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To reduce minting costs, proposed federal legislation will allow the U.S. Treasurer to study changes in metal content in coin alloys. However, the Coin Modernization, Oversight, and Continuity Act bans changes that negatively impact the vending industry.
Congress will retain the authority to approve any potential changes. The language states the U.S. Mint must consider “the effect on vending machines and commercial coin-processing equipment and…[ensure] that any new coins work without interruption in existing coin-acceptance equipment without modification”.
Also, the Mint “may not include any recommendation for new specifications for producing a circulating coin that would require any significant change to coin-accepting and coin-handling equipment to accommodate changes to all circulating coins simultaneously”.
Passage may occur in the post-election November Congressional session.
