"First was the announcement on November 26 from Secretary of the Treasury Timothy Geithner that the U.S. Mint will begin removing pennies and nickels from circulation starting the first of the year, supposedly because they’re too expensive to make. It costs the mint nearly 5 cents to make each penny while it costs more than 16 cents to make a nickel."
Coins are reused hundreds of times. The cost of production is negligible over the life of a coin. Coins outlive their users. False comparison.
11/30/12 1:44 PM
