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senate Bill S. 1794

Should the U.S. Mint Have the Authority to Change Coins’ Compositions to Save Money?

Argument in favor

Minting pennies and nickels under their current composition currently costs more than they’re worth. This commonsense legislation would allow the U.S. Mint to adjust coins’ composition to save taxpayers’ money.

burrkitty's Opinion
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last Tuesday
Just stop making pennies and nickels. We hardly use them. Most vending machines won’t take them and pay phones are a thing of the past. Trade up for dollar and 5 dollar coins since coin is more durable than paper money and use cheaper material across the board. All the world currencies are fiat money now so it literally doesn’t matter what it’s made of as long as it’s durable. It could be recycled plastic for all that it matters.
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Carmine's Opinion
···
last Tuesday
Let’s save the tax payers $120 million a year & use it to cleanup the streets covered in trash. Cloth, feed, & shelter our mostly homeless war veterans. That most likely suffer from some sort of ptsd. We could also use the savings to pay off our deficit & bring us closer to a surplus. Why not erect the wall & send back the illegals stealing hard working tax payers benefits.
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Michael's Opinion
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last Tuesday
Do away with the penny, and save even more money.
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Argument opposed

Even if the Mint loses some money on minting pennies and nickels, it more than makes up the difference through paper money. It’s not worth the Mint’s time and effort to reconfigure coins’ composition.

Doug's Opinion
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last Tuesday
If it costs more to mint pennies and nickels than they are worth, let’s have a debate about discontinuing those coins instead.
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Mart's Opinion
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last Tuesday
Gold and silver are the only real monies. To debase, take away value, steals from all of us. It creates inflation and taxes us before we even earn the money, while we’re sleeping we’re getting robbed.
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Thelma's Opinion
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last Tuesday
Tax the ultra wealthy to save LOTS of cents. This is republican penny pinching in all its glory. Be bold, tax the 1% appropriately. We will have all we need.
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bill Progress


  • Not enacted
    The President has not signed this bill
  • The house has not voted
  • The senate has not voted
      senate Committees
      Committee on Banking, Housing, and Urban Affairs
    IntroducedJune 12th, 2019
    Just stop making pennies and nickels. We hardly use them. Most vending machines won’t take them and pay phones are a thing of the past. Trade up for dollar and 5 dollar coins since coin is more durable than paper money and use cheaper material across the board. All the world currencies are fiat money now so it literally doesn’t matter what it’s made of as long as it’s durable. It could be recycled plastic for all that it matters.
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    They need to start phasing pennies out.
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    Let’s save the tax payers $120 million a year & use it to cleanup the streets covered in trash. Cloth, feed, & shelter our mostly homeless war veterans. That most likely suffer from some sort of ptsd. We could also use the savings to pay off our deficit & bring us closer to a surplus. Why not erect the wall & send back the illegals stealing hard working tax payers benefits.
    Like (30)
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    Do away with the penny, and save even more money.
    Like (18)
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    If it costs more to mint pennies and nickels than they are worth, let’s have a debate about discontinuing those coins instead.
    Like (14)
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    So the U.S. Mint is a for-profit operation?
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    I see no particular issues with making this change. I would guess that it could make copper and nickel more available and less expensive for applications that require these metals and treasury recycled coins could net a profit! However, I have no strong basis to make that assertion. .... .... Although, I may start hoarding as many of the old coins as I can, just for the value of the metals used in making them. Especially if the orange one gets another term. The old coins metal value would increase making it more valuable then our currency in the likely orange-one’s induced greatest depression ever and the deflation that would accompany it.
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    US pennies and nickels aren't worth anything anyway. People drop them and don't bother picking them up, kids throw them around like confetti. Why bother minting them at all? Even quarters aren't worth much.
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    Gold and silver are the only real monies. To debase, take away value, steals from all of us. It creates inflation and taxes us before we even earn the money, while we’re sleeping we’re getting robbed.
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    We need to stop producing coins altogether! We have enough in circulation and they’re being used less and less.
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    Tax the ultra wealthy to save LOTS of cents. This is republican penny pinching in all its glory. Be bold, tax the 1% appropriately. We will have all we need.
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    Yes! This is basic Economics 102. The first class 101 is to tell all you broke-ass people that you're broke-ass is broke because you apparently don't understand how economics works in this society🙊😉 Haven't you always heard and or seen this statement throughout life... "It takes money to make money." Well, just so happens we're literally at that point with this Bill, and it's proving to be true in this particular situation. We should save money where we can AT ALL COSTS. We should find the most effective/efficient way and products to keep/save money at all times, literally. It doesn't matter what the currency is personally valued at, the value is what can we get for that said coin or bill. If our currency IS valued at a certain price-point and secured under our laws, rules and regulations, while at the same time, keeping up with technological and safety(theft) advances, thst would be a good thing. I ask why not continue to grow and 'change'with our environment. We as living beings came through and live evolution. Why not make advances to all our lives. We aren't dedicated to any particular dollar bill. By the looks of it people don't care too much about it the way they let it fly outta their lives so fast without getting 'value' from said coin or bill. Let's build value in every little aspect we can😉 If we can do that...well... GIT ER DONE🤓🤠 PuffPuffPass💨💨
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    Yes. Money is only a representation of the value of the United States. If it saves money, great. However, why aren't we looking at ridding ourselves of pennies and having one dollar and five dollar coins? They last long and cost less. Oh, and let's not be stupid for the third or fourth time and create a dollar coin the size of a quarter.
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    Let’s talk about the REAL COST IN THIS COUNTRY. THE MILITARY. 60%+ of the budget is the Military without any accounting!!! We use all coins. Can’t imagine that no one used coins. That’s crazy.
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    I have a better idea. It’s time to get rid of the hundredth in our money...but that would also mean changing the .25 to .20 so maybe in the mean time... just drop the penny. Everything rounds to the nearest 5 cents. That will be cheaper than the cheapest penny. But if you want to make a real difference drop the nickel too! Add a 20 cent piece (with Lincoln’s face of course) and slowly drop the 25 cents (because you can’t break it), make a usable dollar coin with Washington’s face of course, not the random ones we use so rarely, and maybe even a two dollar coin with Jefferson’s, so we don’t have to make so much paper money. Since coins last a lot longer. With digital money like our phones wallet becomes more popular, coins will be better suited with higher values. Right now they are so low that if people are like me, they just go in a bag until I go to coin star, I hate counting out 17 cents much less 84 cents at a counter. We have had different coin values before, nothing says we must keep the coins we use today.
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    We already do not back our dollar. Russia has managed to back their currency and China always has. The United States makes a lot of money because all international business is done by the US dollar. It has been a struggle to keep it that way due to the fact that the value of our money is attitude rather than gold.
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    Maybe we can recycle plastic straws to make plastic coins. This is not a good idea. Our money should have some real value not fake value.
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    Again I’m will jimK on another issue. I see no particular issues with making this change. I would guess that it could make copper and nickel more available and less expensive for applications that require these metals and treasury recycled coins could net a profit! However, I have no strong basis to make that assertion. .... .... Although, I may start hoarding as many of the old coins as I can, just for the value of the metals used in making them. Especially if the orange one gets another term. The old coins metal value would increase making it more valuable then our currency in the likely orange-one’s induced greatest depression ever and the deflation that would accompany it.
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    Save money by not having military all over the globe. We don't need them in every country, nor do the people want us there.
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    Any time spent to save money or be more efficient is time spent well. Let’s put our best minds at this task and quickly get the ball rolling. Let’s watch that money saving happen and put that to good use
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