Zincoln Nickels?

[danhughes]

http://assets.libsyn.com/content/6832715
The United States is paying 9.4 cents for every nickel it mints. And Congress is not very happy about it.

So tests are underway to find cheaper materials for nickels, and the latest experiment involves making nickels with the same formula used to make pennies - a solid zinc base covered with a thin layer of copper.

And we all know how those zinc pennies crumble when they've been in the ground a while - will the same fate soon befall our nickels too?

This photo shows the experimental nickels. (They don't have the markings of regular nickels, because the mint doesn't want collectors clamoring for them.)

Hear the story at http://thetreasurecorner.com.

[Longhair]

Oh boy......more phony money. :crazy:

[giant056]

Nickels are made today from the same alloy they first made them from too in 1866

[coinnut]

It is no doubt that copper and nickel are more valuable to industry than to coinage. It is inevitable that our coins will continue to decline in their composition, until they are made of some kind of plastic :shocked04: I think every coin should be made of silver :lol:

[NJJOSH]

I totally agree with you coinnut!!!! especially on the all silver coin part:)

[danhughes]

Nickels are made today from the same alloy they first made them from too in 1866

I said that in the first paragraph of the show!

[giant056]

Sorry Dan I didn't watch the show, I pretty much keep up on the coin situation going on in the U.S., I've been collecting coins for a hobby since I was 10 years old, not really a big buyer of coins, I keep ones that I find in circulation but anymore I basically only find ones that I want from digging them up.