Archive for Government

Going into Debt, One Penny at a Time

According to the 2012 Annual Report of the United States Mint (p. 12), in that year the cost to produce each minted coin was as follows:

One-Cent (1¢) $ 0.0163
Five-Cent (5¢) $ 0.0829
Dime $ 0.0415
Quarter $ 0.0943
Dollar $ 0.1802

Fortunately, every purchase you make of the Millard Fillmore Presidential $1 Coin and First Spouse Medal Set offsets the instant debt created for each penny and nickel created!

Perhaps it’s time to send pennies and nickels out to pasture with half-cents and other outdated denominations.

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