To make a penny, it costs the U.S. Mint 1.4 cents. Multiply that by 7 or 8 billion pennies made each year and it comes to a $20 million loss. Since the mint is a money-making operation (it made a $730 million profit in 2005), rising copper prices have Congress considering scrapping the penny altogether. That would force retailers to round prices to the nearest nickel. But the price of nickel is going up, too. What's your solution?
Source: WorldViews blog
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