CTC’s efforts on the two-year contract will be to reduce production costs for all coins in circulation.
In its R&D, the company will consider:
- costs of material, fabrication, minting and distribution
- commercial and public acceptance
- the effect of new materials on the suppliers of current materials
- the availability and source of raw metals
- resistance to counterfeiting
“This is a great opportunity for CTC to implement our materials expertise, currently used to solve Department of Defense problems, in an entirely new area, ” said Dr. Joseph R. Pickens, CTC chief scientist and technical lead for the new contract.
“CTC will undertake studies to identify issues with current coinage materials and recommend potential alternative metallic materials for future coins. Our metallurgists will consider a wide range of coinage alloys andabrication processes and propose their best recommendations to the U.S. Mint.”