Legislation Seeks All-Steel Coinage|
May 03, 2013
This article was originally printed in Numismatic News.
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Steel would be the new composition of the cent, nickel, dime and quarter if legislation introduced by Rep. Steve Stivers of Ohio in the U.S. House of Representatives becomes law.
The goal of the “Cents and Sensibility Act,” is to save $433 million in minting costs over 10 years and to use American steel in American coins.
Stivers says most copper, zinc and nickel presently used in U.S. coinage is imported from Canada.
The legislation is co-sponsored by two other Ohio congressmen. It was referred April 24 to the Financial Services Committee.
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On May 3, 2013 richard bryner
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