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action or later. Please see Debugging in WordPress for more information. (This message was added in version 6.7.0.) in /home/coinlaundry/public_html/coinlaundryassociation/planetlaundry/wp-includes/functions.php on line 6114U.S. Senators Mike Enzi (R-Wyo.) and Maggie Hassan (D-N.H.) have introduced bipartisan legislation to allow the U.S. Mint to adjust the metal content of circulating coins in an effort to save taxpayer dollars. The Mint estimates that, by adjusting the metal content of coins, the federal government could save between $10 million and $17 million a year.<\/p>\n
\u201cBy tweaking the metal composition of our coins, the U.S. Mint could, in the short term, create more coins amid a temporary shortage and, in the long term, save millions of dollars every year without any significant changes to the coins\u2019 weight or appearance,\u201d Sen. Hassan said.<\/p>\n
The bipartisan Coin Metal Modification Authorization and Cost Savings Act of 2020 authorizes the U.S. Mint to modify the metallic composition of circulating coins if that modification would reduce costs incurred by taxpayers and have minimal impact on the public.<\/p>\n
Congress and the Mint have reviewed coin composition a number of times over the years, based on the fact that the production cost of some coins \u2013 including the cost of the raw materials \u2013 exceeds the face value of the particular denominations of those coins.<\/p>\n