Comments: Money costs: a dollar, a penny, a system, an experience

> The Mint estimates it will cost 1.23 cents per penny and 5.73 cents per
> nickel this fiscal year, which ends Sept. 30. The cost of producing a penny
> has risen 27% in the last year, while nickel manufacturing costs have risen 19%.

The obvious "solution" (for maintaining seignorage) is to eliminate both. Can one even buy anything for less than a dime anymore?

Posted by Ray at May 17, 2006 05:27 AM
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