Mint Costs

Discussion in 'Coin Chat' started by Collecting Nut, May 25, 2019.

  1. Collecting Nut

    Collecting Nut Borderline Hoarder

    cpm9ball, Autoturf and Inspector43 like this.
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  3. Collecting Nut

    Collecting Nut Borderline Hoarder

    Yeah! It worked. I know what I'm starting so don't blame the messenger. I thought it was important.
     
  4. dwhiz

    dwhiz Collector Supporter

    They should stop making the cent, a lot that I have been getting in change look like health hazards.
    I often just throw them in the trash rather than keep them.
    OK so I do check the first:eek:
     
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  5. Burton Strauss III

    Burton Strauss III Supporter! Supporter

    The problem with these articles is that it's totally dependent on how you allocate the fixed costs of the mint as to what cost per coin you arrive at.

    If the mint stopped making the cent, would their labor costs go down? Maybe a little, they could cut down the number of shifts or maybe not - they might have people make other things.

    How do you allocate those costs? By the number of items made, the face value of those items or something else?

    What about the wear and tear on the equipment? Mint less, you spend less on maintenance on the machines. But there is some base cost you would be splitting over fewer units manufactured.

    The die shop makes fewer dies, but nothing else changes - still need people to design and review, make the dies and distribute them.
     
  6. Autoturf

    Autoturf Well-Known Member

    while there is no shortage of change, they keep producing more, I think its many factors, but if its breaking ya to do something quit doing it, or cut down on production, but then federal funds would be cut, and that's a no,no for any government agency. my dad would order way over what was needed to perform their duty in the motor pool, because if they don't spend it, budget cuts come, and you have to answer to your superior.
     
  7. Collecting Nut

    Collecting Nut Borderline Hoarder

    Read the chart. While there are other costs involved the cost of the materials alone is more than the value of what they are making. Also note that the cost of copper, nickel and zinc all rose in price last year.
     
    Randy Abercrombie and cpm9ball like this.
  8. Conder101

    Conder101 Numismatist

    If they stopped making cents there soon would be a shortage of them.

    Actually there would be MORE federal funds. The Mint does not receive funds from the government they are self funding and the profits they make go into the general fund of the Treasury. Discontinuing the cents that they make at a LOSS of $50 million or more would mean that much MORE money going into the Treasury.
     
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