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Welcome to Fairfax Underground, a project site designed to improve communication among residents of Fairfax County, VA. Feel free to post anything Northern Virginia residents would find interesting.
It cost 1.7 cents to make a penny this year, and 8 cents to make a nickel
Posted by:
VoteStrike
()
Date: January 11, 2017 11:36AM
It cost 1.7 cents to make a penny this year, and 8 cents to make a nickel
By Christopher Ingraham Washington Post
In essence, we're paying $100 million a year to make coins that nobody wants, so that people can take them to a Coinstar kiosk and pay again to get rid of them. Capitalism!
The U.S. Mint has some good news and bad news in its latest biennial report to Congress. The good news is that we're wasting less money on pennies and nickels. The bad news is we're still wasting money on pennies and nickels.
Production costs for all four major coin types fell in fiscal year 2014 due to the falling price of copper, one of the primary metals used to make coins. The Mint estimates it saved $29 million this year compared to last year on account of lower copper prices.
READ MORE- http://generalstrikeusa.blogspot.com/2017/01/it-cost-17-cents-to-make-penny-this.html
Attachments:
By Christopher Ingraham Washington Post
In essence, we're paying $100 million a year to make coins that nobody wants, so that people can take them to a Coinstar kiosk and pay again to get rid of them. Capitalism!
The U.S. Mint has some good news and bad news in its latest biennial report to Congress. The good news is that we're wasting less money on pennies and nickels. The bad news is we're still wasting money on pennies and nickels.
Production costs for all four major coin types fell in fiscal year 2014 due to the falling price of copper, one of the primary metals used to make coins. The Mint estimates it saved $29 million this year compared to last year on account of lower copper prices.
READ MORE- http://generalstrikeusa.blogspot.com/2017/01/it-cost-17-cents-to-make-penny-this.html
Attachments:
Re: It cost 1.7 cents to make a penny this year, and 8 cents to make a nickel
Posted by:
epcDu
()
Date: January 11, 2017 11:38AM
You are just a homeless jerk.
Re: It cost 1.7 cents to make a penny this year, and 8 cents to make a nickel
Posted by:
VmY3n
()
Date: January 11, 2017 11:40AM
VoteStrike Wrote:
-------------------------------------------------------
> It cost 1.7 cents to make a penny this year, and 8
> cents to make a nickel
> By Christopher Ingraham Washington Post
>
> In essence, we're paying $100 million a year to
> make coins that nobody wants, so that people can
> take them to a Coinstar kiosk and pay again to get
> rid of them. Capitalism!
>
> The U.S. Mint has some good news and bad news in
> its latest biennial report to Congress. The good
> news is that we're wasting less money on pennies
> and nickels. The bad news is we're still wasting
> money on pennies and nickels.
>
> Production costs for all four major coin types
> fell in fiscal year 2014 due to the falling price
> of copper, one of the primary metals used to make
> coins. The Mint estimates it saved $29 million
> this year compared to last year on account of
> lower copper prices.
>
> READ MORE-
> http://generalstrikeusa.blogspot.com/2017/01/it-co
> st-17-cents-to-make-penny-this.html
makes sense to me :)
-------------------------------------------------------
> It cost 1.7 cents to make a penny this year, and 8
> cents to make a nickel
> By Christopher Ingraham Washington Post
>
> In essence, we're paying $100 million a year to
> make coins that nobody wants, so that people can
> take them to a Coinstar kiosk and pay again to get
> rid of them. Capitalism!
>
> The U.S. Mint has some good news and bad news in
> its latest biennial report to Congress. The good
> news is that we're wasting less money on pennies
> and nickels. The bad news is we're still wasting
> money on pennies and nickels.
>
> Production costs for all four major coin types
> fell in fiscal year 2014 due to the falling price
> of copper, one of the primary metals used to make
> coins. The Mint estimates it saved $29 million
> this year compared to last year on account of
> lower copper prices.
>
> READ MORE-
> http://generalstrikeusa.blogspot.com/2017/01/it-co
> st-17-cents-to-make-penny-this.html
makes sense to me :)