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House Authorizes Use Of Cheaper Metals In Coins

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Pillar of the Community
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 Posted 05/10/2008  9:11 pm  Show Profile   Bookmark this reply Add XavierOfGreen to your friends list
this also means that like in 1982, 2009 may see even more varieties of pennies than are currently planned
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 Posted 05/10/2008  9:15 pm  Show Profile   Bookmark this reply Add Eyeluvcoins to your friends list
Great insight, XavierOfGreen !
Thanks!
Laura
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 Posted 05/10/2008  9:45 pm  Show Profile   Bookmark this reply Add KurtS to your friends list
XOG--
Well, as a balance, Coinstar operates in Canada too and seems to handle the magnetic currency OK.
Metal change is inevitable. I'm not sure I favor steel, but Canada has a workable solution.
I might favor some kind of Aluminum/bronze/etc. alloy that has better ductility and less corrosion.
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 Posted 05/10/2008  9:45 pm  Show Profile   Bookmark this reply Add jbuck to your friends list
Nonmagnetic steel is easily made. Are the steel based Canadian cents and nickels non-magnetic? I do not have any recent Canadian coins to test.

I would hope that any composition change would happen before or after the 2009 cents are made. Who knows, maybe 2008 will have varieties?
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 Posted 05/10/2008  9:55 pm  Show Profile   Bookmark this reply Add Topher to your friends list
jbuck - The copper-plated and nickel-plated steel coins up here are magnetic.
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 Posted 05/10/2008  10:01 pm  Show Profile   Bookmark this reply Add BluegrassRiver to your friends list
But you're throwing much more money away by not using the dollar coin in ordinary circulation. Switching the coin for the paper bill saves taxpayers $700 million!

If you call yourself fiscally conservative, have you started using the dollar coin? They work in most vending machines I've tried and even the self service checkout lanes at stores.

We're the only country that does not use the $1.00 coin. How wasteful!
Edited by BluegrassRiver
05/10/2008 10:07 pm
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 Posted 05/11/2008  08:33 am  Show Profile   Bookmark this reply Add TheForce to your friends list
If the composition has to change, (which I feel it should), a good time to start would be with the 2010 Lincoln cents. I still think using the same blanks as Canada is a viable option.
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 Posted 05/11/2008  12:17 pm  Show Profile   Bookmark this reply Add jbuck to your friends list

Quote:
jbuck - The copper-plated and nickel-plated steel coins up here are magnetic.
Thanks for the answer! Was the change a problem for your vending industry?

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 Posted 05/11/2008  2:06 pm  Show Profile   Bookmark this reply Add Topher to your friends list
jbuck - I don't know. I just moved here about 5 1/2 years ago.
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 Posted 05/11/2008  5:01 pm  Show Profile   Bookmark this reply Add jeremymh to your friends list
Wow this really stinks!
I think I am gonna start hoarding zinc cents now!
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 Posted 05/11/2008  7:44 pm  Show Profile   Bookmark this reply Add jbuck to your friends list

Quote:
jbuck - I don't know. I just moved here about 5 1/2 years ago.
No problem. I see you are in TO. I have some friends in area (Richmond Hill, Markham), so I will have to find out what they know
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 Posted 05/12/2008  3:59 pm  Show Profile   Bookmark this reply Add inacoffeebuzz to your friends list
Just one word - Plastics.
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 Posted 05/12/2008  4:16 pm  Show Profile   Bookmark this reply Add jeremymh to your friends list
Soon inacoffeebuzz, but not yet, the mint isn't that cheap!
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 Posted 05/13/2008  02:15 am  Show Profile   Bookmark this reply Add Kabiye_Lady to your friends list
From everything I've studied, this talk about about coin counters and vending machines not working with a new composition of coin is ....

"The Sky is falling"..... "The Sky is falling"

In fact, this is not an issue.

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United States
3242 Posts
 Posted 05/13/2008  10:47 am  Show Profile   Bookmark this reply Add amac44 to your friends list
I have never seen a vending machine take cent low I have seen is a nickel. if the change weight sensor the should be a problem
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