Tag: penny
What’s in your pocket? S&T prof explains fluctuating value of metal in coins
Posted by lfeyh on March 12, 2012
Dr. Ronald Kohser has been keeping a close watch on coins during his career. According to Kohser, a professor of metallurgical engineering at Missouri University of Science and Technology, it currently costs the U.S. Mint about 1.7 cents to make a penny and around 7 or 8 cents to make a nickel. The amounts include metal content, tools and dies, and labor.
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