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Coin Project

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Submitted By maddiehaller
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If I were to create a coin it would be made from titanium and be worth five dollars. I would make the coin the shape of a rectangle with the shorter sides being and inch and the long and the longer sides being two inches. This coin would also be worth five dollars. When creating a new coin it is important to put consideration into the element that is being used, the design of the coin, how long the coin will last and go through circulation, the materials that will be used, and the refining process it has to go through.
The coin I am creating will be made out of titanium. Titanium is a very strong lightweight metal that is commonly used to make aircrafts, jet engines. ("Mints are Struck by Millennial Madness.") It is also used for artificial hips, pins for setting bones and for other biological implants sense titanium does not react with the human body. Titanium is 45% lighter than steel and just as strong, but 60% heavier than aluminum and twice as strong. Titanium is the ninth most abundant element in the earth's crust, so it is one of the easier elements to find. (“The Element Titanium.”) Using titanium will make the coin very strong and long lasting. Unfortunately, the high cost of titanium will make the use of the coin a bit more difficult.
The titanium coin design will be simple, but will still protect it from being counterfeited. Being that the currency is being made into a coin it already makes it harder to counterfeit. The coin will be in the shape of a rectangle with the shorter sides being an inch and the long, the longer sides being two inches, and the thickness being a tenth of an inch. Therefor the coin will weigh 14.174 grams. It will also have the value on one side and a flower on the other. However, for extra protection there will be two small triangle shape notches cut into the top right had corner and the bottom left hand corner.
I chose titanium for my coin because it is an extremely strong metal the isn’t easily corroded. (“The Element Titanium.”) Titanium also has low density but can hold up even with extreme temperatures. It is also abundant in the earth’s crust, and found in igneous rock. (“Titanium.”) Titanium is an expensive metal to use and work with but to make it worth it the coin will be in circulation for 30 years. That is five years more than the average coin, and the average dollar bill usually last 18 months. ("When did coins replace stones, cattle, and other early forms of money?.") The five extra years added to the circulation works, because titanium is an extremely strong metal and doesn’t get worn down as easily. Due to the fact it is expensive the coin will be worth five dollars.
In order to get titanium into a coin for it has to go through a refining process. First the it is mined usually from an open pit and then sent to a factory. While in the factory materials are separated through magnetic, electrostatic, and other gravity-fed equipment to further purify the materials. The real process starts with the treatment of titanium oxide ore with chlorine to produce titanium chloride.Next the titanium chloride is reduced using either sodium or magnesium. Finally, the titanium is sealed and sits for a few days. During all of this it is important that everything is sealed tight due to the fact exposure to oxygen created a brittle titanium. It requires about 17 days total for extraction and processing for titanium. (“Extraction and Refining of Titanium.”)
Even though titanium is an expensive metal I believe it would make a good five dollar coin. It will have it’s own design, have it’s own counterfeiting strategies, go through circulation, and go through a refining process.

Extraction and Refining of Titanium. (n.d.). Extraction and Refining of Titanium. Retrieved October 17, 2014, from http://www.azom.com/article.aspx?ArticleID=11045

The Element Titanium. (n.d.). It's Elemental -. Retrieved October 14, 2014, from http://education.jlab.org/itselemental/ele022.html

"Mints are Struck by Millennial Madness." Toronto Star: 1. Aug 21 1999. ProQuest. Web. 17 Oct. 2014 .

Titanium. (n.d.). - Element information, properties and uses. Retrieved October 15, 2014, from http://www.rsc.org/periodic-table/element/22/titanium

"When did coins replace stones, cattle, and other early forms of money?." H.I.P. Pocket Change™ Web Site. N.p., n.d. Web. 17 Oct. 2014. .

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