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Pillar of the Community
Canada
2805 Posts |
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Im completely opposed to cheaper metals, coins should feel like coins not plastic. Id rather see the penny die than have some weightless penny. Copper has a density of 8.96 g/cm^3, zinc's at 7.14 g/cm^3. Titanium has a low density (4.506 g/cm^3) and yet it trades for $10.25 a pound today, surpassing copper's $3.17 per pound. Then there's radium, which has the unremarkable density of 5.5 g/cm^3 and yet trades for about $100 per milligram (or $50,000,000 per pound, if any bit of pure radium large enough to be seen wouldn't generate enough heat to vaporize itself). You might associate zincolns or MPPS with "cheapness", but scientifically, any correlation between density and value exists entirely in your head. |
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Bedrock of the Community
13014 Posts |
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ou might associate zincolns or MPPS with "cheapness", but scientifically, any correlation between density and value exists entirely in your head. I know metal isn't valued by its density that wasnt my point. My point is a coin should have some weight to it. Ultralight metals (cost wouldnt allow any you named would be used for circulation anyway) feel like play money not a coin when it doesn't feel like anything is in your hand If your going that route you might as well go with go cheap plastics that you could easily mass produce and really cut back on costs Edited by basebal21
04/28/2013 02:59 am
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Valued Member
United States
186 Posts |
The penny elimination should be left up to individual stores if they want to round up or down their prices and not have congress decide on the cent. If all stores join together on doing this or a big portion did, then the mint would not have to make so many pennies..... I would doubt if this would ever happen because profit margins are so small and what looks better ..... $1.49 or $1.50
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Pillar of the Community
Canada
746 Posts |
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Pillar of the Community
 708 Posts |
What about steel halves, dollar and (possibly $2 coins in the future) As far as I know, even though Canadian halves are made in small numbers, like U.S. halves are now, and the U.S. doesn't have a $2 coin (yet) Canadian half, $1 and $2 coins are now made out of mulyi-plated steel, plated with copper, nickel and zinc, I believe (although I don't know what order of the metals that are plated onto their steel coins)
Also, won't steel coins mess up vending machines and cause major changes to be needed? Because I was thinking that the vending industry might have to replace major parts on their machines, and I thought while they were doing this, would be the perfect time to try to get them to upgrade to accept and dispense halves just like any other coin, seeing as they would be doing other major work to their machines at the time, so, whats a little more work to possibly increase profit even if only slightly?
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Bedrock of the Community
13014 Posts |
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Has anyone seen this US article posted today? I really hope that fails. That would kill modern coin collecting imo. The steel pennies are amazing because of their story behind them, theyre also really hard to find a true beauty. Without that story however they lose their uniqueness |
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Moderator
 United States
189767 Posts |
A very bad idea.  Even worse, the bill requires changing the dime and quarter as well. I repeat... Kill off the cent and dollar note now. Considering killing off the nickel in the next few years. For now, leave everything else alone. Wait a few years before trying to swap the two dollar note for a two dollar coin (Canada waited nine). |
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Pillar of the Community
708 Posts |
jbuck,
And I have something to repeat:
Get rid of nickels, quarters, and reintroduce the 20 cent coin to replace the quarter (you have to get rid of the quarter or else you can't make change for them without the nickel), and round to the nearest dime, get the half back into circulation, AND issue new $200 bills and reissue the $500 and $1,000 bills, then, around the year 2020 issue a $2,000 bill and reissue the $5,000 and $10,000 bills. Maybe around 2020, also kill the $5 bill for a $5 coin as well.
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Pillar of the Community
United States
4901 Posts |
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Pillar of the Community
708 Posts |
Foxwoods Man,
That picture made me laugh. Ha ha ha!
Anyway, any thoughts on why they don't want to make steel halves and steel dollar coins as well? I know I already asked this, but no one seemed to have an opinion on it. Even though Canada now makes all of their general circulation coins out of multi-plated steel, including their halves, $1 and $2 coins, even though the Canadian half seems to have even less of a circulation rate and availability than U.S. halves and $1 coins do, why not also make the limited amount of U.S. halves and dollar coins the U.S. Mint mints each year out of steel as well?
I'm not so totally sure about supporting steel dimes and up, but maybe steel cents and nickels, or why not stainless steel coins? Wouldn't stainless steel be cheaper than copper, zinc and nickel coins? (I know there would be no way to save money on minting ANY composition cent, but still, if we are going to mint them regardless, how about stainless steel for ALL coin denominarions, including a copper-plated stainless steel cent, nickel-plated stainles steel nickels, dimes, quarters and halves, and brass-plated stainles steel dollar coins?)
Just my .02
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Pillar of the Community
Canada
2805 Posts |
Our multi-ply plated steel holds up pretty well. In spring, you can usually find a few dimes that have rusted at points of high relief (mostly the date), but I haven't seen any really wrecked ones. But I don't get how magnetic coins would "ruin the uniqueness" of those steel cents - they'd still be the only cents to be steel-gray on the outside...
Keeping the magnetism of our coins "standard" has been a lost cause since 1922, though. Since then, the nickel's gone through about six composition changes, the Mint made steel-clad and zinc-clad pennies in the same year for most of the last decade, and once-silver coins are now magnetic nickel or steel. Even more annoying, the nickel halves and voyageur dollars are smaller than their silver predecessors, making roll-searching a waste of time (if you could even find a voyageur dollar roll in the first place!). At least all this re-adjusting has made room for as many stupid "change" puns as you can think of.
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Pillar of the Community
708 Posts |
nalaberong,
I figured your Multi-ply steel coins worked well, and I did have a concern about rust, with the base metal being steel, but I figured obviuosly, the Royal Canadian Munt knows what they are doing, and what metals to plate the steel with, which is why, I kind of think that the U.S. should do the same.
As for the steel 1943 war Wheaties, they would still be unique, seeing as, we would have COPPER-plated steel cents. NOT "zinc"-plated steel this time, and also, there are places that already sell copper-plated, zinc-plated steel 1943 pennies anyway, so whats the big deal?
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Bedrock of the Community
13014 Posts |
Quote:
But I don't get how magnetic coins would "ruin the uniqueness" of those steel cents - they'd still be the only cents to be steel-gray on the outside... Because those cents were made that way because of a metal shortage due to WWII and needing the metals for ammo. There is a very good story behind their existence as opposed to just because we wanted too. Making everything else look like them because we want to takes away from their uniqueness because all coins would look like them instead of being a stand alone. @Fox No one wants all steel coinage because itd all look the same and not hold up that well. The Steel cents are really hard to find that look great that havent been replated compared to their peers. You can find great looking Walkers for example from the same year pretty easy. But also when your talking about larger steel coins it will look more like you just ripped off a hardware store than anything especially when you talk about halfs which the public doesn't readily accept in the first place. Theres no reason to touch the half in terms of composition anyway since the mint sells them at a collectors premium, quarters and dimes make money as well when theyre minted so the need isn't there either. |
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Pillar of the Community
708 Posts |
basebal21,
All of our silver-colored cupro-nickel coins look about the same as well, whats the point of saying nickel-plated steel would look any different? It would be pretty close in color if nickels, dimes, quarters and halves were multi-plated like Canada's coins, and maybe they could even cupro-nickel-plate them, if its so sentimental to most people.
But like I said, why not STAINLESS steel so that the coins would not rust if you used the right grade of stainless. If they want to save money, I don't see why they can't have cheaper metals that at least don't rust when the plating wears of, like steel would.
Also, if the quarter and dime are still making the U.S. Mint money by making them in their current composition (which I KNOW they are) why would these Congess people be trying to change them to steel? The only reason I read was, to save money, but that really doesn't justify the change, I'll be honest with you and agree with you there.
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Bedrock of the Community
13014 Posts |
No offense to the Canadas but their coins dont feel much like coins with how light some of them are. I personally like money that feels like money and would be done collecting moderns series if they make them into those light weight coins. More and more people are using credit cards anyway and some massive over haul may just push more people to that and/or stop people from collecting moderns.
Theres no good reason why congress does half the things they do. Maybe theres a steel plant in his district, maybe he put all the coins in there knowing that people would oppose it and he could "compromise" removing some coins from it getting exactly what he wanted in the first place. Theres no serious movement about it anyway, its like two people who introduced it and this doesn't even crack the top 100k for weirdest bills that have been proposed.
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Replies: 20 / Views: 3,518 |
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Posted 04/28/2013 02:56 am
