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Newspaper
Cedar Rapids Gazette
Location
Cedar Rapids, Iowa, United States of America
Date
Jan 01, 1974
Page
6
The Treasury requests Congress grant standby power to the secretary to change the one cent coin from copper alloy to tungsten or tungsten alloy as copper prices rise and the registration grid determines copper use in the cent.
A fragmented item discusses the money cast of a one cent piece. It estimates 8 percent cap and about 0.7 cents for tin and zinc content. It notes proposed aluminum changes would add roughly 62 percent to the cost per piece and cites bronze as a practical alternative now used in 36 countries.
The mint tests seven aluminum alloy cents with a goal of a 9 percent aluminum mix to cut costs. Production would take at least three months after securing alloy while bronze supplies run down. Copper prices have surged above 1 per pound, signaling potential savings of about 40 million yearly and energy gains, with design changes under evaluation and Lincoln as central to the series.
A controversial portrait of Spiro Agnew was hung two days ago in the Maryland State House reception area outside the governor’s office. Governor Mandel and other officials reportedly attended a quiet ceremony amid questions over the $2,000 state funded portrait and its timing.
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Washington heavy spending reveals private Pentagon dining rooms offer steak or lobster for $2.10 to admirals, with 23 exclusive spots worldwide. A House Appropriations Committee review flags the $18 million yearly tax-funded outlay, while civilians also access expensive meals.
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