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To: goldsheet who wrote (62075)	12/19/2000 3:28:57 AM
From: goldsheet	Respond to of 116759

The factory produces 35 million coins a day. Three fourths of them are pennies. Doing away with all this penny making altogether might seem like a sensible way to save the federal government some money. Mint spokeswoman Eleanor McElvey points out, however, that pennies retail for one cent but cost the mint only six-tenths of a cent to make. The 50-cent piece, the highest-denomination coin the mint makes, costs a nickel to produce. "We come out ahead with every piece we make," McElvey says. The mint's total return, she notes, which includes income from commemorative coins, proof sets and other collectibles, amounts to several hundred million dollars a year.