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Gold/Mining/Energy : Gold and Silver Juniors, Mid-tiers and Producers -- Ignore unavailable to you. Want to Upgrade?


To: aknahow who wrote (27799)12/14/2006 11:54:21 AM
From: heinz44  Read Replies (1) | Respond to of 78419
 
They will be using recycled plastic for all coins shortly.
Save all your metalic coins, will be in short supply...can sell @ a premiom shortly.



To: aknahow who wrote (27799)12/14/2006 2:32:18 PM
From: Canuck Dave  Read Replies (2) | Respond to of 78419
 
I have a story...

Last summer, I took my niece and her family to a local tourist spot called Butchart gardens. We tour around and I watch the kids while they get their lunch. I then go in the food line and get behind an older woman who is trying to pay for her lunch with silver quarters and halfs!

Like out of a scene from the Simpsons with the fast food punk, the male cashier was willing to take the silver quarters at par, but as for the half dollars (are you ready for this?)...

"I'm sorry ma'am, but I'm not enpowered to accept these."

I offer to buy all her silver "on the spot" "at spot", but we get to talking and I cannot tell a lie. "That 50 cent piece is worth at least four bucks".

As a follower of precious metals it was;

1. A moment.

2. Indicative of how much precious metals have disappeared from public awareness.

CD



To: aknahow who wrote (27799)12/14/2006 2:53:34 PM
From: E. Charters  Read Replies (1) | Respond to of 78419
 
Anodized steel coins would be the solution to wear and cheapness.

Alternatively they could just go back to gold and silver and increase the value of the coin.

Low denomination money has always cost near to or more than its face value to produce. The farthing went the way of all flesh more than a 100 years ago for just that reason.

A certain CDN nickeliferous magnetite deposit makes stainless steel by direct reduction. It is not that high in magnetite but just high enough to make a corrosion/wear resistant nickel stainless from a mag concentrate. I am not sure about chrome content, but there is a chromium deposit nearby so some of that may be in there too.

Interestingly, the nickel for the CDN loonies was reputed to have come from a mine outside Timmins that had a very low copper content. Timmins nickel. Their con was shipped to Sherrit Gordon in Manitoba.