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<p>[QUOTE=&quot;Conder101, post: 4937217, member: 66&quot;]It&#039;s closer to $50 million.&nbsp; I don&#039;t have the figure for 2020 at my fingertips but the loss in 2019 was $73 million and 2018 was $86 million.&nbsp; 2018 was the largest loss they have had on the cents.&nbsp; The loss on the 5 cent piece was $30 million and $34 million respectively.&nbsp; greatest loss on the five cent was $57 million in 2011.&nbsp; The cent and five cent pieces have now been produced at a loss for 15 years.</p><p><br /></p><p><br /></p><p>Probably a long time,&nbsp; they have had a committee studying this problem for 9 years now trying to find a metal or alloy that would allow the cent and five cent to be made for less than face value.&nbsp; But part of the requirements is that it be able to fe introduced seamlessly so it can co-circulate with the existing coins with no or minimal cost/disruption to people and machines that handle coins such as vending machines, be as durable as existing coins, and strike up well.</p><p><br /></p><p>They have identified a possible alloy for the five cent piece,but it is not quite ideal, and would only be a stop gap measure because it would only reduce the cost to 4.9 cents apiece.&nbsp; The cent is an impossible task because no matter what the material is the actual manufacturing cost not including materials is 1.1 cents apiece.&nbsp; You would need a material whose producer would PAY the Mint to take it. (Pay them to take about 22,000 TONS of it per year.)</p><p><br /></p><p>This committee has published a report on this study every two years, each time with no results, and each time apparently reviewing the same materials&nbsp; (What was that definition of insanity again?)&nbsp; So far this study has cost the taxpayers about $16 million.[/QUOTE]</p><p><br /></p>

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