Coin Production Costs Cuts for Nickels and Pennies


	Coin Production Costs Cuts for Nickels and Pennies

businessschool

5-19-2008 10:01 AM

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tags:

collector coin committee, collector coin, silver coin

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<div style="margin: 12px 0px; font-family: arial; color: #333333; background: #ffffff; border: solid 4px #e5e5e5; width: 100%; clear: left;"><div class="CM_CTB_Content_Wrap" style="margin: 0px; padding: 0px;background-color: #ffffff;"><div style="border-bottom: solid 1px #dcdcdc; white-space: nowrap; margin-bottom: 8px; background-color: #eeeeee ;background-image: url(http://www.clipmarks.com/images/source-bg.gif); background-repeat: repeat-x; height: 24px; line-height: 24px; vertical-align: middle; padding-bottom: 4px; color: #666666; font-size: 10px;" ><a href="http://clipmarks.com/clip-to-blog/" title="see clips that are hot right now"><img src="http://content.clipmarks.com/blog_embed/3643349f-003c-4bdd-965c-af8fd892f616/9FF78167-876F-4837-991D-92F1836E26C6/" alt="" width="19" height="19" border="0" style="vertical-align: middle; margin: 0px 4px; display: inline; border: none; float:none;" /></a>clipped from <a title="http://blogs.24.com/ViewBlog.aspx?blogid=133f71bb-ade0-4635-87f0-ab969bd93cf1" href="http://blogs.24.com/ViewBlog.aspx?blogid=133f71bb-ade0-4635-87f0-ab969bd93cf1" style="font-size: 11px;">blogs.24.com</a></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://blogs.24.com/ViewBlog.aspx?blogid=133f71bb-ade0-4635-87f0-ab969bd93cf1"><table background="undefined" bgcolor=""><tr><TD class="postText" colspan="2"><P><DIV><A href="http://www.rahapaja.fi/en/documents/2245/Waltari1p+luonnos.jpg" _fcksavedurl="http://www.rahapaja.fi/en/documents/2245/Waltari1p+luonnos.jpg"><IMG width="200" height="106" align="left" src="http://www.rahapaja.fi/en/documents/2245/Waltari1p+luonnos.jpg" _fcksavedurl="http://www.rahapaja.fi/en/documents/2245/Waltari1p+luonnos.jpg" /></A>The Coin Modernization and Taxpayer Savings Act of 2008 is the one
that looks forward to change the composition of metals within a coin
into steel. It is worth mentioning that currently pennies and nickels
are made using such metals as copper, zinc and nickel.</DIV>
<BR /><DIV>
After the metal composition is changed the US Treasury will
significantly cut costs for coins' production. Some estimations
regarding the costs for coins production last year and this year show
that new pennies will save $30.34 millions and new nickles - $21.92. </DIV>

Currently the United States Mint has to spend 1.26 cents in order to
produce one penny and 7.7 cents for making a nickel. Other costs
include: 4 cents for a dime, 10 cents for a quarter and 16 cents for
one dollar coin.
</p> <P>Source: <A href="http://dig4coins.com/news/world-mints/collector-coin-committee-announces-silver-collector-coin-to-be-issued-in-honour-of-mika-waltari.html" _fcksavedurl="http://dig4coins.com/news/world-mints/collector-coin-committee-announces-silver-collector-coin-to-be-issued-in-honour-of-mika-waltari.html">Dig4coins.Com</A><BR /></p> </TD></tr></table></blockquote></div><div style="margin: 0px 6px 6px 4px;"><table style="font-size: 11px;border-spacing: 0px;padding: 0px;" cellpadding="0" cellspacing="0" width="100%"><tr><td style="background:transparent;border-width:0px;padding:0px;">&nbsp;</td><td align="right" style="background:transparent;border-width:0px;padding:0px;width:107px" width="107"><a href="http://clipmarks.com/share/9FF78167-876F-4837-991D-92F1836E26C6/blog/" title="blog or email this clip"><img src="http://content9.clipmarks.com/images/c2b-foot.png" border="0" alt="blog it" width="107" height="17" style="border-width:0px;padding:0px;margin:0px;" /></a></td></tr></table></div></div>

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