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<p>[QUOTE=&quot;Phil Ham, post: 1528976, member: 5787&quot;]Always the skeptic, I question the calculations that the mint is losing lots of money on the cent.&nbsp; Currently, the cent has USD$0.0051 in metal value.&nbsp; Thus, the mint makes a fluctuating proift of USD$0.0049 for every cent.&nbsp; If they make 1 billion cents in 2012, the fluctuating profit is USD$4.9 million.&nbsp; If the mint stops making the cent, it will need to shed a minimum of USD$4.9 million from its currently operating costs.&nbsp; Reduction in volume never leads to a proportional reduction in costs.&nbsp; The mint will still need to mint the other stuff.&nbsp; Thus, we won&#039;t save as much as we think when we stopping making the cent.&nbsp; Now, let&#039;s say that the cent cost USD$0.02 to make and it is sold to the public for USD$0.01.&nbsp; It will cost our government a total of USD$10 million in 2012.&nbsp; I think the impact on inflation will have more of an impact than the USD$ 10 million on our economy.&nbsp; In my opinion, it is common sense to keep cents. As I first started saving pennies as a 10-year old, I would say that my opinion is heavily tainted from my collecting them for the past 43 years.[/QUOTE]</p><p><br /></p>

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