The president says he’s killed off production of money-losing pennies, but nickels cost even more money to make—and we'd need ...
Data from the U.S. Treasury shows that it costs nearly 4 cents to produce a single penny and nearly 14 cents to produce a ...
Phasing out the penny could result in needing to make more nickels, and the U.S. Treasury Department loses far more money on ...
each penny costs 3.7 cents to make, including 3 cents for production costs, and 0.7 cents per coin for administrative and distribution costs. But each nickel costs 13.8 cents, with 11 cents of ...
Remember that penny you offered for your boss’s thoughts? Well, it costs about 3.7 cents to make, according to the U.S. Mint. The only other U.S. coin that costs more to create than its face value is ...
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