolish penny as make them out plastic and make nickel (5 cent piece) out of aluminum. Other suggestion is to make dime, quarter, and half dollar out of nickel plated steel. Maybe should abolish penny as make them out plastic and make nickel (5 cent piece) out of aluminum. Other suggestion is to make dime, quarter, and half dollar out of nickel plated steel.

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