how much does it cost to make a penny

How much does it cost to make a penny a nickel a dime and how much does it cost to make a penny Yahoo Answers

Jul 17 32 Penny 241 cents Nickel Dime 565 Quarter 1$ coin Its absurd considering it cost twice as much to make a penny and a nickel then what they are worthAug 05 32 Hopefully less than a penny If it were more they probably be wouldn t be making them Like anything you can t manufacture something and sell it for less than it cost you to make it and stay in business very long

How much does it cost to make a penny Yahoo AnswersHow much does it cost to make a penny

Nov 28 32 A penny isn t all copper its also zinc and other metals It used to be that they were all copper but the price of copper has gone too high Even with that the cost of making a cent usually depends on the price the Government pays for the materials put into it at the time of minting Usually it costs a cent and a half but it fluctuatHow much does it cost to make a penny Answer In it cost $241 In the cost did drop to $183 it appears

How much does it cost to make a penny How much does each UK coin cost to make is the penny

How much does it cost to make a penny Answer In it cost $241 In the cost did drop to $183 it appearsHow much does each UK coin cost to make is the penny worth more than 1p and how does this compare to coins in other currencies Pete Balham UK

How Much Does It Cost To Make A Penny WoodFind Penny Prices and Values in the Coin Value Guides

Sep 13 32 How much does it cost to make a penny Penny cost more than a cent to make Government and as a result to the us The cost of a penny is largely dictated by the materials used to make it But it continues to lose money on pennies and nickels As such they dont have as wide of a range of services for us clients as they do for their uk clientsTo find out how much your US penny is worth we first need to determine its type The US has made two major types of pennies the Large Cent and the Small Cent The Large Cents are dated and earlier and are much bigger and heavier than our current penny type the Small Cent

Cost to Make Penny Now More Than a Cent Due to Spiking The Penny Costs More to Make Than It’s Worth Again Real

WASHINGTON Further evidence that times are tough It now costs more than a penny to make a penny And the cost of a nickel is more than 7 1/2 cents Surging prices for copper zinc and nickel Dec 27 32 The US Mint couldn t lower the cost of making the penny last year pushing the cost of production to 150 of the value of the coin The Penny Costs More to Make Than It’s Worth Again

How Much Does It Cost to Make a Nickel POPSUGAR Money Making Cents

The US Mint produced 43 billion pennies and 914 million nickels last year Believe it or not producing those coins actually costs quite a pretty penny The Treasury is now researching new metals to see if there are cheaper alternatives to the metal mix they currently use Take this quick quiz to guess how much it cost to make a nickel in Over the years we’ve received numerous inquiries about how much it costs to mint a US penny usually phrased as “I heard it costs 8 162 or 10 162 or 12 162 to make a penny — is that true

How much does it cost to make a penny It Costs Seven Cents to Make a Nickel So the US Mint

The cost of producing a penny has risen 27 in the last year while nickel manufacturing costs have risen 19 The Federal Reserve which distributes money to banks pays face value for coins If a coin costs less to manufacture than the face value the Mint makes a profitA five cent nickel that costs as much as seven cents to make is a problem but so is a coin that suddenly looks and feels different because its metallurgic ingredients were changed To solve this

Death of the Penny US Mint to Cease Penny Production in It cost 15 cents to make a penny last year CBS News

The announcement follows years of speculation regarding when the US would stop minting pennies as it actually costs more than 1 cent to produce a penny On average pennies cost just over 2 cents to make making penny production a losing proposition especially when the US Mint produces billions of pennies annuallyMar 06 32 Last year each penny cost 15 cents to make about 50 percent more than its face value and all the pennies the US Mint issued last year cost it $46 million

How much does it really cost the planet to make a penny Just How Much Does it Cost to Make a Penny

The true cost of making a penny adds up to much more than 143 cents The Mint itself has tried to find out if making coins out of different metals might make them cheaper to produce But it concluded that for the penny there are no alternative metal compositions that reduce the manufacturing unit cost of the penny below its face value Just How Much Does it Cost to Make a Penny Source Jeffrey Sparshott/The Wall Street Journal/December 15 The US Mint cut the cost of making the penny by nearly a third over the past two years but the little copper coated coin still costs more than a cent to produce

The Copper Penny Is Worth More Than One CentMaking Cents

Dec 10 32 A pre penny consists of 95 copper and 5 zinc   It contains about 295 grams of copper and there are grams in a pound   The price of copper on Dec 10 was $275 a pound   That meant the copper in each penny was worth about 17 cents Thus the meltdown value of a pre penny was about 70 more than Over the years we’ve received numerous inquiries about how much it costs to mint a US penny usually phrased as “I heard it costs 8 162 or 10 162 or 12 162 to make a penny — is that true

Penny Costs 206 Cents to Make in Coin NewsJust How Much Does it Cost to Make a Penny

May 24 32 Penny Costs 199 Cents to Make in Nickel Costs 762 Cents US Mint Realizes $M in Seigniorage as shown it costs twice as much to make Just How Much Does it Cost to Make a Penny Source Jeffrey Sparshott/The Wall Street Journal/December 15 The US Mint cut the cost of making the penny by nearly a third over the past two years but the little copper coated coin still costs more than a cent to produce

The Pricer It Costs This MuchThe Pricer It Costs This Much

Stop looking for information on pric You have all you need here Find out how much do your favorite products or services cost and how to reduce the pricesStop looking for information on pric You have all you need here Find out how much do your favorite products or services cost and how to reduce the prices