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Mint eyes changes in compositions of penny and nickel

RP news wires, Noria Corporation

Because of rapidly rising metals prices, it currently costs far more for the U.S. Mint to manufacture pennies and nickels than the face value of the coins themselves. That means the government loses money making the coins, a cost to taxpayers. But under a measure recently proposed by members of the Senate and House, the Mint would have the power to alter the metal composition of coins to make them cheaper.

 

Read this interesting article from USA Today by clicking on the link below:

 

http://www.asminternational.org/Template.cfm?Section=NewsReleases1&template=/PressRelease/PressReleaseDisplay.cfm&PressReleaseID=1091&News=1

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