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<p>[QUOTE=&quot;touchekidd, post: 158255, member: 4220&quot;]My friend has a thoery that we are NOT going to have nickels too much longer in the future....he says as the price of copper is staggering the govt will not be able to afford to make nickels much longer as they cost much more to make.&nbsp; </p><p><br /></p><p>I told him this will never happen as they have tried to get rid of the penny for so long and that seems like it is never going to happen, let alone getting rid of the nickel.</p><p><br /></p><p>He says the if the govt announced they intend to get rid of the nickel...everyone would be hoarding them like crazy and he believes the introduction of the new nickels was the first phase of getting rid of the old nickels.</p><p><br /></p><p>Here are some of his thoughts....let me know what you think</p><p><br /></p><p>I hope you caught my view that Nickels, and pennies, will soon be eliminated as we know them today. I strongly suspect this was known and planned by the government and could be the reason for the new issue nickels that came out in 2004. I would call this Phase 1. I believe that banks and the coin machines being used now, where people can just dump all their coins, of any denomination and have the machine seperate and tally them, take a small fee and the person gets dollars. These machines can easily be set to seperate the pre 2004 nickels and slowly remove them from circulation. The government certainly couldn&#039;t announce to the Public that they are planning to eliminate the nickel, or penny, as we know them today, and replace them with something new. The nickel is a fascinating coin as-is. Most people didn&#039;t know that a nickel is exactly 5 grams. I knew that many years ago, not because I had an interest in coins, but because I would use a nickel to test the accuracy of a scale, for that matter a dollar bill is exactly 1 gram. Placing 5 nickels and five single dollars on a sensitive scale should read-out to 30 grams. Also, and I guess you know this, a nickel is convieniently compsed of 25% Nickel and 75% Copper. This makes for easy calculating. A penny, post 1982, is 97.5% Zinc and only 2.5% Copper, but even after this raising of the Zinc content, the global commodity price for these metals have greatly increased in the past 5 years. Nickel alone has tripeled in cost in the past 6 months to about $15 a pound---and the demand for these metals isn&#039;t going to halt or stay status quo. The demand is and will increase for at least the next 5-10 years. These metals are needed to build up the infrastructure of former &quot;poor&quot; countries [China is often reffered to as the major single source of the increased demand, but India too is rising in infrastructure build up and both have populations over 1 billion and the people there are just beginning to buy items that we all take for granted. Their standard of living is and has been increasing steadiy, as we here in the US/West have seen our middle-class&#039; standard of living decrease in real terms. The only reason we don&#039;t see the full effects is because of Credit, all the money most everyone had dumped on them since 2001 through things like refinancing their mortage and tapping into a large increase in home prices [ the equity increase we saw in the past 5 years]. But its all on Credit. As a Nation, the average household is in the Red. We have the lowest savings rate of any modern/ western country. All we hear is how low paid a worker in China is, but people don&#039;t take into account that its a country with a very different system. They fail to include that these very same low-paid workers save about half their Pay---yes, that&#039;s true though hard to belive if you just listen to the part about the low-pay. We live at a critical time and events have already happened, that if really understood by the Average Joe/Jane, they&#039;d be either scared, doing something to prepare of help change what&#039;s happening, or all of those combined.</p><p>&nbsp;</p><p>Bottom Line: The Nickel just has to be replaced. We can&#039;t keep buying the raw materials for more than 5 cents, mint it, and place a 5 cent value on it. I figure &quot;they&quot; are waiting for either the 2006 mid-term elections to pass, or at the most, the 2008 elections.---------------Now, if I&#039;m not mistaken, didn&#039;t we just have one 2006 Nickel issued, instead of the two versions we got in 2004 and 2005. If that&#039;s correct, than why ?[/QUOTE]</p><p><br /></p>

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