Coinage Composition -- Comments Please

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Author	Replies: 5 / Views: 1,072
TheForce Pillar of the Community United States 4870 Posts	Posted 02/26/2007 3:40 pm I got to thinking, since copper and nickel are increasing in value, why not change the composition of our coinage? For Canadian quarters for example, they use .940 steel, .038 copper, and .022 nickel. Would the United States ever consider something like this and use steel? Could it be cost effective and worthwhile to do? I understand vending machines would probably need to be recalibrated to accept the new coin. What are your thoughts? Edited by TheForce 02/26/2007 7:08 pm Report this Post to the Staff

Spider5689 Pillar of the Community United States 2269 Posts	Posted 02/26/2007 8:05 pm As of right now the current composition for the dime, quarter, and half dollar are safe. I feel if we want to save either the penny or the nickel, we must act soon and find an alternative metal. I don't know much about the composition for the Canadian coins, but if it holds up, then it should be considered as a replacement metal in the future. Report this Post to the Staff
TheForce Pillar of the Community United States 4870 Posts	Posted 02/26/2007 8:12 pm If the government wants to save money I feel this would be a worthy undertaking. I have a strong feeling copper and nickel will remain strong. Steel could be the answer. Report this Post to the Staff
Dockwalliper Valued Member United States 342 Posts	Posted 02/27/2007 01:08 am If we just go to the plated steel for the cent theres no issue with vending machines. Report this Post to the Staff
TheForce Pillar of the Community United States 4870 Posts	Posted 02/27/2007 09:21 am The bigger concern would be the larger denomination coins. I think plated steel is the way to go. Report this Post to the Staff
TheForce Pillar of the Community United States 4870 Posts	Posted 03/07/2007 3:48 pm Any thoughts on this? Report this Post to the Staff
	Replies: 5 / Views: 1,072

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