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Pennies and nickels cost more to make than they're ... - CNN Money


Jan 11, 2016 ... The U.S. Mint spends more to make pennies and nickels than the coins are worth . Switching to cheaper metals to produce U.S. coins would generate some savings for ... Get 2 stock picks every month ... But the U.S. Mint has decided a steel quarter would be too easy to counterfeit and so has ruled that out.

Easy to Lose and Expensive to Produce: Is the Penny Worth It? - WSJ


Sep 19, 2014 ... Adding to the expense is the fact that pennies—like nickels—cost more than their face value ... Canada decided to get rid of its penny in 2012.

Just How Much Does It Cost to Make a Penny? - Real Time ...


Dec 15, 2014 ... The nickel, too, is dead weight for taxpayers. Production costs stood at 8 cents last year, down from 11 cents. The lower cost per coin is largely ...

Effects of Price Rounding on the Economy


Eliminating the penny would impose a significant and regressive rounding ... to change anything that has become embroidered into the fabric of society. ... Proposals to eliminate the penny and move to the nickel as the lowest .... A collapse in metals prices means U.S. coins, including the penny, are less expensive to make.

Pennies And Nickels: More Expensive To Mint Than To Use | Mises ...


Jan 20, 2016 ... It's not breaking news, but the cost of producing pennies and nickels is still ... This has been an issue for the past decade, with no progress being made. ... laws, the temptation to debase that money is too great to withstand.

Should We Get Rid of the Penny? - 8 Reasons to Keep It vs Eliminate It


There are precedents for getting rid of coins that are too small to use. .... Second, once pennies drop out of circulation, the nickel will become the ... It's possible that what happens to the penny could end up depending not on the law, but on .... $1 bills, but retrofitting machines to take dollar coins would be very expensive.

U.S. Mint Says Pennies and Nickels, Already Too Expensive, Won't ...


U.S. Mint Says Pennies and Nickels, Already Too Expensive, Won't Get Cheaper. December 26, 2012 5:02 AM By Pat Loeb. Filed Under: KYW Newsradio 1060, ...

How to Make the Penny Worth 1 Cent Again - Live Science


Feb 16, 2012 ... The penny currently costs 2.4 cents and the nickel, 11.2 cents, to produce. ... the penny altogether, and giving a long hard look at the nickel, too. ... ways of making pennies and nickels from less expensive materials, which he ... accept a lightweight penny that is easily exposed as being made of plastic.".

The small fortune hiding in your loose change - ConsumerAffairs.com


Aug 14, 2014 ... Your nickels and old pennies might be too valuable to spend ... whichever you prefer) eventually made silver too expensive to use as everyday ...

The U.S. Mint's Production Materials Problem: Nickels Cost 11 Cents ...


Mar 13, 2013 ... Let's make pennies and nickels smaller, so that they use less materials and cost less. ... grows even the resources to create paper bills will become more expensive. ... What happens if all the money goes digital? ... is... and maybe changing our mind set about money in a way that changes our societies too?