diggin4clad
Elite Member
The mint just released info regarding the cost of minting US coins.
The cost for a zinc penny...... 1.81 cents
nickels.....7.44 cents
clad dimes......3.86 cents
clad quarters.......8.43 cents
The mint is looking for a lower cost alternative for both the penny and nickel and steel has been considered for the nickel but as of yet they haven't come up with anything that would put the cost of a penny at below face value. Considering how low the value of a penny is, I would think it's nearly impossible to reduce the cost to a point below face value.
The cost for a zinc penny...... 1.81 cents
nickels.....7.44 cents
clad dimes......3.86 cents
clad quarters.......8.43 cents
The mint is looking for a lower cost alternative for both the penny and nickel and steel has been considered for the nickel but as of yet they haven't come up with anything that would put the cost of a penny at below face value. Considering how low the value of a penny is, I would think it's nearly impossible to reduce the cost to a point below face value.