Monday, December 19, 2011

Bill Requires American Steel in both Penny and Nickel

H.R.3693 to require American steel in both the Lincoln cent and the Jefferson nickel

WASHINGTON – Rep. Steve Stivers says it costs 9.22 cents to make a nickel and 1.79 cents to make a penny — and he introduced a bill last week to change that.

Stivers, R-Upper Arlington, joined with Reps. Tim Ryan, D-Niles and Pat Tiberi, R-Genoa Twp., to back a measure to lower the cost of producing pennies and nickels and to ensure they are minted with steel instead of minerals imported from outside the United States.

Currently, pennies are made of . . .

Read more at: Dayton Daily News

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