Presentation on theme: "Coin Project Joe Hill Bob Jones. Material Design n The new half-dollar will be cobalt n Cobalt has to it’s low market price per kilogram (1 pound=0.45."— Presentation transcript:
Coin Project Joe Hill Bob Jones
Material Design n The new half-dollar will be cobalt n Cobalt has to it’s low market price per kilogram (1 pound=0.45 kilograms) (US: $.07/kilogram as of 2007). It is also fairly abundant because it is found in conjunction naturally with zinc which is inexpensive and mined on a massive scale.
To Prevent Counterfeiting n These measures will be taken to avoid counterfeit 1. Fine details using highly expensive machines that are only available to the buildings of the United States Mint. These details are as follows. n Extreme surface clarity and side lettering that says on the side of the coin: Carpe Noctum.
Rationale n Due to it’s low reactivity it will be hard to counterfeit. Counterfeiters, unless they have a large supply of pure cobalt will have a hard time counterfeiting it. They won’t be able to make any plated versions of the coins. n It’s low market price makes it perfect for mass- production
Source n We will import from Bolivia. Costing us an extra 2$/.45 Kilograms
Refining n Cobalt is refined through the process of Pyrometallurgy which smelts the ore so that we can separate the cobalt from the cobalt from the zinc n Heat mineral with coke ( C ) or carbon monoxide (CO). The carbon and the carbon monoxide are formed by the heat. n It involves treating metals and ores with heat, as in a blast furnace. Carbon and Carbon Monoxide are used as reducing agents (any process in which one or more electrons can be considered as gained by a chemical species) in these furnaces.
Life expectancy Life expectancy n Although most coins have a 30-year life expectancy, we will need to replace the coins every 25 years as a safety precaution against counterfeit. So, we will need to produce these coins at a rapid pace, but we will need to slowly take these coins out about 5 years into producing them. The rate of taking away is not known yet. n Cobalt can be smelted down and the material can be used again as soon as the coins are revoked. We will encourage.
Production n We will start by having our artists make a design. n Since we have no need to plate our coins, we will have no harmful chemicals in them.
Size and Symbolism n The coin will be roughly half an inch in diameter. n The coin will show a 50 cents sign on one side, and the face side will have a picture of JTHM, along the bottom, in place of, in God we trust will be the statement: “In Nail Bunny We Trust”. n This will encourage teenagers to spend because it shows a cultural icon.
Cost Analysis n The cost of production is fairly cheap looking at $12.07/.45kilograms n This includes the location of resources, processing, production, and distribution. n $0.07+$10.00 (average circulation price), +$2.00= $12.07