New Bipartisan Bill Would Allow US Mint to Alter Metal in Coins to Cut Soaring Costs
A bipartisan bill introduced today would allow the US Mint to alter the metal content of coins in order to save taxpayers money. Moreover, the new legislation was introduced on Thursday, with a pair of senators sponsoring the money-saving bill. Specifically, GOP Senator Joni Ernst of Iowa and Democratic Senator Maggie Hassan of New Hampshire have devised the bill. Additionally, the legislation would hopefully cut the increased cost of minting the raw metals necessary for American coins. Source: US Mint US Bill Combats Rising Raw Metal Costs A recently released report from the US Mint shows that the cost of raw metals in 2022 went soaring. Moreover, the development then drove an increase in the price of minting a nickel past 10 cents. Subsequently, it was more than double the value of the coin itself. Now, two senators have presented a bipartisan bill that would allow the US Mint to alter the metal content of coins. Ultimately, saving taxpayer money through the decre...