Congressman Wants A Change In Making Coins
(Washington, DC) — An Ohio congressman wants the U.S. Mint to use steel for making coins. Steve Stivers says switching to steel would save the U.S. money. He says steel costs about 900-dollars a ton versus other metals that cost up to 12-thousand dollars a ton. The rising cost of materials and labor has made the manufacturing of some coins too expensive. Of the coins currently in circulation today, the cost of producing pennies and nickels is greater than the actual face value of the coins.