U.S. Coin Collecting

Bills Seek to Change Cents and Nickels to Steel

Two new bills would have the U.S. Mint use steel in cents and nickels The metallic composition of cents and nickels would be changed if newly introduced legislation becomes law. According to two separate bills introduced on December 15, 2011, America's two lowest denominated coins should be struck primarily from steel. Congressman Steve Stivers of Ohio introduced the proposed changes as part of the Cents and Sensibility Act, H.R. 3693, and the Saving Taxpayer Expenditures by Employing Less Imported Nickel Act, H.R. 3694, also known as the STEEL Nickel Act. Taxpayer savings was the reason given for each. Read the rest of Bills Seek to Change Cents and Nickels to Steel