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.
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.
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 ...
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.
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.
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 Get Cheaper.
December 26, 2012 5:02 AM By Pat Loeb. Filed Under: KYW Newsradio 1060, ...
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.".
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 ...
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?