Saturday, April 22, 2006

Gothamist: When A Penny Costs More Than $.01:

This week the cost of the metals in a penny rose above 0.8 cents, more than twice the value of last fall. Because the government spends at least another six-tenths of a cent — above and beyond the cost of the metal — to make each penny, it will lose nearly half a cent on each new one it mints.
4:21 PM

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