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Source:  Puuikibeach via flickr
Source: Puuikibeach via flickr
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How Much Does It Cost To Make A Penny Or A Nickel? Congress Makes Plans As Production Costs Double

It seems silly and almost like it's the answer to a riddle:  How much does it cost to make a penny?  ...Or a nickel?  With production costs mounting, Congress is re-addressing the issue again - in hopes of finding a economical solution.

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Category: US News Tags: , ,
Source:  yaybiscuits123 via flickr
Source: yaybiscuits123 via flickr
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Say Goodbye To The Canadian Penny

Most Americans are familiar with the Canadian Penny - especially in this part of the country:  They tend to turn up in your loose change at the convenience store and then your bank won't accept them.   New legislation in Canada will reduce the amount of these coins you see.

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Source:  puuikibeach via flickr
Source: puuikibeach via flickr
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U.S. Government To Change Penny And Nickel Coin Composition

With both the 1-cent penny and 5-cent nickel costing more than double it's face value to mint, the United States government is looking to make changes and save some money.
Treasury Secretary Tim Geithner outlined how his department will find savings, including $286 million in the next fiscal year, by changing the materials that go into coins, replacing paper with electronic communications and consolidating internal agencies

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restlessglobetrotter, Getty Images
restlessglobetrotter, Getty Images
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Pennies, Nickels and Dimes, Oh My! Coins on the Rise in the US — Dollars and Sense

Officials at the US Mint have spotted a sign they say is indicative of an improving economy — coin shipments are increasing.

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Category: US News Tags: , ,

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