“Pennies and nickels have cost more than their face value to mint since 2006, resulting in a loss of at least $436 million to U.S. taxpayers. The CHART OF THE DAY shows that in 2012, the penny cost almost 2 cents to make and the nickel more than 10 cents, according to the U.S. Mint’s annual report released in January. Those prices have almost doubled over the past seven years. American lawmakers seeking a model need not look beyond the Royal Canadian Mint, which stopped distributing pennies to financial institutions on Feb. 4, saving C$11 million ($11 million) annually. The last Canadian cent was minted in May.”
Minting Pennies & Nickels Cost U.S. Taxpayers $436 Million Since 2006
- Post author:The Freedom Watch Staff
- Post published:February 22, 2013
- Post category:Network Archives
Tags: Bankocracy, CLibertyC, constitutional liberty coalition, economic Trends, for life and liberty, investment, Mainstream News, money, Precious Metals, Resistance, sound money, statism, The Freedom Watch
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