Reintroduced Bill Seeks Steel Cents, Nickels, Dimes, and Quarters

http://news.coinupdate.com/reintroduced-bill-seeks-steel-cents-nickels-dimes-and-quarters-4674/

Not sure if this is a good idea or not. I think I'd rather let this go thru via the research from the Treasury as to what metals are a good choice for circulating coinage. It's not like we're loosing money on our coins - through seniorage we're making money from the larger denomination coins. I think I'd have to put this bill in with the one recently filed that is trying to kill the dollar coins again, even though they're all but dead already and don't cost us anything. It's a "feel good" bill, not one that really does anything.

 

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The "lets make our already worthless coins even more worthless" bill...

 

Next thing you know they'll want to use aluminum or plastic.

 

no me gusta... would that mean that our monetary value would go through restructureing similar to the french and german monetary values in the 50s and zimbabwe govt in the past 15 years? also being a numismatist but would take on a whole new meaning as the current circulating coinage would become intrinsically valuable and future coinage being highly prized in AU-MS as it would quickly degrade; noting the condition of 1943 steel coinage today. I think maybe an alloy of tungsten-silicon or even cobalt would be viable but that would depend on the alloys maliability when stamped and the die durability. why not go for it and just encase postage again. I liked Nofed's idea more.or how about trading chickens and dowerys

 

But we would make even more money if we stopped making the ones that we are losing our shirts on.

But this bill doesn't do that, it keeps the money losers and tries to squeeze more profit from the ones that are profitable. Not to worry though this bill is going nowhere. It has just 2 co-sponsors. I think it needs something like 240 to bring it to a floor vote.