The metal alloy is a possible replacement for/alternative to cupronickel cladding material used on currently-circulating clad coins. In the preferred embodiment, the (steel)metal alloy cladding material comprises 73-77% iron, 22-26% nickel, 0.2-0.5% carbon, and 1-5% manganese. The cladding material has an International Annealed Copper Standard (IACS)conductivity of less than 2%, a permeability of approximately 1.0-1.1, and a hardness value of 50-70 HRC 15 T (Rockwell Hardness). In alternative embodiments, the steel alloycomprises a monolithic coin or a core that may be plated with other metals.

FIELD OF THE INVENTION
The disclosed alloy comprises a cladding material for making coins. Specifically, the disclosed steel alloy comprises a coinage material that is suitable for use as an alternativecladding for currently-circulating US coins.

BACKGROUND OF THE INVENTION
Over time, the value of some coin materials have increased to be worth more than the face value of the coins. Steel is an attractive alternative material for replacing somecurrent coin alloys-primarily because of steel's low cost and excellent durability. The current price of steel is only about 1/10 to 1/15 of the price of copper. However,steel has a high permeability (i.e. degree of magnetism) and other problematic electrical and surface-hardness properties. Specifically, steel's lag phase angle is completelydifferent from non-ferromagnetic materials. Consequently, existing coin validators will not recognize (for example) a steel quarter-even though the steel quarter may have the samedimensions and stamping as currently-circulating quarters

However, some steel alloys are non-ferromagnetic and have significantly different properties than common steel. To use most steels, stamping tonnage must be increased by morethan 20% (relative to copper or cupronickel) to achieve a clean stamping relief result. To be usable, a steel coin must have low strain hardening properties (i.e. be sufficientlysoft) for effective stamping, and have a relative permeability that is close to 1.0. A relatively high nickel-steel coin can meet these criteria. If steel containing 18% nickeland 0.60% carbon is quenched in water, the material will be perceptibly softened. If the amount of nickel is raised to 25%, this softening is even more apparent. Generally, as theamount of nickel increases, the steel softens, and a 25% nickel steel can be worked cold almost as easily as German silver or cupronickel.

The need exists for a replacement alloy material that is less expensive and more durable (among other things) than the cupronickel coin cladding material that is currently inuse. As described herein, the inventors determined that, by manipulating various steel alloys, a nickel steel alloy could be identified and developed for use as an alternativecoin cladding material for coins such as US dimes, quarters, half dollars, and dollar coins. The material described herein meets that criteria and is compatible with coinvalidator/acceptor machines currently in use.

SUMMARY OF THE INVENTION
This disclosure is directed to a steel alloy to be potentially used as cladding material for new US coins. The cladding material described herein is an alternative to the existingcupronickel cladding on currently-circulating US coins. In the preferred embodiment, the cladding material described herein comprises 73-77% iron, 22-26% nickel, 0.2-0.5% carbon,and 1-5% manganese. The cladding material has an International Annealed Copper Standard (IACS) conductivity of less than 2%, a relative permeability of approximately 1.0-1.1, anda hardness value of 50-70 HRC 15 T (Rockwell Hardness).

Steve adds:

For the complete U.S. Mint patent, see:
Metal Alloy for Coin Production (https://patents.justia.com/patent/10472703)
http://www.freepatentsonline.com/10472703.pdf