Friday, November 30, 2012

Steel Coins Might Be Coming

I kind of like the idea of steel coins and it seems to be a way to save the mint a few million.

Several lawmakers were more intrigued with the idea of using different metal combinations in producing coins.

Rep. Steve Stivers, R-Ohio, said a penny costs more than 2 cents to make and a nickel costs more than 11 cents to make. Moving to multiplated steel for coins would save the government nearly $200 million a year, he said.

I mean you could then melt the coins together and make various things out of them. It would be interesting to see a steel penny not be copper colored. It would kind of be like what they did in WW2 when copper was used in the war effort.

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