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SHOULD THE U.S. CENT COIN BE RETIRED?
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<p>[QUOTE="John Burgess, post: 4610167, member: 105098"]It grinds my gears that it costs them 9.1 cents to make a quarter and they JUICE us by 15.9 cents and it costs 3.73 cents to make a dime and they juice us by 6.27 cents.</p><p><br /></p><p>in all honesty, as long as the mint breaks even between the overs and the unders each year, I really don't care at all what they "Cost" to make. </p><p><br /></p><p>2018 circulation use production.</p><p>Cents 7,803,200,000 = Cost in FY2018 <b>0.0206 = -$82,713,920.00</b></p><p>Nickels 1,256,400,000 = Cost in FY2018 <b>0.0753 = -$31,786,920.00</b></p><p>Dimes 2,199,000,000 = cost in FY2018 <b>0.0373 = +$60,032,700.00</b></p><p>Quarters 1,853,114,000 = cost in FY2018 <b>0.0901 = +296,312,928.60</b></p><p><br /></p><p><b>profit off of circulating denominations for FY2018: $241,844,786.60</b></p><p><b><br /></b></p><p><b><br /></b></p><p>Why is the COST a problem, but not the profit a problem for you????? I say keep making them all until such time it's actually LOSING money to make U.S. coins each year.</p><p><br /></p><p>or just round everything up to $1.00 or more and shut down the U.S. mint completely for good. There's better profits in currency right!?[/QUOTE]</p><p><br /></p>
[QUOTE="John Burgess, post: 4610167, member: 105098"]It grinds my gears that it costs them 9.1 cents to make a quarter and they JUICE us by 15.9 cents and it costs 3.73 cents to make a dime and they juice us by 6.27 cents. in all honesty, as long as the mint breaks even between the overs and the unders each year, I really don't care at all what they "Cost" to make. 2018 circulation use production. Cents 7,803,200,000 = Cost in FY2018 [B]0.0206 = -$82,713,920.00[/B] Nickels 1,256,400,000 = Cost in FY2018 [B]0.0753 = -$31,786,920.00[/B] Dimes 2,199,000,000 = cost in FY2018 [B]0.0373 = +$60,032,700.00[/B] Quarters 1,853,114,000 = cost in FY2018 [B]0.0901 = +296,312,928.60[/B] [B]profit off of circulating denominations for FY2018: $241,844,786.60 [/B] Why is the COST a problem, but not the profit a problem for you????? I say keep making them all until such time it's actually LOSING money to make U.S. coins each year. or just round everything up to $1.00 or more and shut down the U.S. mint completely for good. There's better profits in currency right!?[/QUOTE]
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