I’ll Take Wasteful Government Spending for $100, Alex - Tire Review Magazine

I’ll Take Wasteful Government Spending for $100, Alex

The U.S. Mint announced that our one-cent piece will get a face-lift next year to commemorate the bicentennial of Abraham Lincoln's birth.

The upgraded coins will debut on Presidents’ Day next February. The new look actually only impacts the reverse side of the coin, where the old Lincoln Memorial view will be replaced by one of four images representing Lincoln’s life: a log cabin signifying his birthplace, a portrait of young Lincoln studying, a view of Lincoln as a young Illinois state senator, and a half-built Capitol to symbolize his efforts to preserve the union.

Apparently the Mint will also add a Lincoln commemorative dollar coin next year.
Celebrating our 16th president is all well and good, but consider this:

Making pennies is expensive. Zinc and copper prices have gone through the log cabin roof in recent years, and it now costs 1.4 cents to make the 1-cent coin. Thus far, the Mint has produced $36 million worth of the new pennies at a cost of $50.4 million.

Meanwhile, some folks are breaking the law by melting pennies down to reclaim the copper.

If you have comments to share, send to me at [email protected].

– Jim Smith

You May Also Like

How to know whether to resurface or replace brake rotors

The rise of front-wheel-drive vehicles in the mid-1970s led to the emergence of hubless or “hat” style rotors.

TR-Continental-brakerotors

Remember the island of misfit toys from 1964’s Rudolph the Red-Nosed Reindeer? All those sad toys were thrown away for being not good enough or broken, when in reality all they needed was a little love. Well, just imagine this concept but for brake rotors. Constantly, brake rotors are thrown away to scrap piles. What some technicians may think needs replacement may just need to be resurfaced. Let’s talk about what technicians should look out for before sending brake rotors to the island of misfit parts. 

Hercules Tire reveals spring rebate on five tire lines

From now until May 15, customers who purchase four qualifying Hercules Tires may be eligible to receive up to a $70 rebate.

hercules-spring-us-rebate
Michelin leadership talks EVs, sustainability and airless tires

Executives discuss the future of sustainable tire manufacturing, the relationship between EVs and tire waste and what’s next for airless tire technology.

Michelin-Q&A-1400
Kenda Tires becomes Cleveland Cavaliers associate partner for NBA playoff games

The tire manufacturer will be advertised on the court, with Kenda-branded rally towels, and will appear during local pre-game programming.

Kenda-Tire-Sir-CC-High-Fives-1400
Nokian Tyres releases 2023 sustainability report

Highlights of the company’s sustainability actions in 2023 include a commitment to achieve science-based net-zero emissions by 2050.

Nokian-Tyres-sustainability-report

Other Posts

Yokohama Rubber’s Advan Sport V107 tires to be used as OE on new Mercedes

The Mercedes-AMG CLE 53 4Matic+ Coupé is being fitted with 265/40ZR19 (102Y) front tires and 295/35ZR19 (104Y) rear tires.

Advan-Sport-V107-Yokohama
MatraX Tyres on navigating the diverse needs of the U.S. marketplace

We talk about how MatraX Tyres is adapting its products for U.S. customers and the challenges associated with U.S. distribution.

WT-YT-matraXtire-1400
MatraX Tyres on navigating the diverse needs of the U.S. marketplace

We talk about how MatraX Tyres is adapting its products for U.S. customers and the challenges associated with U.S. distribution.

WT-YT-matraXtire-1400
EV tire satisfaction gap widens as wear rates increase, J.D. Power study finds

The J.D. Power study shows that EV owners have similar expectations of tire wear as owners of gas-powered vehicles do.