Quote Originally Posted by jghilino View Post
Well in my opinion the penny and nickle should be converted over to zinc plated steel and the dime and quarter should be zinc or zinc based alloy. This new round of QE and more rounds to come over the next 4 years will push metal prices higher due to inflation which will force the government to address the issue. I think they will keep kicking the can down the road till copper hits $5 and nickel hits $10.
If mints use steel well it will be easy to implement Gresham's law with a magnet, So if QE is implemented more and more I guess why not use steel coins and paper money as the only new currency to keep cost down.