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<p>[QUOTE="Rassi, post: 2695165, member: 22149"]Another new bill introduced to get rid of the dollar bill, this one also eliminates the penny, and changes the composition of the nickel:</p><p><br /></p><ul> <li>A change in the composition of the nickel—specifically going to an 80 percent copper and 20 percent nickel alloy composition—would generate at least $5 million in savings annually, according to the Mint’s 2014 annual production levels.</li> </ul><p>I don't believe the previous COIN acts included ditching the penny, but they did allow for changing the composition of any of the coins to save money. I don't see any mention of who supports the bill besides the people who introduced it, Senators John McCain (R-AZ) and Mike Enzi (R-WY), so it probably won't go anywhere.</p><p><br /></p><p>I'd like to see the dollar bill eliminated, but I just don't think it will happen.</p><p><br /></p><p>Full article here: <a href="http://www.dollarcoinalliance.org/2017/03/29/press-release-new-legislation-will-provide-billions-in-budget-savings-by-modernizing-dollar-currency-reducing-cost-of-nickel-production-and-suspending-the-penny/" target="_blank" class="externalLink ProxyLink" data-proxy-href="http://www.dollarcoinalliance.org/2017/03/29/press-release-new-legislation-will-provide-billions-in-budget-savings-by-modernizing-dollar-currency-reducing-cost-of-nickel-production-and-suspending-the-penny/" rel="nofollow">http://www.dollarcoinalliance.org/2017/03/29/press-release-new-legislation-will-provide-billions-in-budget-savings-by-modernizing-dollar-currency-reducing-cost-of-nickel-production-and-suspending-the-penny/</a>[/QUOTE]</p><p><br /></p>
[QUOTE="Rassi, post: 2695165, member: 22149"]Another new bill introduced to get rid of the dollar bill, this one also eliminates the penny, and changes the composition of the nickel: [LIST] [*]A change in the composition of the nickel—specifically going to an 80 percent copper and 20 percent nickel alloy composition—would generate at least $5 million in savings annually, according to the Mint’s 2014 annual production levels. [/LIST] I don't believe the previous COIN acts included ditching the penny, but they did allow for changing the composition of any of the coins to save money. I don't see any mention of who supports the bill besides the people who introduced it, Senators John McCain (R-AZ) and Mike Enzi (R-WY), so it probably won't go anywhere. I'd like to see the dollar bill eliminated, but I just don't think it will happen. Full article here: [url]http://www.dollarcoinalliance.org/2017/03/29/press-release-new-legislation-will-provide-billions-in-budget-savings-by-modernizing-dollar-currency-reducing-cost-of-nickel-production-and-suspending-the-penny/[/url][/QUOTE]
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