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May 07, 2008

Steel yourselves …

Congress wants the U.S Mint to not only consider making steel pennies, but steel nickels, too.

The cost of a current penny, almost all zinc and very little copper, is about 1.25 cents. A nickel, which is actually three-quarters copper and one-quarter nickel? About 7.5 cents.

But, in BushCo executive wrangling, the White House opposes the bill as being too prescriptive to the Mint and not delegating enough leeway.

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