March 31, 2012

Re: Dime Ain't Worth A Dime

Patrick Laverty

I certainly didn't think the post about the cost of creating and distributing coins would create such a stir. But that's great, comment away.

In related news, Canada has decided to stop production of their penny.

In an effort to cut costs, the Canadian government released its 2012 budget Thursday without any money designated to fund the Canadian penny.
According to the article, Canada also pays more than one cent to produce each penny, but yet somehow, they still do it for 0.8 cents cheaper than the US, 1.6 to 2.4. Amazing.