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-   -   possible change in the metal content of future coins (https://metaldetectingforum.com/showthread.php?t=288158)

davidlhyde63366 01-30-2021 03:55 PM

possible change in the metal content of future coins
 
https://www.coinworld.com/news/us-co...ional-approval

davidlhyde63366 01-30-2021 04:18 PM

Not sure how much that will affect the settings on diffrent detectors on modern clad but worth checking out when the new coins get in circulation.

GKL 01-30-2021 05:30 PM

Just glanced at that article, sure hope they don't go with this option:

Three other potential alternatives under consideration for the 5-cent, dime, quarter dollar and half dollar are:
➤ C99750T-M — potentially seamless, developed jointly with the National Institutes of Standards and Technology, at 50.75 percent copper, 14 percent nickel, 33 percent zinc and 2.1 percent manganese.

........as that would turn nickels, dimes, quarters, and half dollars into Zincolns too ! :laughing:

Coinboy 01-30-2021 05:41 PM

Very interesting thanks for sharing.

KingTotsalot 01-31-2021 12:53 PM

The one thing one can always count on....change! :laughing::laughing:

In life and in your pocket!

metaladdict 01-31-2021 01:11 PM

Quote:

Originally Posted by GKL (Post 3287140)
Just glanced at that article, sure hope they don't go with this option:

Three other potential alternatives under consideration for the 5-cent, dime, quarter dollar and half dollar are:
➤ C99750T-M — potentially seamless, developed jointly with the National Institutes of Standards and Technology, at 50.75 percent copper, 14 percent nickel, 33 percent zinc and 2.1 percent manganese.

........as that would turn nickels, dimes, quarters, and half dollars into Zincolns too ! :laughing:

If they use zinc the coin will disintegrate.:no:

Marjam42 01-31-2021 01:30 PM

Very interesting article, thanks for posting. Maybe with the older coins still in circulation it won't affect it as bad as I fear for some time, but eventually it will when the coins from the 60s to today aren't in circulation as commonly as they are now.

I still dig plenty of pre 82 cents, and its been 39 years since they have been minted. So if that rule holds true with the clad of today, we would still have at least 40 years for clad coins of today to be found pretty common. maybe even longer as I routinely dig copper cents from the 60s, and 70s too. Wheaties too although not as frequent as the memorial cents.

Sent from my SM-G975U using Tapatalk

GroundSweeper 01-31-2021 01:34 PM

Yeah no zinc please or clad won’t exist, OR all us detector folk will be putting the GOV to the test trying to redeem buckets of half eaten coins :lol:

davidlhyde63366 01-31-2021 06:31 PM

Been dropping my half eaten zinc pennies in my potted plants i have heard some zinc is good for plants.

MuddyMo 01-31-2021 06:45 PM

Keep using copper and get rid of the damned pennies and nickels. They're already useless and worth less every day. Hell if nothing else then use aluminum. It's better than zinc, light weight, cheap and last forever. (At least can slaw seems to)

GLASSHOPPER1955 01-31-2021 07:20 PM

Quote:

Originally Posted by davidlhyde63366 (Post 3287363)
Been dropping my half eaten zinc pennies in my potted plants i have heard some zinc is good for plants.

Some Zinc is also good for our immune systems too (fighting Covid etc). But I wouldn't start eating those Zincolns anytime soon. :lol:

davidlhyde63366 03-08-2021 10:47 PM

A good article on the cost of making the current coins over last several years . https://www.coinnews.net/2021/02/23/...n-seigniorage/

davidlhyde63366 04-09-2021 09:51 AM

new updates https://www.coinworld.com/news/preci...ional-approval and https://www.coinworld.com/news/preci...coinage-alloys

Steve 04-10-2021 11:43 PM

With increasing inflation you can bet the metal content will be worth much MORE than the # printed on it. In a few years time even the felix pennies will be worth much more than a penny and might cause a "change shortage"

edit: MORE

MuddyMo 04-11-2021 12:01 AM

Quote:

Originally Posted by Steve (Post 3305908)
With increasing inflation you can bet the metal content will be worth much less than the # printed on it. In a few years time even the felix pennies will be worth much more than a penny and might cause a "change shortage"

With increased inflation the metal content will be much MORE than the number printed on it and probably already is for the nickel and penny. It's past time to quit making and using pennies and nickels.

Steve 04-11-2021 03:39 AM

Quote:

Originally Posted by MuddyMo (Post 3305912)
With increased inflation the metal content will be much MORE than the number printed on it and probably already is for the nickel and penny. It's past time to quit making and using pennies and nickels.

sounds better than making sound money.. I mean that would require responsibilty :laughing:

metaladdict 04-11-2021 10:45 AM

Quote:

Originally Posted by MuddyMo (Post 3305912)
With increased inflation the metal content will be much MORE than the number printed on it and probably already is for the nickel and penny. It's past time to quit making and using pennies and nickels.

We could make coins out of recycled plastic bottles, they would be eternal.

TorqueMaster 04-14-2021 02:52 PM

Quote:

Originally Posted by MuddyMo (Post 3305912)
With increased inflation the metal content will be much MORE than the number printed on it and probably already is for the nickel and penny. It's past time to quit making and using pennies and nickels.

Agreed. I'd kill off the dime too. The American public pretty much hates pocket change. They don't want the dollar coins, and did they ever use halves? Only the quarter shows any significant acceptance. Changing the alloys reduces the costs slightly, seems like a joke solution.

Machines that take coins will still take quarters, no alterations needed. Stores will eventually change their registers to "round up" or "round down." They have time, the existing coinage won't just disappear instantly if they stop making it.

$2 coins, $5 coins, $10 coins, does the public want them? I know we do, lol!
But coin-op machine vendors probably don't, and certainly not "phased in" so they have to alter their machines multiple times to stay current. Lots of machines take bills now...but not all...

Bills are relatively cheap to produce...but don't last as long as coins, I wonder which works out as a "better value" in the long run...?

What size would they make new coins? Have to be new and unique -- can't have a US Nickel working as a fake $10 coin...needs to be visually *and* tactilely unique... Surely someone at the mint has already figured out what they'll do if they ever decide to do it...

davidlhyde63366 04-14-2021 07:28 PM

how Canada does it https://www.thesprucecrafts.com/loon...-coins-3970340

kajunman 04-15-2021 07:42 AM

Quote:

Originally Posted by TorqueMaster (Post 3306795)
Agreed. I'd kill off the dime too. The American public pretty much hates pocket change. They don't want the dollar coins, and did they ever use halves? Only the quarter shows any significant acceptance. Changing the alloys reduces the costs slightly, seems like a joke solution.

Machines that take coins will still take quarters, no alterations needed. Stores will eventually change their registers to "round up" or "round down." They have time, the existing coinage won't just disappear instantly if they stop making it.

$2 coins, $5 coins, $10 coins, does the public want them? I know we do, lol!
But coin-op machine vendors probably don't, and certainly not "phased in" so they have to alter their machines multiple times to stay current. Lots of machines take bills now...but not all...

Bills are relatively cheap to produce...but don't last as long as coins, I wonder which works out as a "better value" in the long run...?

What size would they make new coins? Have to be new and unique -- can't have a US Nickel working as a fake $10 coin...needs to be visually *and* tactilely unique... Surely someone at the mint has already figured out what they'll do if they ever decide to do it...

I guarantee you stores will conveniently price items to round up. Just another way to tap a few more cents out of your pocket. It will add up.


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