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The Coinage Act of April 2, 1792 established the Mint and the regulation of coins in the United States. There was a relatively recent attempt to fix the issue. A bill introduced by U.S. Sen.
In 2023, H.R. 2817 was introduced to change the composition of coins to cheaper materials. It was sent to the Committee on Financial Services, and Committees on the Budget, and Rules. Cheaper nickel?