Sunday, February 19, 2012

Coins Cost More To Make Than They're Worth

The U.S. government is trillions of dollars in debt and there’s one solution that could help a little.

It costs 2.4 cents to make a penny and 11.2 cents to make a nickel, according to a CNN report.

Considering that 4.3 billion pennies and 914 million nickels were created in 2010, that adds up to over $200 million that could be saved without the rarely used coins.

Abe Lincoln and Thomas Jefferson won’t be upset with eliminating the coins, either.  They're already on paper bills, well, if we bring back the two dollar bill that is.

The U.S. treasury and government are looking into a cheaper way to create the coins, but have yet to find a solution.

Here’s an easy solution… stop making them.

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