Costly Coinage

pennyThe Friday File: It costs the US Mint 1.7 cents to produce a penny, 9.4 cents to mint a nickel. As the Mint makes about five billion pennies/year and one billion nickels/year, those overages sum up to a loss of $110 million/year. Being a penny pincher, I say stop pushing pennies, or at least make them out of steel, not increasingly costly zinc. That way we wouldn’t be taking wooden nickels.

Share This Post
Facebook Twitter Email

Speak Your Mind