MONEY: Remember penny candy?

No money to spare: Uncle Sam pays more than face value to mint pennies, nickels
By Stephen Dinan – The Washington Times – Thursday, April 20, 2023

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Inflation may make a penny worth less — but it also makes that penny cost more.

The rising prices of raw materials have sent the costs of manufacturing coins soaring over the past two years, adding nearly a full cent to the cost of producing each penny. It now costs more than 2.5 cents to mint and distribute each penny coin, the federal government said in a report to Congress.

Making a nickel now costs more than 10 cents.

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“It’s absolute non-cents that American taxpayers spend 10 cents to make just one nickel,” said Sen. Joni Ernst, Iowa Republican. “Only Washington could lose money making money.”

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Anyone realize that the FED’s inflation and the “spend and borrow” Congress has made money worth less?

Penny candy, Nickel Newspapers, Dime comic books are all casualties of the parasitic class extracting more and more of the Taxpayers’ Wealth.

Get out the pitchforks and light up the torches, it’s time change the discussion.


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