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<p>[QUOTE="cladking, post: 372869, member: 68"]Yes there are massive overhead costs that won't go away if they stop the cent but how do you think we got those costs? We've been churning out 10 or 15 billion cents each year and when we have to build a die shop it is charged against all the denominations. The cents took up much of the production capability until the states quarters came around but these are made at a massive profit. </p><p><br /></p><p>It would increase the cost of making the other coins somewhat to simply eliminate the cent but it would be many years until more capital projects are needed to increase capacity. </p><p><br /></p><p>Most of the cost of the cent isn't really visible. It's not the .26c we lose on each one that represents a massive loss. It's the cost of counting, handling, and transporting these worthless little things that is the real money eater. It's the loss of interest and capital from having 200 billion of them lying around doing nothing. You can't claim they are circulating when 25 year old cents are still unc or unc except for the rot. </p><p><br /></p><p>The nickel need to be made more cheaply and the cent needs to go. The pennies should be recalled and melted to remove their toxicity from the enviroment.[/QUOTE]</p><p><br /></p>
[QUOTE="cladking, post: 372869, member: 68"]Yes there are massive overhead costs that won't go away if they stop the cent but how do you think we got those costs? We've been churning out 10 or 15 billion cents each year and when we have to build a die shop it is charged against all the denominations. The cents took up much of the production capability until the states quarters came around but these are made at a massive profit. It would increase the cost of making the other coins somewhat to simply eliminate the cent but it would be many years until more capital projects are needed to increase capacity. Most of the cost of the cent isn't really visible. It's not the .26c we lose on each one that represents a massive loss. It's the cost of counting, handling, and transporting these worthless little things that is the real money eater. It's the loss of interest and capital from having 200 billion of them lying around doing nothing. You can't claim they are circulating when 25 year old cents are still unc or unc except for the rot. The nickel need to be made more cheaply and the cent needs to go. The pennies should be recalled and melted to remove their toxicity from the enviroment.[/QUOTE]
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