humm impact on hobby ? us govt thinking of switching to steel coins to save $$$

[ivan salis]

heard on the news last night that the us govt is thinking of switching to steel coins similar to canada to save money -- since a cent coin has two cents of copper in it and a nickle has ten cents of nickle in it --doulble their "face" value -- now if that occurs how in the nanme of god will you be able to tell scrap iron from coins? --- oh boy hope the detector boys have some magic up their sleeves or its back to dig everything -- the only good news is "junk" clad coins will then become collector items I guess.---

 

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[Kas]

Re: humm impact on hobby ? us givt thinking of switching to steel coins to save $$$

I won't matter to me, I'm only digging the old stuff anyway. The new stuff would have a VDI different than silver/nickle/gold. I don't try to dig clad. And, wouldn't steel in the ground rust and register as iron?

Seems today's detectors already have that covered.

 

[ivan salis]

Re: humm impact on hobby ? us givt thinking of switching to steel coins to save $$$

oh I hunt the old stuff too -- but for tot lot folks and those who hunt more modern coins --the steel coins --would read as iron wouldn't they? what a nightmare trying to sort steel coins from iron junk bits ---- plusjust like the old silver coins of yesterday overtimecopper amd nickle coins would slowly get weeded out of the normal pocket change --leaving only the steel coins out there ( which are worthless as far as metal value) the steel money would be only worth face value and would break up much like the zinc cents do. ugh they suck.--- Ivan

 

[chrisplay2004]

Re: humm impact on hobby ? us givt thinking of switching to steel coins to save $$$

Well, I said this in another thread...
Pull tabs will be the new nickel, bottle caps the new quarter, any sort of charm the new dimes, and for the penny...cans, now i'm rich...HH 8)

 

[Rob66]

Re: humm impact on hobby ? us givt thinking of switching to steel coins to save $$$

Same thing happened in 1943 need more copper ammo!!!

 

[ClonedSIM]

Re: humm impact on hobby ? us givt thinking of switching to steel coins to save $$$

Wonder what the response would be from the coin-op industry with all the issues steel coins would create with the vending machines?

 

[V3 SNIPER]

Re: humm impact on hobby ? us givt thinking of switching to steel coins to save $$$

The Canadian steel coins still regester as 25 cents to an xlt after a year in the ground..

 

[WilliamBoyd]

Re: humm impact on hobby ? us givt thinking of switching to steel coins to save $$$

Small article from the San Francisco Chronicle:

Pennies and nickels may be abolished
The head of the OPM announced that pennies and nickels may be abolished
to free up metals for the war effort.

dated January 16, 1942

Nothing really changes

 

[Charlie P. (NY)]

The good news is you'll be able to roll a $30 roofing nail magnet across the park and clean 'em up!