The U.S. Mint is scheduled to deliver its long-awaited report to
Congress this week that is expected to address recommendations
for the future of the penny and nickel.
As you probably know, the cost of minting these two coins is
more than double what they're worth. Given the current state of the
economy and the national debt, there's not much
of an appetite by the public or politicians for
continuing to lose money on these denominations.
So what's going to be in the report? What will the
Mint recommend to Congress? I tried to pry that out of
Richard Peterson, the acting director at the Mint, this summer
during an open forum he held at the World's Fair of Money in
Philadelphia. Unfortunately, Peterson wasn't biting - he
politely declined my invitation to provide ANA members in
attendance with a preview of what would be in the report.
So, until the report hits, all we can do is guess what will be
in it. Do you have a guess? Let us know in the survey below what
you think will be in the report.
