PREV ARTICLE       NEXT ARTICLE       FULL ISSUE       PREV FULL ISSUE      

V9 2006 INDEX       E-SYLUM ARCHIVE




The E-Sylum:  Volume 9, Number 20, May 14, 2006, Article 12

U.S. NICKEL AS VULNERABLE AS THE CENT

Dick Johnson writes: "You have been reading articles here in The
E-Sylum on the vulnerablity of the U.S. cent in recent issues.
That was the first shoe to drop. Now for the second: the U.S.
nickel is as vulnerable as well!

An article in an issue of USA Today last week quoted a U.S. Mint
spokesman with even worse news.  "The Mint estimates it will cost
1.23 cents per penny and 5.73 cents per nickel this fiscal year,
which ends Sept. 30. The cost of producing a penny has risen 27%
in the last year, while nickel manufacturing costs have risen 19%."

I had predicted there would be no cent struck in 2010. My thought
was that Congress would support the cent through 2009 because they
have already passed legislation for the Abraham Lincoln Bicentennial
-- and the Lincoln Cent Centennial -- when the 2009 cent coin was
to be struck with four different reverses.

Now we have the problem with the nickel as well.  Get ready to round
up, folks. Ultimately the dime will be the smallest circulating coin i
n America.  It is only a matter of time.

If you wish to read that USA Today story, click on: Full Story

  Wayne Homren, Editor

Google
 
coinbooks.org Web
The Numismatic Bibliomania Society is a non-profit organization 
promoting numismatic literature. See our web site at coinbooks.org.

To submit items for publication in The E-Sylum, write to the Editor 
at this address: whomren@coinlibrary.com

To subscribe go to: https://my.binhost.com/lists/listinfo/esylum
Copyright © 2005 The Numismatic Bibliomania Society.

PREV ARTICLE       NEXT ARTICLE       FULL ISSUE       PREV FULL ISSUE      

V9 2006 INDEX       E-SYLUM ARCHIVE


Copyright © 1998 - 2005 The Numismatic Bibliomania Society (NBS)
All Rights Reserved.

NBS Home Page
Contact the NBS webmaster