Buried deep in the proposed Fiscal Year 2011 Budget released by President Barack Obama is one page that could have far reaching consequences into American circulating coinage, and reads as if it came straight from US Mint Director Ed Moy’s Congressional testimony nearly two years ago.
Titled "Other Savings: Coinage Material - Department of the Treasury," the proposed section seeks to grant the Department of the Treasury authority to change the composition and weights of the most common circulating coins: the penny (cent), the nickel, the dime, the quarter and the half dollar.
Stating that the primary cost driver for the United States Mint is ...
Full Article: Obama’s Budget Changes Coin Composition - CoinNews
