A Penny Costs 1.7 Cents to Produce
Posted on March 31st, 2008 by admin
Since zinc has soared in value, producing a penny now costs about 1.7 cents. Since the Mint currently manufactures more than seven billion pennies a year and “sells” them to the Federal Reserve at their face value, the Treasury incurs an annual penny deficit of about fifty million dollars—referred to as “negative seigniorage.” źródło
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