Wednesday, June 28, 2006

Pennies and Nickels Now Cost More Than Their Worth

Andrea Berry reports on ABC News' "The Blotter":

The U.S. Mint says each penny now costs 1.23 cents to produce. It's 5.73 cents for a nickel.

For the first time in history, these coins cost more money than they're worth -- literally. In short, the government is losing money by printing pennies and nickels at all.

More here.


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