US Mint Lost $69M Making Pennies Last Year

[Truth]

US Mint Lost $69M Making Pennies Last Year

 

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[GA_Boy]

I saw that it cost 8 cents to make a nickle-----------------------we don't need either IMO.
Marvin

 

[Truth]

I saw that it cost 8 cents to make a nickle-----------------------we don't need either IMO.
Marvin

I agree they’re trash at this point

 

[TommyB]

Seems that most are lost on So. Ca beaches anyway. I find a LOT of them

 

[Cooperscoppers]

Ya I find a lot in na ct some places it like they fed the birds with penny's what can you get for a penny nowadays

 

[Rookster]

Ya I find a lot in na ct some places it like they fed the birds with penny's what can you get for a penny nowadays

A 74 VDI on my Fisher.

 

[nagant]

Besides changing the designs every 2 seconds, you can bet that's a big drain swirler.

 

[Johnnybravo300]

The mint doesnt lose any money because they don't have money to spend. All loses in a nation are absorbed by the tax payers. I really don't see why people don't get this.
The govt doesn't have money to spend that it doesn't steal from you first.
Only a private mint would be able to lose money in reality.

 

[Johnnybravo300]

Its like saying the post office loses money every year when in fact they don't lose anything. They've been in perpetual bail out since they began and it's paid for by the sheeple.
Most of my packages travel across the state a few times for free before they reach me and they wonder why they can't compete with FedEx or UPS. No private owned company can make bad choices year after year and expect a full blown bail out.

 

[Truth]

Its like saying the post office loses money every year when in fact they don't lose anything. They've been in perpetual bail out since they began and it's paid for by the sheeple.
Most of my packages travel across the state a few times for free before they reach me and they wonder why they can't compete with FedEx or UPS. No private owned company can make bad choices year after year and expect a full blown bail out.

Johnny I like your style. And the sheep wanna make high speed railways from every city to city in America. Sure print the money it’s a sure thing we have the Amtrak blueprint.

 

[Slingshot]

In 1980, 15 years after the silver coin removal from circulation, the dime had as much buying power as $1 did in 2017, due to inflation. They keep pennies in circulation to give the impression that nothing has changed with our money, and they have to use copper plated zinc coins to keep up the charade. The dollar bill has become a 10c note, and they should be "minting" cents from cardboard. From a common sense perspective they should ditch the pennies, nickels, and paper $1 bills, then base prices on the dime, which is essentially a penny now, and mint $1 & $2 coins to replace the expensive to print and short lived low value $1 paper bills. The biggest reason that we still use paper $1 bills is due to special interest lobbying on Capitol Hill by the paper, ink, and printing industries.