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Can Someone Explain This To Me?

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rodime's Avatar
Canada
276 Posts
 Posted 10/03/2010  11:38 am  Show Profile   Bookmark this reply Add rodime to your friends list Get a Link to this Reply
@Cazzuey: As are many other metals at specific temperatures.
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canadian_coins's Avatar
United States
2408 Posts
 Posted 01/25/2011  8:43 pm  Show Profile   Bookmark this reply Add canadian_coins to your friends list Get a Link to this Reply
Titanium.

According to Wikipedia, Canada was the 3rd largest producer of Titanium in 2003.

That would be cool.

I can real the headline: "The first Canadian Titanium Coin".

What about the new $5 circulation coin?

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1cent's Avatar
Canada
1051 Posts
 Posted 01/26/2011  12:26 am  Show Profile   Bookmark this reply Add 1cent to your friends list Get a Link to this Reply
Titanium would wear dies in short order, but I love the idea. Think like the mint though - why would we make a titanium $5 coin when we can make it out of plated steel for a fraction of the cost, and have the dies last longer? I'm sorry to say that "money" these days is nothing more than junk base metal with a value stamped on it. Silver was money. Copper was money. Nickel was money. Steel is just cheap garbage to save mint costs.
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littlemoney's Avatar
Canada
902 Posts
 Posted 01/30/2011  3:53 pm  Show Profile   Bookmark this reply Add littlemoney to your friends list Get a Link to this Reply
Well said 1cent
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canadian_coins's Avatar
United States
2408 Posts
 Posted 01/30/2011  4:25 pm  Show Profile   Bookmark this reply Add canadian_coins to your friends list Get a Link to this Reply
The Mint might be considering a titanium coin. NCLT most likely.
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1cent's Avatar
Canada
1051 Posts
 Posted 01/30/2011  5:41 pm  Show Profile   Bookmark this reply Add 1cent to your friends list Get a Link to this Reply
Just remember that titanium is an industrial metal, and not a precious metal. It has some interesting qualities (non-corrosive, non-magnetic, non-conductive, half the weight of steel at the same strength). It enjoys sort of a "super metal" persona, which it is, but it's not particularly valuable. It can range from a few dollars a pound to $20 or so per pound depending on what form it's in. At current prices, silver is about $400/lb. If the mint were to sell titanium NCLT coins, there is a massive profit potential there when you look at the cost versus silver (no doubt the Ti coins would not be significantly cheaper than silver ones).
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canadian_coins's Avatar
United States
2408 Posts
 Posted 01/30/2011  5:53 pm  Show Profile   Bookmark this reply Add canadian_coins to your friends list Get a Link to this Reply
Great insights 1cent! Despite the low cost compared to Silver it would be cool to see a Canadian titanium coin. Others have done it before:

Can-Someone-Explain-This-To-Me?
Valued Member
rodime's Avatar
Canada
276 Posts
 Posted 01/30/2011  6:45 pm  Show Profile   Bookmark this reply Add rodime to your friends list Get a Link to this Reply
Ti wedding bands are all the rage among engineer types. And the fact that they're dirt cheap helps poor student engineers :)
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canadian_coins's Avatar
United States
2408 Posts
 Posted 02/02/2011  12:01 am  Show Profile   Bookmark this reply Add canadian_coins to your friends list Get a Link to this Reply
rodime, how did you know I was an engineer!?
Edited by canadian_coins
02/02/2011 01:13 am
Valued Member
NickleHalfDime's Avatar
Canada
94 Posts
 Posted 02/02/2011  01:08 am  Show Profile   Bookmark this reply Add NickleHalfDime to your friends list Get a Link to this Reply
Not a fan of the above millennium coin. Looks like a right mess if you ask me. Too much going on.

I'm working on my degree in engineering as we speak... thanks for the advice. My future wife might not be too pleased though.
Valued Member
rodime's Avatar
Canada
276 Posts
 Posted 02/02/2011  7:30 pm  Show Profile   Bookmark this reply Add rodime to your friends list Get a Link to this Reply
eh, most guys I know with Ti bands get their wives a bigger diamond with the "savings".
Valued Member
NickleHalfDime's Avatar
Canada
94 Posts
 Posted 02/03/2011  12:32 am  Show Profile   Bookmark this reply Add NickleHalfDime to your friends list Get a Link to this Reply
I want to say diamonds are overrated but I know that somewhere out there my future wife just got a spontaneous urge to slap someone.

Maybe if I marry a coin collector we can go simple on the rings and just buy each other coins instead!

Edit: On second thought. Marrying a coin collecting wife might not be such a great idea. A man needs his space. :-P
Edited by NickleHalfDime
02/03/2011 12:33 am
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canadian_coins's Avatar
United States
2408 Posts
 Posted 02/05/2011  11:54 pm  Show Profile   Bookmark this reply Add canadian_coins to your friends list Get a Link to this Reply
NickelHalfDime, if you have a choice, marry a coin collector instead of a shoe - or a purse collector. Believe me, that takes a lot more space than coins.......
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