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Guess The New Coin Compositions

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sel_69l's Avatar
Australia
21786 Posts
 Posted 01/19/2012  5:30 pm Show Profile   Bookmark this topic Add sel_69l to your friends list Get a Link to this Message Number of Subscribers
The U.S. Mint is bit coy about what metal compositions are being tested for proposed changes to the circulating coinage.

So let us suggest some proposals that could be considered, and give some reasons for those suggestions.

Because we in the CCF have a higher level of interest in the manufacture of the coins we use, perhaps our opinions may have some significance.
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jbuck's Avatar
United States
188037 Posts
 Posted 01/19/2012  5:40 pm  Show Profile   Bookmark this reply Add jbuck to your friends list Get a Link to this Reply
I suggest nothing.

Eliminate the Cent and Five Cent coin now (they can still mint them for collectors though).

Eliminate others as necessary.


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captainkurt's Avatar
United States
1406 Posts
 Posted 01/19/2012  5:49 pm  Show Profile   Bookmark this reply Add captainkurt to your friends list Get a Link to this Reply

Quote:
perhaps our opinions may have some significance.


We all know this will never happen.
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goldnugget's Avatar
United States
372 Posts
 Posted 01/19/2012  6:03 pm  Show Profile   Bookmark this reply Add goldnugget to your friends list Get a Link to this Reply
It's ok with me if The Mint changes the Composition of the Nickel and they don't rust. I metal detect for a Hobby and hope a Metal Detector will pick up the New Coins. I would rather up my % percentage % from 1 corroded Zinc Cent to a Nickel. Please do not take away my Display of Current Nickels
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CaptainFwiffo's Avatar
United States
4132 Posts
 Posted 01/19/2012  6:04 pm  Show Profile   Bookmark this reply Add CaptainFwiffo to your friends list Get a Link to this Reply
I think plated steel is likely, given its use in other countries, though a lot of vending machines with magnets will have to be updated if they go that way with the nickel (not to mention coin counters at the bank which all reject steel cents). In the past the US has been almost strangely sensitive to the needs of vending machines. Was it really necessary to make the Sacagawea brass buck compatible with the agony dollar given the rarity of that coin in actual circulation?

I don't know what else is cheap enough. Maybe aluminum? The weight and durability of aluminum seems to make it more problematic than steel.

Eliminating small coins seems to make more sense to me.
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jbuck's Avatar
United States
188037 Posts
 Posted 01/19/2012  6:09 pm  Show Profile   Bookmark this reply Add jbuck to your friends list Get a Link to this Reply

Quote:
....compatible with the agony dollar
Agony dollar. I have never heard that one before. I rather like it.


Quote:
Eliminating small coins seems to make more sense to me.
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CaptainFwiffo's Avatar
United States
4132 Posts
 Posted 01/19/2012  6:09 pm  Show Profile   Bookmark this reply Add CaptainFwiffo to your friends list Get a Link to this Reply
For reference, here is the 1973 report produced by the Treasury on the subject.
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JSH's Avatar
United States
410 Posts
 Posted 01/19/2012  6:16 pm  Show Profile   Bookmark this reply Add JSH to your friends list Get a Link to this Reply
While it would make more sense (and cents) to simply eliminate the penny and nickel I don't see that happening.

If they are replaced I would expect to see the replacements made from plated steel. The penny would be copper plated and the nickel would be nickel plated. A steel plated nickel wouldn't work in vending machines but I can see vending companies simply not accepting them. After all, vending machines don't take pennies even though the penny is still minted.
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biggfredd's Avatar
United States
9104 Posts
 Posted 01/19/2012  8:59 pm  Show Profile   Bookmark this reply Add biggfredd to your friends list Get a Link to this Reply
I'm with jbuck, get rid of the pocket lint.
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 Posted 01/19/2012  9:11 pm  Show Profile   Bookmark this reply Add TheDanMan to your friends list Get a Link to this Reply
They should just copy what Canada does with their coinage; make them out of steel.
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Conder101's Avatar
United States
17884 Posts
 Posted 01/20/2012  12:51 pm  Show Profile   Bookmark this reply Add Conder101 to your friends list Get a Link to this Reply
I think we will probably see copper plated steel for the cent (Although copper plated aluminum would probably make more sense because it would make more cents (You can make more than twice as many cents from a pound of aluminum than you can from a pound of steel.) Weight and durability aren't really a big concern because the cent doesn't really circulate anyway and no vending machines accept them.

The five cent is the tougher challenge. Nickel plated steel would be fine for person to person commerce, but every single vending machine in the country would either need reprogramming or a new coin mechanism. And just about anything else you try is going to have the same problem. If you keep the size the same just about anything you use is going to be much lighter in weight because copper and nickel have fairly high densities. You could compensate for that by including something in the alloy that has a higher density, but most of those metals are high value. About the only cheap one is Lead. And you can imagine how that would go over, making coins from a nickel plated lead alloy. It would get shot down on two fronts. One is just the idea for plated lead for our coins, and the second is the outcry over how this would "expose our children to lead" and "introduce lead into the environment" from lost coins. Neither is really a serious concern but it would make a lead containing alloy a non-starter.

There is the possibility you might try making a nickel plated coin slightly thicker to correct for the weight loss but I'm not sure how much thicker a nickel could be before the machines start rejecting it for that reason. And you still have the magnetic problem. Most if not all of today's machines would reject a magnetic piece as a slug. So you either have to use a nonmagnetic alloy, or you are back to changing all the machines again. ?You could use a nonmagnetic stainless steel alloy, but most of those use a fairly high nickel content which brings you back to where you started.

I don't really see a way to change the nickel, other than discontinuing it, without having to change all the vending machines in the country.
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mariospaghetti's Avatar
United States
421 Posts
 Posted 01/20/2012  2:06 pm  Show Profile   Bookmark this reply Add mariospaghetti to your friends list Get a Link to this Reply

Quote:
I don't really see a way to change the nickel, other than discontinuing it, without having to change all the vending machines in the country.


This would create more business for another company putting them to work making the new parts and newer machines. As if OUR government cares what it might cost for the new nickel. LOL

I agree something needs to be done, though I like collecting Lincolns and nickels because it doesn't tie up a lot of money at this point.
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jbuck's Avatar
United States
188037 Posts
 Posted 01/20/2012  2:12 pm  Show Profile   Bookmark this reply Add jbuck to your friends list Get a Link to this Reply

Quote:
They should just copy what Canada does with their coinage; make them out of steel.
Ha! We cannot even "copy what Canada does" when it comes to the one dollar and two dollar coins.

Quote:
...I don't really see a way to change the nickel, other than discontinuing it, without having to change all the vending machines in the country.
A worthy analysis with the right conclusion.
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CaptainFwiffo's Avatar
United States
4132 Posts
 Posted 01/20/2012  2:27 pm  Show Profile   Bookmark this reply Add CaptainFwiffo to your friends list Get a Link to this Reply
Some kinds of austenitic stainless steel are non-magnetic, but stainless steel might be too expensive.
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unholyroller's Avatar
United States
1903 Posts
 Posted 01/20/2012  2:34 pm  Show Profile   Bookmark this reply Add unholyroller to your friends list Get a Link to this Reply
Cent = copper clad aluminum
Nickel = aluminum

Unless they are willing to go with an even lower relief coin than we have now then it would be
Cent = copper plated steel
Nickel = chrome plated steel (industrial hard chrome) as nickel plating steel requires you to copper plate it first then nickel plate it and I don't see them plating it twice

That's my six cents.....ha
Edited by unholyroller
01/20/2012 2:38 pm
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SteveCaruso's Avatar
United States
1796 Posts
 Posted 01/20/2012  9:58 pm  Show Profile   Bookmark this reply Add SteveCaruso to your friends list Get a Link to this Reply
Well every report from here to kingdom come says (outside of eliminating them all together) that Aluminum is the *best* route to go...

... so we can safely rule that out as what they'll choose. :-)
Edited by SteveCaruso
01/20/2012 9:59 pm
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