Are Non Precious Metals At The Beginning Of Becoming Precious?

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Author	Replies: 7 / Views: 1,673
1847bill Valued Member United States 465 Posts	Posted 03/23/2022 08:43 am The super powers seem to have a problem sharing. Russia is rich with minerals but is hell-bent doing their thing. I don't see the sanctions imposed on them being lifted for a long time. China has been courting foreign countries for control over their minerals while at home they have been mining and some say exhausting their their reserves. Copper mining is moving farther underground than ever before. The cost of mining increases dramatically the lower you have to go. The question is are we at a point where copper, bronze, nickel, and copper nickel coins are going to have a higher value than face. Do you see countries pulling coinage from circulation and replacing them with aluminum or plastic coins? Is our currency going strictly digital? Where do you see all of this going? Report this Post to the Staff

kanga Pillar of the Community United States 5825 Posts	Posted 03/23/2022 08:59 am With all the coin-operated vending machines in the US I don't see the composition of US coins changing for a long time -- if ever. Report this Post to the Staff
oriole Pillar of the Community Canada 5239 Posts	Posted 03/23/2022 09:46 am To some extent this has already been going on for decades. Almost every country has replaced copper and nickel with cheaper alloys/ composites, and has eliminated the smaller denomination coins. Vending machines would only be a factor if they accepted 1 and 5 cent coins, the ones where this problem would exist. Are there any vending machines in the US that accept coins smaller than 1/4 dollar? Report this Post to the Staff
Zurie Pillar of the Community United States 5663 Posts	Posted 03/23/2022 10:01 am The melt value of a Jefferson nickel has already been higher than face value for several years, and given the recent rise in copper and nickel prices, it seems inevitable that they will need to change the composition of the nickel soon. There's a little more leeway in clad coinage given the higher denominations, but it wouldn't be surprising if dimes and quarters changed as well at some point. Report this Post to the Staff
NumisRob Bedrock of the Community United Kingdom 17905 Posts	Posted 03/23/2022 5:12 pm Quote: Are there any vending machines in the US that accept coins smaller than 1/4 dollar? The ticket machines at the SunRail train stations in Orlando take nickels and dimes as well as quarters and dollar coins (not halves or cents). My Trade List: https://goccf.com/t/194596 My Wants List: https://goccf.com/t/191710 Report this Post to the Staff
NumisEd Pillar of the Community United States 5177 Posts	Posted 03/23/2022 5:46 pm If we simply hyperinflate the currency by 10,000% then a dollar bill will be the new cent. Report this Post to the Staff
jaxenro Pillar of the Community United States 533 Posts	Posted 03/23/2022 7:09 pm Technically even the zinc penny is worth a tiny fraction more than a penny but I expect them to go to a zinc nickel, dime, quarter soon. Might as well it should feel as cheap as it's worth Report this Post to the Staff
jbuck Moderator United States 187864 Posts	Posted 03/23/2022 7:15 pm They should discontinue everything below the quarter dollar. Coin Collector Since 1978 Avatar Old Avatar 7070 Eisenhower Australia Canada World CCF Members on eBay CCF eBay Search Engine Report this Post to the Staff
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