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 Replies: 52 / Views: 6,024 |
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Pillar of the Community
United States
1228 Posts |
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Pillar of the Community
United States
1388 Posts |
I wonder if the representative that introduced that knows what rust is...
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Pillar of the Community
United States
1391 Posts |
I don't care about the cent or the five cent. I'd be a little annoyed that they changed the composition of my ATBs partway through the program though.
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Moderator
 United States
187582 Posts |
This has noting to do with saving money and everything to do with making the US Steel lobby happy. Especially since steel still cannot save the cent. Quote:
I'd be a little annoyed that they changed the composition of my ATBs partway through the program though. I would as well. It makes no sense to switch from the already affordable clad coinage to steel... Quote:
"Out of the other five metal compositions tested, only the steel-based coins demonstrated acceptable wear characteristics. They offered higher savings as well, in the range of 15-20% (about $57 million annually) compared to 2014 costs. However, steel-based coins significantly lower die life and could increase production and labor costs. Also, the savings are outweighed by too many other negatives."
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Pillar of the Community
 United States
5828 Posts |
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It makes no sense to switch from the already affordable clad coinage to steel... I agree. I can't see the possibility of switching to steel in the foreseeable future. |
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Pillar of the Community
United States
4691 Posts |
I'm sure the vending machine industry would just love this proposal.
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Rest in Peace
United States
18456 Posts |
 Well if they do change over, I'll sell you guys a bunch of WD-40 to protect your collection of new coinage.  |
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Moderator
United States
187582 Posts |
I suspect they would use nickel plated steel like the Canada five cents coin. Of course, that only adds to production cost.  |
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Bedrock of the Community
United States
20753 Posts |
IF you look up Stainless Steel you would find there are literally many hundreds of variations. Many are non-magnetic. Surgical Steels for example are highly non-corrosive and basically not only rust resistant but anti magnetic. Such types would not have much effect on vending machines. The problem with the 1943 cents were that Stainless Steels were just not around at the time in a capacity or a decent method for production. Some time back someone even tried to make a car, the Delonian but not sure of the spelling, out of Stainless Steel.
IF some or all of our coins were made of a type of Stainless Steel, in mass production it would be much cheaper than what we are doing today.
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Pillar of the Community
Canada
3692 Posts |
"primarily steel"
"rust"
Ever heard of nickel plating?
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Pillar of the Community
United States
608 Posts |
Will a rusted coin be considered natural toning?
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Pillar of the Community
Canada
2805 Posts |
MPPS (multi-ply plated steel) won't save the cent, but it's a good idea for other denominations. In Canada we changed from copper-nickel and pure nickel (expensive!) to MPPS in the early 2000s. MPPS has a big advantage - it can be engineered to be accepted by vending machines without the machines needing any changes. And it only rusts if you make a really special effort to damage it first - coins that have spent all winter lying in salty puddles and getting run over will get some rust, but it's not like there are other materials that look nice after a treatment like that.
However, this guy does sound like a steel lobbyist, which is a bit shady. Steel is an American resource now? Is copper-nickel un-American? Will the terrorists win if we use zinc? There are so many questions.
Anyway, I would support a change of composition, because clad is pretty weird and not that popular (to my knowledge, South Korea is one of the only other countries that has clad coins). However, I'm also pretty sure that changing the composition of coins will lead to the destruction of the Constitution and the creation of a new fascist police state, so watch out.
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Valued Member
United States
381 Posts |
Rust? They'll be losing more on have to replace them then they lose on the penny!
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Pillar of the Community
Canada
2805 Posts |
OK, how many people have mentioned rust now? I live in a country where all coinage is made of plated steel, it doesn't rust. That's what the nickel plating does, it stops the coins from rusting. Next time someone pulls out a knife and fork, why not stare incredulously at them and ask "Steel-alloyed cutlery? But won't it rust?"
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Pillar of the Community
United States
649 Posts |
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I'd be a little annoyed that they changed the composition of my ATBs partway through the program though. I wouldn't like the change in the middle of this series, but it would par for the course. As discussed before, this series has the 1 year satin finish and the 2012 - present S mint coins. Why not throw in a composition change as well? |
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Pillar of the Community
United States
1796 Posts |
Pennies and nickels aren't worth the use in commerce anymore.
We need better sized coins.
Dollar coins the size of dimes, too.
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Replies: 52 / Views: 6,024 |
Posted 02/02/2015 1:38 pm
