does it really cost 3 cents to make a penny and 7 cents to make a nickel?

Question

i heard that on the radio wondered if its truei searched the web and found a couple different answers though

Answer 1

No it does not.
The NYT's says it costs around 1.4 cents to make a penny which includes .8 cents for the raw materials.

Answer 2

It actual doesn't make experience. little or no contained in the monetary international does. In Britain up till the Nineteen Seventies we had what we now call "previous money" with 240 pennies to the pound. we've one hundred Pennies to the pound, which for years we called "New money" the decimal equipment is a procedures a lot less puzzling than the former equipment we had, in spite of the indisputable fact that human beings concept that they were being finished. the USA of a cent is wisely worth so little, eliminating it may well be an effective ingredient. yet what do you replace it with, a 2 cent coin that expenditures 3 cents to make? i'm surprised that a Nickel expenditures 7.7 cents. in spite of is changed human beings will say they're being finished, Robbed, conspired adverse to. What are you able to purchase for a Cent, no longer some thing likely. the difficulty is each and everything leads to ninety 9, so that you pick the cent to furnish change. perchance area of the answer is each and everything should be bought to the nearest 5 or 10 Cents.

Answer 3

No...It cost 1.3 cents to make a penny with the spike in fuel. Not sure what it costs to make a nickelt but, I'm sure it is less then 5 cents.

Answer 4

1.3 cents to make a penny.

5.4 to make a nickel.

Since the Spring of this year. The Mint was waiting for a price drop before they decided what to do.

Answer 5

I heard it was 1.3 cents to make a penny.