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Change for a penny?

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moh malekpour

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May 25, 2002
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California
With pennies, nickels costing more to make than they're worth, Congress considers metal makeover
Steel pennies in 180 days
Enter the Coin Modernization and Taxpayer Savings Act of 2008, the subject of Tuesday's hearing. It would give the Treasury authority to set the weight and composition of any coin whose production costs exceed its face value for five consecutive years. It also requires the Mint to start producing a primarily steel penny within 180 days of the bill becoming law, so taxpayers would save money almost right away.

The bill requires any new coin to work in existing vending machines. That's a concession to the National Automatic Merchandising Association, which opposed an earlier version for fear that it could force hundreds of dollars in upgrades to each of the nation's more than 6 million dispensers of soda, snacks and other items. An association lobbyist testified in favor of the revised bill on Tuesday.
 

Mountain Man

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Georgia
That's kind of stupid... I've yet to see a vending machine that accepts pennies!
 

Tom Woolford

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Nov 20, 2005
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Florida
"That's a concession to the National Automatic Merchandising Association, which opposed an earlier version for fear that it could force hundreds of dollars in upgrades to each of the nation's more than 6 million dispensers of soda, snacks and other items. "

Funny, they sure didn't have any problem changing the machines when they wanted to charge a Buck or more, and wanted to accept bills.
 

Restrain

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Jan 22, 2002
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Florida
It's not just pennies. This would allow the modification of all coins. That's why they were upset. Had a lot of problems the first time they redid the quarters to a sandwich-style coin.
 

murray stroupe

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Apr 27, 2005
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General Public
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Tennessee
Change

Its not just pennies as RS wrote.

Also can't blame them one bit;
land of Lincoln residents dont want them messing with copper coins.And some of the old time steel pennies propably still worth much more ,
than any penny, of common mint.
 

Big ole Boy

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Dec 6, 2003
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General Public
State
Tennessee
roll a fractional amount of gold into the coin ...........

... thats the only way to reset the dollar ....
 
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