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Should the US change metal coins?

Discussion in 'Network World' started by RSS, Jan 11, 2016.

  1. RSS

    RSS New Member Member

    It may be time for the United States to rethink how the smallest parts of its monetary system -- the penny, nickel and dime – are made.

    According to a report this week from watchdogs at the Government Accountability Office, since 2006 the prices of metals used in coins have risen so much that the total production unit costs of the penny and nickel exceed their face value resulting in financial losses to the U.S. Mint. In fact such a change could potentially save between $8 million and $39 million per year by changing the metal composition of the nickel, dime, and quarter.

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