US coin production costs vary by coin type. Quarters and dimes cost over 11 cents each, while pennies cost just under 6 cents. The cost of producing a penny has led to debates about eliminating them. Coin costs depend on size and metal market price.
The cost of producing a US coin depends on the specific coin. Quarters and dimes, for example, cost just over 11 cents each to create, and a cent costs just under 6 cents to produce. A penny costs more than double what it is worth to produce, which has led to debates about eliminating them. In 2011, the average cost of earning a cent was 2.41 cents. While U.S. coins are not made from precious metals, the cost for each coin generally depends on the size of the coin and the market price of the metal it is made from. Quarters, dimes, and nickels are made from copper and nickel alloy, and pennies are made from copper-plated zinc.
Read more about US coins:
Gray pennies were made from steel during WWII to conserve copper for the war effort.
The first US coin with the motto “In God We Trust” was a two-cent coin produced from 1864-1873.
The average coin in the United States has an estimated lifespan of around 25 years.
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