Here’s a fun way to start your Monday – this sounds like the premise to a Steven Wright joke:
“It costs almost 1.7 cents to make a penny,” said U.S. Mint director Ed Moy.
Each year, the U.S. Mint makes 8 billion pennies, at a cost of $130 million. American taxpayers lose nearly $50 million in the process.
The penny’s not alone. It costs nearly 10 cents to make a nickel.