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Could US bill prohibit bullion coins?

October 8, 2013 – On September 19, 2013 the SAVE II Act (H.R. 3146) was introduced in the House of Representatives. The bill intends to prohibit the issue of circulation coins whose production cost exceeds their face value as it is the case with the cent and nickel coins.
However, this goes, naturally, also for bullion coins like the Beautiful Five Ounce Silver Bullion coins – with a denomination of 25 cents far below the production cost. But not only are the bullion coins much requested by the clients, they are a big profit business too because they are not sold for their face value which, actually, is purely symbolic and is not linked by any way to the intrinsic value or production cost.
To prohibit their production is probably not the idea of the bill but it may be a result of it.

You can find the bill on the official govtrack website.

An article on this issue was published at CoinUpdate.

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