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<p>[QUOTE="justafarmer, post: 2282047, member: 3926"]If the cent is discontinued, merchants will not have the authority to determine how each individual transaction will break. The breakage rules will more than likely be established by each individual state through legislation and placed upon all transactions, cash, check, credit card, etc.. Many States would probably further exploit the breakage for the purpose of establishing a revenue stream. The same as most states have with para-mutual betting. </p><p><br /></p><p>I don't know how much it costs to manufacture a cent. Keep in mind the figure you see contains the cent's lion's share of fixed, overhead and allocated costs which the mint would incur whether they manufactured cents or not. Being that cent production would no longer absorb their share of these cost - they'll be allocated to the other coin denominations being produced - thus raising their per unit cost of production.[/QUOTE]</p><p><br /></p>
[QUOTE="justafarmer, post: 2282047, member: 3926"]If the cent is discontinued, merchants will not have the authority to determine how each individual transaction will break. The breakage rules will more than likely be established by each individual state through legislation and placed upon all transactions, cash, check, credit card, etc.. Many States would probably further exploit the breakage for the purpose of establishing a revenue stream. The same as most states have with para-mutual betting. I don't know how much it costs to manufacture a cent. Keep in mind the figure you see contains the cent's lion's share of fixed, overhead and allocated costs which the mint would incur whether they manufactured cents or not. Being that cent production would no longer absorb their share of these cost - they'll be allocated to the other coin denominations being produced - thus raising their per unit cost of production.[/QUOTE]
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