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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
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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
    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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    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.
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    Why would anyone be against this? While a smaller idea, it does save money. Every little bit helps.
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    Absolutely. Gold, silver, nickel and copper would be just fine. About time we did away with fiat money.
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    Our money today has no value from the material it’s made from. It is fiat money that only has the backing of the government. Might as well just make it out of plastic, we already have paper.
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    They already do have that Authority
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    Stop making pennies. Round up amounts to the next nickel like Canada does. And by the way, they use coins for one and two dollar transactions. Why can’t the United States be this progressive?
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    In 2016, the Wall Street Journal reported that the U.S. Mint cost to produce the one-cent coin increased to 1.5 cents during 2016. The federal government is losing money in making pennies that cost more than 1 cent to make. This legislation is common sense. In changing the material of the coins produced, it will help with reducing cost overall on the U.S. Treasury in distributing currency nationally.
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    👍🏻 S-1794 Bill AKA the Currency Evolution Now To Save (CENTS) Act 👍🏻 I’m in strong support of and recommend the passage of the Senate Bill S-1794 AKA the Currency Evolution Now To Save (CENTS) Act  WHICH would give the Treasury Department, specifically the U.S. Mint, the authority to change the composition of the nickel, dime, quarter, and half dollar coins if these changes save taxpayer dollars and do not impact the coins’ size or functionality. Changes would happen under the conditions that 1) they reduce the overall cost of minting the coin and 2) don’t affect coins’ diameter, weight and functionality. 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. SneakyPete ..... 👍🏻👍🏻👍🏻👍🏻. 8.13.19.....
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    If the Republicans get their way, we'd end up with plastic play money--just so they can put even more corporate welfare in the pockets of millionaires!
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    Recycled coins don’t sound like a bad idea. Anyway money has two values. Like a 20 dollar bill it’s worth both the value of 20 and the value of the paper it’s printed on which isn’t much. Money only has the value its given. If the US wrote 20 dollars on a piece of toilet paper and made that the official currency that toilet paper would the worth 20 dollars. I really don’t see anything wrong with changing the composition of coins. “Money” is given value, but by itself it’s nothing.
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    If it actually saves money. If the retooling costs exceed the savings, then no.
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    Do we still need pennies and nickels? Should paper one dollar hand five dollar be replaced by coins?
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    Ultra capitalist extremists are constantly coming up with schemes like this one. We need to look at who paid this Representative to sponsor this crud. Probably a lobbyist paid by mining companies. Btw if it costs 7 cents to make a nickel it’s worth it. A nickel is durable and will circulate many many times more than a dollar.
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    We are no longer on the gold standard, so trying to use precious metals of the same value as the monetary Value on the coin makes no sense at all. You can’t find a gumball machine that only takes a penny or nickel and the value of these coins isn’t worth the cost of the pockets in my Levi jeans that they wear out.
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    No. What nonsense is this? How about cutting back on spending? How about cutting back on the exorbitant salaries we pay congress? And cut back on their benefits! And no PENSION!!!! Let them save for retirement like everyone else. Stupid stupid stupid GOP.
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    They’ve already have changed the composition of coins in the past. I’m not sure how this is different
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    Instead of retooling pennies and nickels, simply do away with them and let the dime be the smallest value coin. I know it will be a change, but it's time to step up and stop spending our money on ridiculous endeavors.
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    Yes. Let’s get rid of coins altogether. Round everything to the nearest $0.50 paper dollar.
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    Affects on people who regularly handle coinage must be taken into consideration. I would want toxicity studies done on any proposed new materials.
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