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US Mint Economics

It costs the US 134 million dollars to make..80 million dollars in pennies.

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15 Comments

Current View: 15 / Show all Comments

huhnra : LVL 38: VP 4.6: said:

huhnra

43 votes NegativePositive

763 days 20 hours ago...

Great, so we`ll have plastic money soon?

Levelord : LVL 39: VP 4.7: said:

Levelord

19 votes NegativePositive

763 days 20 hours ago...

China bought all the metal.

America is fucked.

gardendaleguy : LVL 34: VP 4.2: said:

gardendaleguy

36 votes NegativePositive

763 days 17 hours ago...

aluminum is the next big wave, save your cans!

fattirefury : LVL 36: VP 4.4: said:

fattirefury

32 votes NegativePositive

762 days 21 hours ago...

there goes my nickel forgery scam

durty30 : LVL 37: VP 4.5: said:

durty30

54 votes NegativePositive

762 days 13 hours ago...

are you all retarded? get rid of the cents and round it up? austraila has done it for years! whats the big deal?

The Jap : LVL 43: VP 5: said:

The Jap

8 votes NegativePositive

762 days 8 hours ago...

No wonder price of ammunition are gone up too.

Verh544 : LVL 35: VP 4.3: said:

Verh544

10 votes NegativePositive

758 days ago...

This is old ass news. I`ve known this since 8th grade and it`s a clear fact that getting rid of pennies and changing prices would be better. you can make it still a value (on credit cards and such because look at gas, gas is never $3.05, it`s more like $3.0499) People just lose pennies all the time or don`t even bother picking them up.

n8dizzel4shizzel : LVL 35: VP 4.3: said:

n8dizzel4shizzel

13 votes NegativePositive

758 days ago...

we use good metal to make coins we should just do like the rest of the world and use cheap ass metal to make the coins. Would not bother me to use some cheap ass chucky cheese feeling coin as a quarter.

Macdaddy : LVL 52: VP 5: said:

Macdaddy

16 votes NegativePositive

758 days ago...

That`s why the mint keeps coming up with state quarters, presidential dollar coins and new buffalo and Jefferson nickels. They`ll sell 5 or so of those coins for $19.99 on their website. I really don`t believe the mint is losing money, they just need to adapt to different and cheaper metals

The real crime is the federal reserve charging us interest for our paper money. But you never see a show on that. The only one talking about abolishing the federal reserve is................Ron Paul

poonsie01 : LVL 38: VP 4.6: said:

poonsie01

-4 votes NegativePositive

758 days ago...

That guy looks like Mr. Kim from Prison Break. This is The Company`s way of taking over the world!!! Lets boycott the pennies!!!!!!

WorldViewWarfare : LVL 11: VP 2: said:

WorldViewWarfare

7 votes NegativePositive

757 days 23 hours ago...

yeah but did Morley Safer ask the US Mint rep what it costs them to make each quarter?

cost = 4.29 cents

allannator : LVL 36: VP 4.4: said:

allannator

-3 votes NegativePositive

757 days 23 hours ago...

is that Randy Newman commenting?

JakeSB : LVL 18: VP 2.7: said:

JakeSB

22 votes NegativePositive

757 days 22 hours ago...

And yet a piece of paper can be worth hundreds...

Knifes : LVL 33: VP 4.2: said:

Knifes

0 votes NegativePositive

757 days 21 hours ago...

what about making a bills?
it costs about a dollar to to make any bill denomination

xillsm : LVL 32: VP 4.1: said:

xillsm

2 votes NegativePositive

757 days 21 hours ago...

Increase in money supply would mean that the dollar value will depreciate. That is what happens when in-debt countries do in order to pay back investors, simply print more money, increase tax, and sell money inventory to foreign investors to keep the economy running. In the long run the consequence is that the dollar will depreciate, tax levied on citizens will increase, and if foreign investors lost interests and demands foreign exchange then the country will be even in-debt even more. Talk about an unsustainable and unstable economy.

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