Orion
Pacific South West
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Joined: 10/21/2002
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This is what Canadian pennies are made from since 2000, 94% steel, 1.5% nickel, 4.5% copper (as plating). There were a couple of years prior to this when they were mostly zinc & prior to this they were mostly copper.
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we're very skeptical.
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wilber1
Abbotsford B.C. Canada
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Joined: 12/16/2002
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NavyDood wrote:Dollar coins are absolutley retarded IMHO and the last thing I want to do is carry dollar coins around in my pocket. The dollar bill is great.
Like mowermech said there really is no right or wrong. Everyone has their own likes and dislikes.
After 20 years or so of using dollar and two dollar coins, I have come to the opposite conclusion. Today, a dollar buys about what a dime did when I was a kid. To me, dollar bills have just become paper change that gets mixed up with my real bills.
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Doug4.7
Hartselle, AL, USA
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Joined: 10/02/2003
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wilber1 wrote:NavyDood wrote:Dollar coins are absolutley retarded IMHO and the last thing I want to do is carry dollar coins around in my pocket. The dollar bill is great.
Like mowermech said there really is no right or wrong. Everyone has their own likes and dislikes.
After 20 years or so of using dollar and two dollar coins, I have come to the opposite conclusion. Today, a dollar buys about what a dime did when I was a kid. To me, dollar bills have just become paper change that gets mixed up with my real bills. I've traveled a lot to countries that have coins for amounts similar to our dollar and even 5 dollar bills. I feel the same way you do with dollar bills just being paper change.
I've also been to countries that have paper for amounts much LESS than ours. I hated all that paper money. It seemed like you actually had some "real" money, but it was just pocket change.
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bpounds
Whittier CA
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I think the main problem I have with coin dollars is the size of the coin. The current Anthony dollar is just too close in size and thickness to the quarter. The old half dollars on the other hand are a bit large for carrying very many. So what size/thickness/rim design would make the dollar coin easily identified by FEEL in your pocket? Currently it is easy to identify all our common coins by feel, except for that Anthony $. I think I would like a hole in the middle.
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wilber1
Abbotsford B.C. Canada
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bpounds wrote:I think the main problem I have with coin dollars is the size of the coin. The current Anthony dollar is just too close in size and thickness to the quarter. The old half dollars on the other hand are a bit large for carrying very many. So what size/thickness/rim design would make the dollar coin easily identified by FEEL in your pocket? Currently it is easy to identify all our common coins by feel, except for that Anthony $. I think I would like a hole in the middle.
Should be less of a problem. You can make the colour, diameter and or thickness different, you could put a hole or an insert of different metal in the center like the Canadian 2 dollar or British 2 pound coin. At least you might be able to tell the difference.
As it is, there is no way of telling the difference between US bills without actually looking at the printing on them.
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bpounds
Whittier CA
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wilber1 wrote:As it is, there is no way of telling the difference between US bills without actually looking at the printing on them.
I hear you on that. This is why I keep my bills smaller than $20 in a different fold of the wallet than the $20 and $100. In the past I have went for a small bill and pulled a large bill, noticed it, but wondered how many times I might not have noticed.
But it is really only a problem if you just don't look at all. If you even glance at the bill, a corner number or the color should be equally identifiable.
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bpounds
Whittier CA
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Speaking of paper bills, how many of you are like me, and cannot stand having your stack of bills with heads and tails turned helter skelter? Annoys me to get a wad of bills as change, and have to sort through them turning them toward correct orientation.
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belfert
Shoreview, MN, USA
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Joined: 10/06/2004
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mowermech wrote:jetboater454 wrote:$100 in pennies melted down will get you $105.Takes time to just make a $5 profit,but a good rainy day project.
How much power does it take to melt them? How much profit is there after the cost of that power is factored into the equation?
I could be wrong, but I don't see any profit!
The cost of gas to get to the scrapper would pretty much eat up any remaining profit.
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recycler
michigan
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belfert wrote:mowermech wrote:jetboater454 wrote:$100 in pennies melted down will get you $105.Takes time to just make a $5 profit,but a good rainy day project.
How much power does it take to melt them? How much profit is there after the cost of that power is factored into the equation?
I could be wrong, but I don't see any profit!
The cost of gas to get to the scrapper would pretty much eat up any remaining profit.
plus the scrappers want paperwork for any large amounts of copper....copper thefts have made things miserable
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7ofus
Georgia
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I have a funny coin story from a couple of years ago. I went to the post office after hours for a bunch of stamps. Put my $20 bill into the machine and it spit out one small book of stamps (it was out of larger books) and my change - in $1 coins. No big deal since I needed many more stamps I can just put the coins back in for the rest. NO - the machine would not accept $1 coins.
Had to drive back home for paper dollars so that I could get the stamps I needed. Ever since then, I have not been real fond of dollar coins.
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