Wednesday, May 21, 2008

First Orchid Series Currency Notes ez-link Cards

14 May 2007 Wednesday… The Singapore Mint is pleased to announce the launch of the first ever limited edition Orchid Series Currency Notes ez-link Cards! The splendour of the nine different orchid hybrids in the first series currency notes is beautifully captured in this set of specially created ez-link cards.

Source: Dig4coins.Com

Tuesday, May 20, 2008

Comparison of Current and 2007 Costs for Producing Pennies and Nickels

With the continuous fluctuation of metals in 2008, the final figures this year will undoubtedly suffer changes. Still the costs of producing coins last year registered much worse results after copper, zinc and nickel reached their peak value.

The following fiscal costs in striking penny and nickel were presented to the Subcommittee on Domestic and International Monetary Policy, Trade and Technology by the United States Mint Director Ed Moy on March 11, 2008:

* Penny costs 1.67 cents
* Nickel costs 9.53 cents

Source: Dig4coins.Com

Monday, May 19, 2008

Commemorative Coins and Coin Sets

The Central Bank of Ireland are pleased to announce the issue of the 2008 Annual Mint Set. This is the sixth and final mint set in the 'Heritage of Ireland' series. This set features the ancient passage tomb at Newgrange. Built over 5000 years ago, the burial chamber is entered through a long stone passage with the whole area being covered by a huge mound. The tomb is bordered by 97 kerb stones bearing decorative patterns in the Megalithic art style.

Source: Dig4Coins.Com

Saving Costs for Producing Nickel and Penny Coins

Let's start with the definition of the Coin Modernization and Taxpayer Savings Act of 2008, which is a document aimed towards changing the metals used in producing pennies and nickels into steel.

The Act was developed to save the production costs of coins in the United States. According to the calculations the US Treasury will be able to save a huge sum of money: $30.34 millions for pennies and $21.92 for nickel. It is worth mentioning that today metals applied in the production of coins (i.e. copper, zinc and nickel) show instability on the market.

The US Mint spends 1.26 cents for producing one penny and 7.7 cents for producing a nickel. Among other costs there are: 4 cents for a dime, 10 cents for a quarter and 16 cents for one dollar coin.

Source: Dig4coins.Com

Wednesday, May 14, 2008

Man Files a Lawsuit Against Treasury Secretary Asking for More Commemorative Coins

A man from Florida sued the US Treasure Secretary Henry Paulson stating that before George Washington there were 10 men who had the same powers as the president of the United States. The man wants these men to be added into the Presidential $1 coin series.

According to Stanley L. Klos of Palm Beach the ten men were: Samuel Huntington, Thomas McKean, John Hanson, Elias Boudinot, Thomas Mifflin, Richard Henry Lee, John Hancock, Nathanial Gorham, Arthur St. Clair and Cyrus Griffin.

Full story: dig4coins.com

Monday, May 12, 2008

United States Mint Spotlights Presidential $1 Coin Products in May

Beginning May 13, 2008, the United States Mint is shining the spotlight on its Presidential $1 Coin products. Here's what collectors can expect.

On Tuesday, May 13, the United States Mint will release a second option in the collection, the United States Mint Presidential $1 Coin Historical Signature SetTM, in honor of John Adams, our Nation's second President. This latest product includes a proof version of the John Adams Presidential $1 Coin and an intaglio print of John Adams from the Bureau of Engraving and Printing. The intaglio print is visible from the cover of the textured, leather-like folder of the United States Mint Presidential $1 Coin Historical Signature Set. Inside the folder is the official John Adams Presidential signature, courtesy of the White House Historical Association. A Certificate of Authenticity accompanies each set.


The first option in the collection, the United States Mint Presidential $1 Coin Historical Signature Set - George Washington, is also available.

To commemorate the accomplishments of John Quincy Adams-our Nation's sixth President-the United States Mint will offer bags and rolls of Presidential $1 Coins bearing his image at noon (ET) on May 15, 2008.

The John Quincy Adams Presidential $1 Coin will be available in 250-coin bags offered at $319.95 and in 25-coin rolls offered at $35.95. The bags and rolls contain coins that were struck at the United States Mints at Denver and Philadelphia for use in everyday financial transactions. The bags and rolls of John Quincy Adams Presidential $1 Coins display the mint of origin, the monetary value of the contents ($25-rolls, $250-bags), and the genuine United States Mint logo.

Full story at: www.usmint.gov

Wednesday, May 7, 2008

First US City Powered by the Wind

Rock Port, located in Missouri, represents the first city in the United States that is being fully powered by wind. Loess Hill Wind Farm, having four 1.25 MW wind turbines is able to generate 16 gigawatt hours (16 million kilowatt hours) of electricity each year. The town houses 1,400 people. Both businesses and individuals annually consume about 13 gigawatts hours of electricity.

Missouri Public Utility Alliance is the electric company that will acquire excess electricity when available. Afterwards they will supply needed power in case there is not enough wind energy. Extra wind energy will not be stored. Instead it will be fed into Rock Port's high voltage line, thus making it an intermittent source of power.

Full story at: CleanTechnica.Com