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<p>[QUOTE="Good Cents, post: 7849655, member: 100720"]Is the Cent on life support any more than the Nickel? The Nickel has Copper in it. Copper has gone up in price. I'm sure it costs more to produce a Nickel now than it is worth. And the paper dollars too, as someone mentioned above. Don't those also cost more to keep circulated than they are worth?</p><p><br /></p><p>The US Mint is a self-supporting government entity. It makes a whole lot of profit from the collectors items that it sells, and that supports the cost of producing the circulation money - the coins and the paper notes. Things that are broken get fixed. Things that aren't broken, don't get fixed. Especially in government. The Mint is a government entity that isn't broken and will therefore not get fixed, even if certain parts of it should get tweaked in our opinion - like cents, paper dollars, etc.</p><p><br /></p><p>The only reason the cent got tweaked in 1982 was because of the sudden and extreme rise in the cost of copper in the late 1970's coupled with the fact that the Mint did not produce or sell 1/4 of the collectors items back then compared to what they produce and sell now. So they couldn't sustain the sudden, extreme price difference in one of their circulation coins. Not that they could necessarily sustain it now. I don't know either way. Ask the Comptroller of the US Mint. But in my humble opinion, unless there is another sudden and extreme rise in the cost of one of the main materials that cents are made of, I doubt they will pull the cent. But that's just my humble opinion. There are lots of other opinions out there, but it's all speculation.[/QUOTE]</p><p><br /></p>
[QUOTE="Good Cents, post: 7849655, member: 100720"]Is the Cent on life support any more than the Nickel? The Nickel has Copper in it. Copper has gone up in price. I'm sure it costs more to produce a Nickel now than it is worth. And the paper dollars too, as someone mentioned above. Don't those also cost more to keep circulated than they are worth? The US Mint is a self-supporting government entity. It makes a whole lot of profit from the collectors items that it sells, and that supports the cost of producing the circulation money - the coins and the paper notes. Things that are broken get fixed. Things that aren't broken, don't get fixed. Especially in government. The Mint is a government entity that isn't broken and will therefore not get fixed, even if certain parts of it should get tweaked in our opinion - like cents, paper dollars, etc. The only reason the cent got tweaked in 1982 was because of the sudden and extreme rise in the cost of copper in the late 1970's coupled with the fact that the Mint did not produce or sell 1/4 of the collectors items back then compared to what they produce and sell now. So they couldn't sustain the sudden, extreme price difference in one of their circulation coins. Not that they could necessarily sustain it now. I don't know either way. Ask the Comptroller of the US Mint. But in my humble opinion, unless there is another sudden and extreme rise in the cost of one of the main materials that cents are made of, I doubt they will pull the cent. But that's just my humble opinion. There are lots of other opinions out there, but it's all speculation.[/QUOTE]
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