Tuesday, March 11, 2014

The Cost of Making Pennies and Nickels is More Than What The Coins are Worth--Two Graphs.

WashingtonPost: Taxpayers lost $105 million on pennies and nickels last year

"In 2013, the cost of making pennies and nickels exceeded their face value for the eighth year in a row. The cost of minting a penny stood at 1.8 cents, nearly twice its face value. Nickels cost twice as much as dimes – 9.4 cents vs. 4.6 cents – despite being worth only half as much."
Two graphs that explain everything. 


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