[ExI] Coins (was: Inevitability of the Singularity)

[john clark]

On Mon, 7/18/11, Kelly Anderson <kellycoinguy at gmail.com> wrote:

>"The seigniorage on a 1 cent piece is just about break even."

I don't know the latest figures but as of 2006 it cost the government 1.75 cents to make each one cent penny coin (even though it is no longer made of copper), and it cost 7 cents to make each 5 cent nickel coin (even though it is no longer made of nickel). The government doesn't know how to make money even when they make money.

  John K Clark





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