Cost to Produce US Penny

Posted on 24. Oct, 2009 by admin in US Coins

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This is a short CBS news segment with Katie Couric talking about the cost of producing a penny.  The segment aired in May of 2008 and discusses not only the costs involved, but a few possible options to solve the issue. 

"If you've got some extra time on your hands, you might want to dig into your sofa cushions for spare change," said Katie Couric at the start of the episode. "Because it turns out its worth more than you thought. It now costs nearly 1.7 cents to make a penny and seven and a half cents to make a nickel."

Couric says the US Mint lost nearly 100 million dollars in 2007 by producing the pennies and nickels.

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