The US Mint’s FY ‘24 report is out:
¢3.7 to make ¢1
¢13.8 to make ¢5
Make it make sense
#bitcoin
https://www.usmint.gov/content/dam/usmint/reports/2024-annual-report.pdf
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Replies (4)
My only guess is by keeping two places past the decimal (hundredths) that they can have justification to make quarter dollars which has significant seignorage (-$85mm for ¢1, -$18mm for ¢5, but +$165mm for ¢25)
Making cents make sense makes no sense. Does not making cents make more sense?
Senseless waste.
Sums up the whole US monetary system, not just pennies and nickels.