Free Republic
Browse · Search
News/Activism
Topics · Post Article

To: basil

I read that the treasury is taking a loss on pennies even though they're mostly zinc.


50 posted on 03/08/2007 8:35:43 AM PST by mysterio
[ Post Reply | Private Reply | To 41 | View Replies ]


To: mysterio
I read that the treasury is taking a loss on pennies

They make it up in volume.

132 posted on 03/08/2007 8:24:38 PM PST by Lonesome in Massachussets (When I search out the massed wheeling circles of the stars, my feet no longer touch the earth)
[ Post Reply | Private Reply | To 50 | View Replies ]

To: mysterio
I read that the treasury is taking a loss on pennies even though they're mostly zinc.

But it only costs about thirty cents for them to make a dollar (if people will use them) ...and pennies last a long time.

141 posted on 03/08/2007 8:41:16 PM PST by Smokin' Joe (How often God must weep at humans' folly.)
[ Post Reply | Private Reply | To 50 | View Replies ]

To: mysterio
"Coins cost more to make than face value"
http://www.usatoday.com/money/2006-05-09-penny-usat_x.htm
157 posted on 03/09/2007 2:43:42 AM PST by OrthodoxPresbyterian (We are Unworthy Servants; We have only done Our Duty -- Luke 17:10)
[ Post Reply | Private Reply | To 50 | View Replies ]

Free Republic
Browse · Search
News/Activism
Topics · Post Article


FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson