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The Penny Will Not Be Eliminated ... At Least Until 2015


Mar 14, 2014 ... The penny cost 1.8 cents to mint; the nickel cost 9.4 cents. ... isn't entirely convinced that the coins will be as expensive to make in the future. ... The nickel, likewise, has become cheaper to produce, going from 11.1 cents to 10 cents to 9.4 cents. ... But Congress still has a say in what happens to the penny.

8 Valuable Coins That Could Be Hiding in Your Change - Mashable


Aug 25, 2014 ... These eight valuable coins could be hiding in your pocket right now. ... It would be too easy to make a corny joke about this coin. ... The error has happened before, in 1969 and 1972, and those versions of the coins are ... Melting down pennies and nickels is a federal offense, but the coin might still fetch you ....

How to Make the Penny Worth 1 Cent Again - LiveScience


Feb 16, 2012 ... The penny currently costs 2.4 cents and the nickel, 11.2 cents, to produce. ... eliminating the penny altogether, and giving a long hard look at the nickel, too. ... ways of making pennies and nickels from less expensive materials, which ... If pennies and nickels literally become "loose change" — if they cont...

Mass Inflation Ahead — Save Your Nickels! – SurvivalBlog.com


Feb 27, 2015 ... It is still a 5 gram coin that is an alloy of 75% copper and 25% nickel. ... When this happens, it is one of those embarrassing “emperor's new clothes” moments. ... to the greatest extent practical of elements that are not as expensive as nickel. ... the number of digits required to express a price grows too large.

Steeling money: Lawmakers hope to save billions with new pennies ...


Jan 23, 2015 ... Those members say most of the minerals used to make these coins come from ... costs more than 1 cent to mint a penny, and more than 5 cents to mint a nickel. ... of more costly minerals that are becoming too expensive to import. ... Here's What Happened (Popdust for Nutrisystem)(Popdust for Nutrisystem).

By Brian Rohrig - American Chemical Society

www.acs.org/content/dam/acsorg/education/resources/highschool/chemmatters/articlesbytopic/metals and nonmetals/chemmatters-april2007-coins.pdf

coins in American vending machines, and vice versa ... other silver coins such as quarters. ... become far too expensive. .... The next day, observe what happens.

US Mint to Cease Penny Production in 2015 - Cash Money Life


On average, pennies cost 1.4 cents to make, making penny production a losing proposition, ... What will happen to all the pennies? ... on paying cash, the US Mint recommends that stores round up or down to the nearest nickel. .... The Dutch did away with their penny 35 years ago for the same rason, too expensive to make.

US Mint Coin Production in July Tops 1.6 Billion | Coin News


Aug 19, 2015 ... US Mint production of circulating quality coins advanced by more than 1.6 billion in July ... than 1.6 billion in pennies, nickels, dimes, quarters, and dollars. .... Even lowly copper has become too expensive for low-denomination coinage. ... The only reason imelting doesn't happen with zinc cents is that the ...

Canada Drops the Penny, but Will the U.S.? - The New York Times


Apr 7, 2012 ...Pennies take up too much space on our dressers at home,” Jim Flaherty, the ... while $2.03 should become $2.05, for example, but retailers in the real world might ... in December — which happens to be after the presidential election. ... Each nickel costs 11.18 cents to produce and distribute, the mint says, ...

“If you find any of these coins floating around, you may want to begin ...


Jan 9, 2013 ... “And some of America's wealthiest investors are piling in, too… ... Pennies and nickels have often cost more to mint than they are ... up a huge pile of nickels based on your hope that this would happen soon, it almost certainly won't. ... it's hard to see this becoming a priority for the Mint or Congress thi...

Helpful Resources

What Happens When Pennies and Nickels Become Too Expensive?


Feb 21, 2013 ... In a classic example of stepping over dollars to pick up pennies...

Obama wants cheaper pennies and nickels - Feb. 15, 2012


Feb 15, 2012 ... It turns out it costs more to make pennies and nickels than the coins are ... Its more expensive metal mix means the raw materials in each are ...

Just How Much Does It Cost to Make a Penny? - Wall Street Journal


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 ...

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 ... legal tender laws, the temptation to debase that money is too great to withstand. ..... the BEP for the cost of producing the notes, which then become ...

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?