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House Bill To Replace 5¢ Nickel With Half-Dime

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Valued Member
United States
227 Posts
 Posted 10/04/2008  5:41 pm  Show Profile   Bookmark this reply Add coinsrus to your friends list
I like the idea of the 20 cent coin but For the reason Michelle K stated I don't think they'll do that since The quarter doesn't cost them more than twenty five cents the number I saw was it costs them about 10 cents to produce a quarter.
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United States
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 Posted 10/04/2008  6:58 pm  Show Profile   Bookmark this reply Add DNA to your friends list

Quote:
nod2003: "I can't imagine the general public would approve of (half-dimes)."


The little old ladies with big coin purses would love the half-dime's lighter weight! They, and some other folks, do complain about the Nickel's size....

As for vending machines, a plated steel 'nickel' would have a different electro-magnetic signature (especially if the plating wore off!), so either a steel-core 'nickel' or a half-dime would require changes to vending machines. Even today, 1943 steel cents put into a CoinStar machine will end up in the 'reject' bin! The half-dime would have an advantage for vending machine use in that it would be a 'copper-nickel sandwich', matching the electro-magnetic signature of existing dimes and quarters.

I do think that Nickels would be massively hoarded from circulation if the Fed. was known to be recalling and melting Nickels!
If they did that 'on the quiet' once the replacement for the cupro-nickel 5¢ coin appeared, it would probably take years for the existing 'cupro-Nickels' to disappear from circulation.
Edited by DNA
10/04/2008 6:59 pm
Bedrock of the Community
United States
20753 Posts
 Posted 10/05/2008  7:26 pm  Show Profile   Bookmark this reply Add just carl to your friends list
Not sure what they do in Canada but a friend of mine has a small vending machine buisness. Canadian coins jam up his machines. He tells me numerous vending machines can not take magnetabal materials. The old 1943 Steel cents were made of standard, low grade steels and coated with Zinc to prevent the rusting. Today Steels could be made of Stainless Steels that are non magnetic. There are numerous SAE grades of Stainless Steels from the 100's to the 600's. Many are non magnetic and could be used in coins without any problems with our vending machines.
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 Posted 10/05/2008  9:53 pm  Show Profile   Bookmark this reply Add DNA to your friends list
Wouldn't cost be the main issue with using Stainless Steel planchets? The alloys added to the base steel (like molybdenum and ironically, nickel!) add to the total cost!

A stainless steel planchet sounds like a great idea for a business strike coin, but it doesn't sound like you would have too much cost savings there versus cupro-nickel (correct me if I'm wrong).

Stainless may be 'non-magnetic' but the metal 'signature' detected by a vending machine would still be different than for 'cupro-nickel'.

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 Posted 10/05/2008  10:31 pm  Show Profile   Bookmark this reply Add XavierOfGreen to your friends list
What about nickelplated aluminum?
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 Posted 10/06/2008  2:36 pm  Show Profile   Bookmark this reply Add Conder101 to your friends list

Quote:
The half-dime would have an advantage for vending machine use in that it would be a 'copper-nickel sandwich', matching the electro-magnetic signature of existing dimes and quarters.

The size of the coin also figures into the "signature", also the machines would still have to have their coin mechanisms changed to handle the much smaller size and weight.
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 Posted 10/06/2008  9:50 pm  Show Profile   Bookmark this reply Add DNA to your friends list

Quote:
The size of the coin also figures into the "signature"


Indeed, the 2000-present Dollar Coins were designed to be as 'vending-machine compatible' with the Susan B. Anthony dollars as possible. (ie: size and metal 'signature')

So, it's either choose a new size (half-dime) or a new composition and weight (steel-planchet 'nickel'), either of which will require substantial changes made to vending machines.
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17884 Posts
 Posted 10/07/2008  2:08 pm  Show Profile   Bookmark this reply Add Conder101 to your friends list
Probably their best compromise might be a nickel plated copper coin. It would probably only be a temporary measure though. The nickel plated copper would have certain advantages. The size and weight would be nearly identical to the current coin and the signature would also be nearly the same as well. This means you would probably NOT have to reprogram of replace all the coin mechanisms on all the vending machines. The metal cost of the the nickel plated copper would be 3 cents per coin.
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 Posted 10/07/2008  2:30 pm  Show Profile   Bookmark this reply Add nod2003 to your friends list
or if Washington would wake up, they could tell the vending machine people that coinage will not be decided based solely on their convenience.
Valued Member
United States
327 Posts
 Posted 10/07/2008  4:24 pm  Show Profile   Bookmark this reply Add SPQR to your friends list

Quote:
or if Washington would wake up, they could tell the vending machine people that coinage will not be decided based solely on their convenience.


How about the convenience of the people who buy stuff out of vending machines?
Government exists-in theory, anyway- to serve the needs of the people. One of the primary uses of coinage is in vending and other coin operated machines(telephones, toll booths, video games, etc). Making a coin that people couldn't use in vending machines would be pointless.
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 Posted 10/07/2008  9:07 pm  Show Profile   Bookmark this reply Add DNA to your friends list

Quote:
"Making a coin that people couldn't use in vending machines would be pointless."

Yeah, like the Susan B. and the Golden Dollars?!

I still encounter some vending machines that won't take those! And then there's the Denver Light Rail automated ticket dispensers, which give back all dollar change increments as Dollar Coins (very randomly, you could get Susan B.'s, Sac's and/or the latest new Presidential dollars, all on one day of Light Rail riding).
For example: Buy a $1.75 ticket with a $20 bill, and you'll get 18 dollar coins and a quarter as your change.

I do find circulated 2000 Sac.'s to be very useful at the car wash. Loading two Sac.'s is much less hassle than loading eight quarters!
Even though the car wash takes Dollar coins, their bill changers don't dispense them (I'd rather have a few Dollar coins that I can spend anywhere, instead of car-wash-only tokens or a handful of Quarters!).

Quote:
"(Washington) could tell the vending machine people that coinage will not be decided based solely on their convenience."

They did just that with the 1913 Indian Head ('Buffalo') Nickel, after some fighting with the vending machine industry over the design!

Ironically, government entities run a lot of vending machines, and theirs are mandated to dispense Dollar coins instead of bills (ex: the Denver Light Rail system)
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187446 Posts
 Posted 10/08/2008  09:53 am  Show Profile   Bookmark this reply Add jbuck to your friends list

Quote:
Even though the car wash takes Dollar coins, their bill changers don't dispense them...
The car wash I use does the same thing. It is rather annoying!
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United States
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 Posted 10/08/2008  11:07 am  Show Profile   Bookmark this reply Add Conder101 to your friends list

Quote:
They did just that with the 1913 Indian Head ('Buffalo') Nickel, after some fighting with the vending machine industry over the design!

Not with the vending machine INDUSTRY, just with a single machine developer who didn't even have any machines out in the market. Just an order for some from a government agency. The coins worked fine in machines from other manufactures and after several attempts at trying to satisfy Mr Clarence Hobbs requests they finally told him he would have to adjust his machine to work with the coins as issued. They had the same problem with him all over again three years later during development of the Mercury dime. Once again they wasted time on him for awhile before finally telling him he would have to adapt his machines. (Part of the reason they did't waste as much time the second time around was because by then he did have machines in the marketplace but they were not being well received because they had a very high failure rate.)
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United States
18 Posts
 Posted 10/14/2008  5:01 pm  Show Profile   Bookmark this reply Add venger to your friends list
i think that they should change the nickels composition. so that we would save money and would still have a normal sized nickel
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764 Posts
 Posted 10/18/2008  08:33 am  Show Profile   Bookmark this reply Add littleboy to your friends list
the government has been working hard recently to solve this problem. failing businesses and the wall street issues has caused consumers to spend less, forcing industries to slow production and buy less base metal supplies. this makes the price of copper and nickel to fall, and as a result, the base metal cost of a nickel is now only 2.8 cents. woohoo go government! next up..how to make people have more money....umm lets print more and hand it out! oh yeah, did that already =\
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