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Executive Order to stop minting cents
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<p>[QUOTE="wxcoin, post: 26068990, member: 74624"]I read a good article a little while ago about stopping to produce the cent could end up costing more money. As most of you know, the cost of producing the next lower denomination, the nickel, costs more to produce per unit than the cent. Eliminating the cent will most likely cause a higher demand for nickels which would force the mint to produce more of them. If the gov wants to save money, then eliminate both the cent and nickel. Of course, that would make the quarter an odd denomination.[/QUOTE]</p><p><br /></p>
[QUOTE="wxcoin, post: 26068990, member: 74624"]I read a good article a little while ago about stopping to produce the cent could end up costing more money. As most of you know, the cost of producing the next lower denomination, the nickel, costs more to produce per unit than the cent. Eliminating the cent will most likely cause a higher demand for nickels which would force the mint to produce more of them. If the gov wants to save money, then eliminate both the cent and nickel. Of course, that would make the quarter an odd denomination.[/QUOTE]
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