![]() Mint report.Ī quarter cost about eight and a half cents to produce in 2020 it cost just under eleven cents in 2022. In total, the mint records net gains of around $1.3 million on the dimes and quarters it produces, while losing about $400,000 on pennies and nickels each day the facility is active.Īlthough the mint is in the black for now, the cost to produce the higher-value coins is also going up, and profit margins have been shrinking, according to the U.S. Fortunately, the mint produces approximately $750,000 worth of dimes per day, which cost $377,250 to produce, and $1.65 million worth of quarters, at a cost of $732,000. That means that as of last year, the downtown facility has been losing approximately $206,400 a day on pennies and $207,744 on nickels. Twelve million of those coins are pennies and 3.84 million are nickels. The Denver Mint produces "approximately thirty million coins per day," says Jennifer DeBroekert, chief of public affairs for the manufacturer. The facilities primarily make their money by selling the coins they produce at face value to the Federal Reserve, according to the U.S. The cost to produce both pennies and nickels is now more than double what each of those coins is actually worth, thanks to inflation, which is driving up the price of materials.Ī recent United States Mint report outlining the skyrocketing costs says it now takes nearly three pennies to make just one - and more than ten cents to make a nickel.ĭenver is home to one of the country's four coin-producing mints, each of which receives no federal or state funding, notes the mint's official website. Making cents just doesn't make sense anymore. ![]()
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