Hilton Ranch Road Community Organization

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COIN RESEARCH

Please turn in your "spare change" that clogs your space.  It could be better invested and would reduce the metal consumption by the US Treasury, and would save the government more money than the entire Rosemont payroll over the life of the  mine.

Read about and support the new HR-5512 act in congress  read about HR 5512 - the Coin Modernization and Taxpayer Savings Act of 2008

Interesting points made in the bill:

"Given the current cost to make a penny and volume of pennies minted, by simply reducing penny production costs to face value, the United States will save nearly $600,000,000 dollars in the next 10 years alone."

"Commodity metal prices are often cyclical in nature, and can be inflated by speculation, so it is  important that a solid trend in the rising price of a commodity  metal be established before any change in the metal content of a coin is made."

From the Copper.org report in 2001 Read the entire report

Sheet, Strip and Plate
These products make up about 16 percent, some 1.5 billion pounds, of all copper-containing products consumed in the United States in 1999. That represents a 13 percent move upward from the previous year and a general upward trend averaging 5.2 percent annually since 1992. The increase is due largely to coinage production by the U.S. Mint and an accelerated demand for electronics and building construction. Coinage, alone, grew an impressive 86 percent in one year, making it the second largest market in this product category, attributable mainly to the new state quarters and the new dollar coins. Architectural product numbers, up 12 percent from 1999, continue at near record levels.

More Coin Facts

The 1909-1982 Cent is 95% copper. Current value of materials is almost 2.5 cents 

The 1946-2008 Jefferson nickel is 75% copper  Current value of materials is just over 6 cents

To learn about the value of all coins click here

it takes 154 pennies made from 1909 to 1982 for a pound of copper , for  pennies made after 1982 it takes 7296 for a pound of copper.  91 Jefferson nickels contain a pound of copper  Click here to find out

Coin Production Facts  To see all years production figures click here

2007 Circulating Coin Production (in millions)
January 2007 through December 2007
  1 ¢  5 ¢  10 ¢  25 ¢  50 ¢  1 $ - GD  $1 Coin Total: 
 Denver   3638.80 M   626.16 M   1042.00 M   1456.24 M    4.10 M    5.74 M   468.23 M   7241.27 M 
 Philadelphia   3762.40 M   571.68 M   1047.50 M   1340.40 M    4.10 M    3.64 M   474.88 M   7204.60 M 
 Total:   7401.20 M   1197.84 M   2089.50 M   2796.64 M    8.20 M    9.38 M   943.11 M   14445.87 M 
 $1 Coin – Presidential $1 Coin
 GD - Sacagawea / Golden Dollar
Pennies after 1982  
Number per pound 182.4
percent copper 2.50%
number pennys for pound of copper               7,296.00
Pennies produced in 2007 7,401,000,000
Lbs copper used in 2007 penny production         1,014,391.45
   
Pennies from 1909 to 1982  
Number per pound 147.0967742
percent copper 95.00%
number pennys for pound of copper 154.8387097
   
   
Jefferson Nickels  
Number per pound 91.2
percent copper 75.00%
number nichels for pound of copper 121.6
nickels produced in 2007  1,197,000,000.00
Lbs copper used in 2007nickel production         9,843,750.00
   
   
2007 total Lbs of copper used in production of pennies and nickels       10,858,141.45
Total Pennies produced 1983-2007 185,249,477,634
Total pounds of copper used 25,390,553
Total Pennies produced 1909-1982 184,114,360,036
Total pounds of copper used 1,189,071,909
Total Jefferson nickels produced 51,660,600,017
Total pounds of copper used 424,840,461
Total pounds of copper used 1,639,302,923

 

Hilton Ranch Road Community Organization

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‘All that is necessary for the triumph of evil is that good men do nothing’

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