2006-06-12 22:39:48 · 6 answers · asked by nick 2 in Education & Reference ➔ Other - Education
In short, the reason why a penny costs more than a penny to make is inflation. While the cost of copper continues to rise, the value of a penny continues to decline. The same holds true right now for a nickel. In the future, it might well hold true for a dime, but not yet.
2006-06-12 22:54:27 · answer #1 · answered by mebauman 1 · 0⤊ 0⤋
It doesn't. the mint still makes a profit which is about 1/5 of a cent for each penny.
2006-06-13 06:09:14 · answer #2 · answered by sayruhl 1 · 0⤊ 0⤋
Because its not worth anthing, You may think that if this is the case then we would run out of money, but it only costs something like 19p to make a 5 pound note, and the same for 10, 20's, and 50's.
2006-06-13 05:46:43 · answer #3 · answered by Limeyb 2 · 0⤊ 0⤋
You try to make something that can handle the wear and tear and coin has to take for less than a penny.
2006-06-13 05:43:22 · answer #4 · answered by Hillbillies are... 5 · 0⤊ 0⤋
because unfortunately they arent cost effective to produce....but trying to phase a significant part of the currency like that is difficult. If you think about it.....even though they are expensive against their worth we need them in circulation. We use them everyday.
2006-06-13 06:14:52 · answer #5 · answered by bigjimmyguy 4 · 0⤊ 0⤋
becos nothing comes cheap or free in life, even money!
2006-06-13 05:49:27 · answer #6 · answered by bhagyanath 2 · 0⤊ 0⤋