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<p>[QUOTE="Burton Strauss III, post: 3538348, member: 59677"]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.</p><p><br /></p><p>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.</p><p><br /></p><p>How do you allocate those costs? By the number of items made, the face value of those items or something else?</p><p><br /></p><p>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.</p><p><br /></p><p>The die shop makes fewer dies, but nothing else changes - still need people to design and review, make the dies and distribute them.[/QUOTE]</p><p><br /></p>
[QUOTE="Burton Strauss III, post: 3538348, member: 59677"]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.[/QUOTE]
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