U.S. Bill Seeks Steel Cents, Nickels, Dimes, and Quarters

“On April 25, 2013, Rep. Steve Stivers of Ohio introduced a bill in the House of Representatives which seeks to immediately alter the metallic composition of the one-cent, five cent, ten-cent, and twenty-five cent coins. The legislation would require all four coins to be minted in American steel, with the cent coated in copper to preserve the current appearance.  The cent costs the United States Mint 2.0 cents to produce and distribute.  The five-cent coin or ‘nickel’ cost the US Mint 10.09 cents to produce and distribute in the latest fiscal year.  The bill would specifically require the coins be made of American steel going forward.”

http://news.coinupdate.com/bill-seeks-steel-cents-nickels-dimes-and-quarters-1952/

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