Comments on: House Committee Drafts Coinage Oversight Plan

By: Mr. Jimmy

Mr. Jimmy — Wed, 23 Mar 2011 14:53:39 +0000

The point is definitely moot !

Regardless of metal compositions, we are losing the inflation / deflation battle. If you think the Fed is going to change anything, even interest rates upward, you’ve been keeping your head in the sand.
Since the dollar is worth ONLY 2% of it’s value in less than 100 yrs., any are truly an illusion. eliminate the FRN, cent & “nickel”, would be a start

By: Vachon

Vachon — Wed, 23 Mar 2011 13:25:14 +0000

I’ve said this before, but what would seriously be wrong with working to reverse the ravages of inflation and restore the purchasing power of our coins? That would make compositional changes moot. How about Congress passing a law making that the mandate of the Federal Reserve instead of the illusory price stability and employment requirements they have now? Would a controlled 1-3% annual deflation really actually hurt us in the end?

By: jimmy

jimmy — Wed, 23 Mar 2011 13:18:29 +0000

since the cent fabrication cost is already over one cent. no matter what metal you substitute. it will be over one cent. the only way is to eliminate it. or a 100%, same size aluminum with copper plated. still it will be over one cent. isn’t it?. while the nickel is much easier to replace other metals.