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

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