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New computer simulated nickel design.
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<p>[QUOTE="Michael K, post: 3117615, member: 78298"]When you factor in other expenses besides just the metal costs</p><p>(salaries, machine maintenance, utilities, etc.) It's always going to cost more</p><p>to mint a coin than what it is worth.</p><p>However, a nickel isn't used once. It's used thousands of times or more in it's life.</p><p>That number isn't factored in either, and if you do, this: "It costs 7 cents to make a nickel." Is drivel.</p><p>Yes it is still worth .05 cents, and yes it cost .07 cents to produce.</p><p>But over the course of it's life, it has clearly been worth more than .07 cents,</p><p>and, it still can be redeemed at the end for .05 cents. So for a cost of 2 cents you are using this nickel thousands of times.</p><p>The government is in debt to trillions of dollars. You aren't going to get any of that back trying to save .02 cents on a nickel.</p><p>In fact, once you start paying for new designs, and testing new metals, etc. even if you bring the cost in at .03 or .04 cents per, you're not really saving anything in the long run except some meaningless numbers on a ledger sheet.[/QUOTE]</p><p><br /></p>
[QUOTE="Michael K, post: 3117615, member: 78298"]When you factor in other expenses besides just the metal costs (salaries, machine maintenance, utilities, etc.) It's always going to cost more to mint a coin than what it is worth. However, a nickel isn't used once. It's used thousands of times or more in it's life. That number isn't factored in either, and if you do, this: "It costs 7 cents to make a nickel." Is drivel. Yes it is still worth .05 cents, and yes it cost .07 cents to produce. But over the course of it's life, it has clearly been worth more than .07 cents, and, it still can be redeemed at the end for .05 cents. So for a cost of 2 cents you are using this nickel thousands of times. The government is in debt to trillions of dollars. You aren't going to get any of that back trying to save .02 cents on a nickel. In fact, once you start paying for new designs, and testing new metals, etc. even if you bring the cost in at .03 or .04 cents per, you're not really saving anything in the long run except some meaningless numbers on a ledger sheet.[/QUOTE]
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