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Posted: 11:48 AM Feb 16, 2012
Pennies and nickels cost more then they're worth
A penny is worth a cent and a nickel is five cents, right?
Reporter: Associated Press
Email Address: tips@nbc11news.com
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  • by piacarter Location: usa on Feb 19, 2012 at 09:44 PM
    I was browsing other web-pages when I came across here. It has long been common knowledge that it costs over a penny to make a penny and over a nickel to make a nickel. That is why Obama calls for lower cost of making pennies and nickels. The recently submitted “Obama budget” suggests changing the composition to make the two coins more cost effective because it could save $100 million per year! Imagine that! The money saved could be utilized or funded to more important matters. Now, would you want to change the money's composition?
  • by me Location: fruita, co on Feb 16, 2012 at 12:47 PM
    Do your research there is a large profit on other coins. this is another government scare tactic, they still come out ahead in the end. Oh and kkco is was behind this story was on NPR about a month ago.
  • by Eric Location: New Jersey on Feb 16, 2012 at 12:32 PM
    Get rid of the penny and make the nickel out of the same metal formula the penny was made with?
  • by Anonymous on Feb 16, 2012 at 12:25 PM
    Article is incorrect (shocker) pennies made pre 83 are the ones worth around 280% of face value. varies depending on price of copper. Nickels have not changed and are still worth more. And a pre 64 dime will still buy a gallon of gas. The inflation theft/tax by government occurred thru debasement of your money. But they can't debase silver and gold.
  • by Anonymous on Feb 16, 2012 at 11:57 AM
    The make each penny the value of $.024 and make the nickel worth $.112. This would help the people this Government and Federal Reserve caused inflation, (a hidden tax on all of us)
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