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<p>[QUOTE="-jeffB, post: 2081495, member: 27832"]Just came across this on Coinflation:</p><p><br /></p><p><a href="http://news.coinupdate.com/reintroduced-bill-seeks-steel-cents-nickels-dimes-and-quarters-4674/" target="_blank" class="externalLink ProxyLink" data-proxy-href="http://news.coinupdate.com/reintroduced-bill-seeks-steel-cents-nickels-dimes-and-quarters-4674/" rel="nofollow">http://news.coinupdate.com/reintroduced-bill-seeks-steel-cents-nickels-dimes-and-quarters-4674/</a></p><p><br /></p><p><br /></p><p><br /></p><p>...but the fine print taketh away, most likely:</p><p><br /></p><p><br /></p><p><br /></p><p>That looks like three strikes to me:</p><p><br /></p><p>1) Nearly any coin-acceptance mechanism would require multiple changes to adjust to new weights, new electromagnetic signatures, and, oh, yeah, the fact that all those simple magnetic traps would need to go.</p><p><br /></p><p>2) Making slugs out of steel has to be easier than making slugs that will pass a current coin-acceptance mechanism. If the acceptors are supposed to distinguish real coins from a steel slug of the right thickness, diameter, and weight, I'm guessing that they'll need something a lot more sophisticated than the current mechanisms.</p><p><br /></p><p>3) Oh, yeah, and if they need to accept both old and new coins, that makes point (1) above even more challenging.</p><p><br /></p><p>So now I'm trying to figure out what this guy's angle is for introducing a bill that's apparently designed to be dead-on-arrival. But I guess that would be verging into politics, and it's not that interesting anyhow...[/QUOTE]</p><p><br /></p>
[QUOTE="-jeffB, post: 2081495, member: 27832"]Just came across this on Coinflation: [url]http://news.coinupdate.com/reintroduced-bill-seeks-steel-cents-nickels-dimes-and-quarters-4674/[/url] ...but the fine print taketh away, most likely: That looks like three strikes to me: 1) Nearly any coin-acceptance mechanism would require multiple changes to adjust to new weights, new electromagnetic signatures, and, oh, yeah, the fact that all those simple magnetic traps would need to go. 2) Making slugs out of steel has to be easier than making slugs that will pass a current coin-acceptance mechanism. If the acceptors are supposed to distinguish real coins from a steel slug of the right thickness, diameter, and weight, I'm guessing that they'll need something a lot more sophisticated than the current mechanisms. 3) Oh, yeah, and if they need to accept both old and new coins, that makes point (1) above even more challenging. So now I'm trying to figure out what this guy's angle is for introducing a bill that's apparently designed to be dead-on-arrival. But I guess that would be verging into politics, and it's not that interesting anyhow...[/QUOTE]
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The latest "new coin composition" bill
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