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Hecla Mining Co. Message Board

  • tomg86402 tomg86402 Mar 15, 2008 7:36 PM Flag

    Plastic Coins

    Plastic Coins…

    A few days back, I was moving some 90% silver coins around and dropped one on the kitchen floor. What’s that sound? That ringing sound, that very distinct sound of real money. Yes, it’s the sound of value, the sound of real Silver money. With a big smile on my face, I bent down and picked up the silver coin and placed it along side with its own kind. Silver calls out its value when dropped on a hard surface. Try it sometime, take a 1965 or newer copper sandwich quarter, drop it on the floor or counter, then drop the 90% silver quarter. You can tell the difference right away. The 90% silver coin is ringing out “Intrinsic value“. The newer quarter is whispering “cheap cheap falling in value cheap“.

    I got to thinking about the sound of real money, and it reminded me about the US Mint and it’s warning to the public about melting copper pennies or nickels for the scrap value of the metal. Fact is the metal in the old copper penny and nickel are worth more then the face value of the coin.

    Then I remembered a trip to Wal-Mart a while back. I don’t recall what I was shopping for, but I noticed a small plastic bag filled with plastic coins. Upon further examination, I saw that the coins were US replicas of our currant coins and were intended for use by small children learning to count change or deal with money. The Plastic Coins actually looked pretty good.

    So, here is my recommendation to the US Mint and US Government. As the dollar continues to fall in value and the cost of metals continue to rise, why not consider US Plastic Coins. The Mint could subcontract to a large toy maker like Hasbro or Mattel. They in turn could have our new Plastic Coins made in China for next to nothing. In addition, I guess we could just go ahead and have Plastic Coins for the $1.00 through $100.00 bills also. We just need to send a couple of Treasury guys over to China to make sure we get all the Plastic Coins produced. Come to think of it, I guess we could just pay China in Plastic Coins for the Plastic coins they Produce. I tell you, this has possibilities.

    I hope the US Mint and the US Congress will give some consideration to this money saving idea of “Plastic Coins“. If the US decides to use this idea, I would expect a large sack of Plastic Coins for my idea. And, since the new Plastic Coins would be Legal Tender backed by the full faith and credit of the US, I would take my new Plastic Coins and rush to buy more 90% Silver Coins.

    Good luck to all Silver longs

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