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Politics : Politics for Pros- moderated -- Ignore unavailable to you. Want to Upgrade?

To: DMaA who wrote (363643)	5/10/2010 12:36:15 PM
From: John Carragher	Read Replies (3) \| Respond to of 793964

once made how trips does a nickel or penny get before out of circulation.

To: DMaA who wrote (363643)	5/10/2010 5:12:19 PM
From: Elroy	Respond to of 793964

"It costs the federal government up to nine cents to mint a nickel and almost two cents to make a penny." An interesting factoid, but the important thing is an item's cost relative to it's value. A penny, since it gets used over and over, and reduces costs from what they would be if the smallest denomination was, say, a nickel, creates much more value than two cents. If it costs two cents to make a penny, it probably pays for itself the second or third time that it gets spent (if we assume every price would rise to the higher 5 cent denomination were pennies eliminated).