Discussion in 'Coin Chat' started by Collecting Nut, May 25, 2019.
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I often just throw them in the trash rather than keep them.
OK so I do check the first
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.
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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