The E-Sylum:  Volume 8, Number 52, December 11, 2005, Article 13

2004 MINT REPORT: CENT STATISTICS, NEW COINAGE MATERIAL STUDY

Regarding the "Penny Pro & Con" article Dick Johnson
pointed out last week, Kavan Ratnatunga writes: "That
debate used some totally out dated statistics. The
latest U.S. Mint report states that it cost 0.98 cents
in 2003 and 0.93 cents in 2004 to mint a penny, not the
0.72 mentioned in that pro article.
Mint Annual Report

Interestingly, the 2004 report also mentions a new coinage
material study:  "The first comprehensive coinage material
study for circulating coins was started this fiscal year.
The objective is to review and consider cost effective
alternative materials for current and future coin denominations.
Initially targeting single layer materials for cent and nickel,
the study will expand to look at alternatives to the clad
materials used on higher denominations. The study is in the
early stages with results made available after summarizing
tests are performed on all materials."

  Wayne Homren, Editor

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