RCM removing coins out of system 1999 and back
Posted: Sat Oct 07, 2023 1:03 pm
Good morning,
It has been nearly 20 years since the RCM had taken upon themselves to forage for coins that are nickel base and other metals, melting these coins down and selling the metals, it was profitable to do so, than producing nickel or copper coins. the plated steel coins in 2000 (nearly 24 years ago) are cheaper to produce.
With all these nickel, copper and silver coins sent back to RCM, (from Constar, banks) did they track how many coins they actually melted down? Which would give us a clearer picture how many coins with nickel, copper and silver actually are still in circulation.
Or, did they through them all in to a caldron (Happy Halloween)
Am thinking coin roll hunting it's got to be fruitless with their determination to remove all valuable metals.
Thoughts and ideas welcome.
It has been nearly 20 years since the RCM had taken upon themselves to forage for coins that are nickel base and other metals, melting these coins down and selling the metals, it was profitable to do so, than producing nickel or copper coins. the plated steel coins in 2000 (nearly 24 years ago) are cheaper to produce.
With all these nickel, copper and silver coins sent back to RCM, (from Constar, banks) did they track how many coins they actually melted down? Which would give us a clearer picture how many coins with nickel, copper and silver actually are still in circulation.
Or, did they through them all in to a caldron (Happy Halloween)
Am thinking coin roll hunting it's got to be fruitless with their determination to remove all valuable metals.
Thoughts and ideas welcome.