NORTHLAND'S FAVORITE HITS » coins

How Much Does It Cost To Make A Penny Or A Nickel? Congress Makes Plans As Production Costs Double

Steve Tanko — Fri, 21 Dec 2012 14:35:14 +0000

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. A penny costs more than two cents and a nickel costs more than [...]

Say Goodbye To The Canadian Penny

Steve Tanko — Tue, 10 Apr 2012 14:08:08 +0000

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. Starting this fall, our neighbors to [...]

U.S. Government To Change Penny And Nickel Coin Composition

Steve Tanko — Wed, 28 Mar 2012 21:43:15 +0000

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

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

Shauna Wright — Fri, 13 Jan 2012 15:30:18 +0000

Officials at the US Mint have spotted a sign they say is indicative of an improving economy — coin shipments are increasing. US Mint Deputy Director Richard Peterson said that when the economy crashed, “People went into their piggy banks and their coin jars and spent those coins. [They] flowed back into the banks and [...]