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The E-Sylum: Volume 10, Number 24, June 17, 2007, Article 33 THE COST OF MAKING COINS: COINFLATION.COM Speaking of cents, Dick Johnson adds: "There is a contest in Washington DC for the funniest federal employee. Here is one entry. At the U.S. Treasury where it costs a cent and a half to make a cent one employee said: 'I work for a nonprofit organization, the U.S. Mint.'" To read the news article, see: Full Story Actually, the price of precious metals used in coins has been coming down, if only a bit. In his Friday blog Dave Harper of Numismatic News wrote: "It was just weeks ago when the prices of copper and nickel combined to make it appear that the metallic value of America's five-cent piece would soon hit 10 cents, or double its face value. "Then a funny thing happened. The prices of the two metals, which are in heavy demand in China, declined, taking the metallic value of the coin to 8.4 cents. "This halt could be temporary. Copper and nickel both jumped yesterday. I make it a point to check a Web site that recalculates the metallic values of coins on a daily basis to keep track of things. It is called COINflation.com. Take a look at it at coinflation.com To read Dave Harper's original blog entry, see: Full Story Martin Purdy forwarded a related newspaper article on the 1970s U.S. coin shortage. He writes: "As a Brit I can't help a slight smile whenever I see people being encouraged to "spend pennies" ..." To read the complete article, see: Full Story Wayne Homren, Editor The Numismatic Bibliomania Society is a non-profit organization promoting numismatic literature. See our web site at coinbooks.org. To submit items for publication in The E-Sylum, write to the Editor at this address: whomren@coinlibrary.com To subscribe go to: https://my.binhost.com/lists/listinfo/esylum | |
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