Business

March 12, 2014 12:00 AM

Essay: U.S. Mint has high costs for small change

In 2013, the cost of making pennies and nickels exceeded their face value for the eighth year in a row. The cost of minting a penny stood at 1.8 cents, nearly twice its face value. Nickels cost twice as much as dimes — 9.4 cents versus 4.6 cents — despite being worth only half as much.

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