From the USMint website:
Cost to make a penny is 2.41 pennies, Cost to make a nickle is 11.18pennies, Cost to make a Dime is 5.65 pennies...................USMint is Actually making nearlly 100% profit on dimes and losing 100% on nickles and nearlly 150% on Pennies enough said!
They are making 100% profit on dimes!
Pennies after 1982 are mostly zinc. The melt value is half a penny.
Then you have the cost of the energy to melt them down to sell them to a recycler. And if you had an unfortunate schmelting accident, you would probably walk funny, take on a high ptiched accent and be saddled with a slight speech impediment dealing with eshes.
that's interesting. hey dude, how much does the treasury make when they print a 100 dollar bill, and if they actually make money doing it, why not just print a bunch of them and come out of debt?
I doubt that............You really think the government is losing $1.45 just on silver for each time that is made. If the government is putting $1.45 of silver in each dime, then the silver miners should just horde all the dimes and nickles so that they can extract that silver.
The Thomas Amendment was hatched at midnight on April 18, 1933. One of the options of the Thomas Amendment was to authorize the Treasury to purchase the entire output of America's silver mines at approximately $1.25 per ounce and then coin the bullion into circulating money. At the time, the world market price for silver was just $0.35 per ounce, so FDR and Senator Thomas were proposing to monetize silver at 3.5X its market value,,, Crank economics, sure, but it involved the same principle as the money printing under Bernanke, except that the markup on the Fed's coining of digital dollars is nearly infinite. The artificial injection of money into the economy. When will they ever learn? When will they ever learn? The miners and silver speculators realized the Cantillon effect, much like Bernanke's banks...Hang on to those silver dimes...history has a way of repeating itself...
Under the cloak of the Thomas Amendment, was the basis for FDR's gold tampering schemes and his decree in 1934 that gold would henceforth be worth $35.00 per ounce versus the $20.00 per ounce standard that had prevailed since 1832. One hundred years with zero net domestic inflation and the value of gold never varied except during war....Hey, what's a "standard" if one man can change it on a whim or a fancy?