Sunday, February 28, 2021
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Nickel Swap for Half-Dime Clarified in Legislation

Coin Legislation on Capital BuildingCongressman Frank Lucas introduced House Resolution 6942 Thursday that would swap today's Jefferson Nickel with a circulating half-dime of old.

In an article Friday, details were scarce because the Government Printing Office had not yet published the bill's text. That is no longer the case.

H.R. 6942 is officially entitled the '5 cent Restoration Act of 2008.' Interestingly, it is at the top of the brevity scale when it comes to coin legislation with fewer than a dozen sentences. At the bill's core are three lines that state its intent:

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Congressman Wants Nickel Replaced with Half-Dime

Oklahoma congressman Frank Lucas introduced new coin legislation Thursday that would replace the circulating Jefferson nickel with a smaller and lighter five-cent coin,...

U.S. Mint Director Ed Moy to Testify Tuesday about Metallic Composition of Coins

United States Mint Director Ed Moy will testify before the House Financial Services Subcommittee tomorrow, March 11. A CoinNews article Friday discussed...

CBS 60 Minutes News Video: Should We Make Cents? Part Two – Watch It Online

CBS 60 Minutes News Video: Should We Make Cents?The CoinNews Saturday eNewsletter and the short post Sunday morning included information about the Sunday night 60 Minutes news segment titled, Should We Make Cents?

Morley Safer reports on how the penny and nickel are worth less than the U.S. government cost to manufacture them - the penny almost two cents and the nickel almost a dime.

The largest portion of the segment, as the 60 Minutes title suggests, revolves around the various points of view on whether the government should stop making Lincoln pennies.

Why is the manufacturing cost of the 1-cent penny and 5-cent nickel up so much? United States Mint Director Ed Moy summed it up:

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Nothing New for Penny and Nickel

The debate heated up on whether the metal composition of coins should be controlled by the U.S. Treasury and whether the ban of melting...

Lincoln Pennies Should Be Melted; Forget the 5 Years in Jail

So says Democrat Congressman Zack Space of Ohio who's trying to help a company within his district. The company, Jackson Metals, would melt...

What is Coin Toning? How Does It Affect Coins and Their Value?

Coin toning can intrinsically increase or decrease the value of coins. Natural coin toning can be quite beautiful. It can also be outrageously ugly....

Pennies and Nickels Not Worth the Metal They’re Printed On

During just the first half of this year, nearly 5.4 billion pennies and almost 880 million nickels were minted. That’s a lot of...

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