New Bipartisan Bill Would Let The US Mint Alter The Metal Content Of Coins To Save Money

Yeah, I read this earlier and was going to post it but I forgot. I wonder what will be decided (if it passes)
And hopefully, they do it for just circulating coinage. Leave in the good metals in for collectors. (The cent goes back to copper? )

Copper and nickel will ultimately be phased out. Both will be needed for ev production.

after 157 years without change in composition or weight, except during WW II, the days of nickels made of nickel would seem to be numbered, along with the reasonable chance to complete a set of Jeffersons from circulation

All the changes they would have to make would create jobs and so on. I couldn't even fathom the details that would have to go into changing everything it would have to be so slight of a change in order for it to progress. They probably do a test run. Likenwhen Gates was making mayo out-of plant base products and didn't want to use eggs. He tested inthink in the midwest. Outcome of that I dont know. We're into saving the planet now and looking to live on another. Like cut backs they would need I'm sure resources and looking to see where they can take it from. Our resources maybe be depleting.

This is all Hypothetical.

They should start making the cent out of dry ice (frozen carbon dioxide). This would get environmentalists to put an end to the cent. I hope this is on topic enough

Heres the latest: the Mint recommends granting authority to the Department of the Treasury to produce coins with the 80/20 alternative metal for nickels, dimes, quarters, and half-dollar denominations. Based on 2022 production levels, this could increase revenue by approximately $12 million per year, and it is the one alternative metal that has completed its full research. Once authorized, the Mint would need approximately one year for final supplier validation for large-scale production before starting production for general circulation in the next calendar year.

During the past two years, the Mint has continued research and development of alternative metals for modernizing coins and improving general production. Those efforts are aimed at finding alternative compositions that will be less costly and seamless to the general public, coin handling industry, and vending machine operations/usage.

At this time, the Mint has identified one solution that could be ready to implement approximately one year after an authorization by Congress, as well as a few other compositions that future testing may determine to yield even more cost savings.The alternative 80/20 cupronickel has completed testing and is ready to be authorized for production. Once authorized, it will go through final validation and preparations to start full production for the 5-cent (nickel), 10-cent (dime), 25-cent (quarter dollar), and 50-cent (half dollar) coins. This alternative metal would be seamless, and would improve revenue. If this alternative metal had been available for production in 2022, the Mint estimates that it could have increased seigniorage by an estimated $12 million. Seigniorage is the difference between the face value of money—both paper bills and coins—and what it costs to produce it.

Additionally, the Mint is researching two forms of C99750 that show promise as a seamless alternative metal for coining. That research is ongoing and may yield additional savings in the future. The Mint has also continued to research alternatives to the copper-plated penny. While the alternative metals so far may not yield any cost savings, the current penny composition has only one identified
supplier capable of providing planchets for production. Having a single supplier is a significant risk, one the Mint recommends Congress consider when reviewing possible future legislation.

More here: https://www.usmint.gov/wordpress/wp...P5_FINAL.pdf

The five cent coin can be changed, but the cent is a total loss. Get rid of it!