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<p>[QUOTE=&quot;NorthKorea, post: 1772412, member: 29643&quot;]Honestly, it doesn&#039;t matter if raw materials of a coin cost 110% of the face value of the coin, so long as there isn&#039;t en masse hoarding of the coins. Nickel is a great material for coins, if you&#039;re able to generate necessary pressure to impress a design upon them. Due to the hardness of the metal, it takes a while to wear them to the point where you won&#039;t recognize _what_ the coin is (denomination and country). The reality is that seigniorage will always make the business of making money profitable. The Mint issues a nickel at a cost of, say, 8-cents. The nickel adds about 48-cents of value to the economy. Net cost minus-40-cents; face value 5-cents; net profit to government: 35-cents.</p><p>&nbsp;</p><p>And, yeah, steel rusts. It was a failure for pennies. This is essentially the same reason we don&#039;t have pure aluminum coinage: aluminum corrodes at high rates.[/QUOTE]</p><p><br /></p>

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