Security → Re: Toner - Implications from Recycling as far as ID theft?

Oh i just thought of a win win to prevent fake coins. All plastic with holographic image or partial. And the gov starts a coin exchange to exchange your old school all metal for the new ones. but you are not requiered to turn them in and they can still be spent but get pulled from circulation as they are spent. Coin collectors would love it as their metal coins would skyrocket in value as rarity went up and they would have pockets full of now valuable collectible coins. And first run new coinage to keep as well hmm

On another note makes you wonder how many fake coins are in circulation as there is no way to check other than hey this looks fake or feels fake etc.

They probably did it because they were bored. Generally speaking it costs as much to make and launder believable fake coins as they are worth, or even more, significantly more for a small scale operation.

It's a multi-stage process that doesn't just stamp the coin, and nickel is very expensive, currently $8.50/lb. It would probably be prohibitively expensive even if you went the route of stamping in copper (cheaper alternative than tin) then electroplating nickle. Aluminum would be the only cost effective metal but then it would feel noticeably lighter than a real coin.

IMO someone would have better luck with the $1 coins because people are less familiar with them, until the bank contacts the depositor who remembers who passed so many unique coins.

You don't make a couple 100 dolor die because your board. As for nikcle being expensive there is very little nickel in even a nickel a pound would make a crazy number of quarters etc there is a tiny amount of it in them

A nickel costs our government more than 5 cents to make! Sad but true.

hmm i did not know that about the nickel. from article i found.

"To be precise, it cost 2.4 cents to make one penny in 2011 and about 11.2 cents for each nickel."