Trivia

Hard

Which U.S. Coin Is The Most Cost Effective To Mint?

Penny
Nickel
Dime
Quarter

Answer: Quarter

One of the problematic aspects of minting metal currency is the rising cost of the very metals you craft the coins with can (and does) outpace the value of the minted coin itself. While many people are aware that it costs more to mint a penny than the penny is worth (1.8 cents to produce with a face value of 1 cent), it is also cost ineffective to mint a nickel (9.4 cents to produce with a face value of 5 cents).

When we get into dime territory, things start to look more favorable; it costs 4.6 cents to produce a dime but the face value is 10 cents. Quarters are even more practical; it costs a mere 10.5 cents to produce a quarter, but the face value is 25 cents.

So how much money does the U.S. Mint lose in the process of minting pennies and nickels? The rising cost of metals started affecting coin production around 2006 and by 2011, penny and nickel production expenses had reached over 100 million dollars per year.

Trivia

Easy

Which Star Wars Actor Declined Billing As He Felt His Contribution Insignificant?

Trivia

Easy

Which Party Game Got Off The Ground Thanks To A Tonight Show Appearance?

Trivia

Hard

What Sci-Fi Novel Has Appeared On Military Reading Lists The World Over?

Trivia

Very Hard

The World’s Smallest Deer Is The?

Trivia

Very Hard

The First U.S. Domestic Intelligence Agency Was The?

Trivia

Hard

Which Recreational Sport Started As A Form Of Physical Therapy?

Trivia

Hard

During World War II, Which Of These Types Of Correspondence Were Banned To Prevent Spying?

Trivia

Hard

What Was The First Rover To Land On A Celestial Body?

Trivia

Hard

Switzerland Has A Political Party Dedicated To The Elimination Of What?

Trivia

Hard

The Term “Loophole” Used To Refer To An Exploit Has Its Origins In?