Daily Archives: May 12, 2008
Current and 2007 Costs to Mint Pennies and Nickels
One of the pleasant side affects of the Coin Modernization and Taxpayer Savings Act of 2008, which would change the metallic composition of pennies and nickels to steel, is the revelation of current and past costs in minting coins.
Figures of coin production expenses are interesting in themselves, but charting their trends is another reminder of the volatility of metals within coins, like that of copper, zinc and nickel.
The cost of minting each penny and nickel today are:
- Penny at 1.26 cents
- Nickel at 7.7 cents
As a side note, the U.S. Mint also provided recent costs to mint the dime, which is 4 cents, the quarter at 10 cents and $1 coins at 16 cents each.
New Mexico First Day Coin Covers on Sale
The United States Mint 2008 New Mexico Official First Day Covers went on sale Thursday, May 8. The coin cover is 47th...
$2 Dallas Notes for Collectors on Sale at BEP
The Bureau of Engraving and Printing (BEP) has announced that the new 2008 Dallas $2 Single Notes are available today, May...