Trivia

Hard

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

Nickel
Penny
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

Hard

Which Planet Has Only Orbited The Sun Once Since It Was Discovered?

Trivia

Easy

The First Author To Become A Billionaire Was?

Trivia

Hard

The First Computer Sold Exclusively As A Consumer Product Was The?

Trivia

Hard

Which Country Is Second Only To The United States In Value Of Exported Foods?

Trivia

Hard

Alcohol Sold For Human Consumption In The United States Has Trace Amounts Of?

Trivia

Easy

Early Jetliners Had Frequent Catastrophic Failures Due To?

Trivia

Hard

Modern Arcade Games Evolved From Which Unlikely Ancestor?

Trivia

Hard

Which HTML Tag Was Implemented As A Joke?

Trivia

Hard

Microsoft Once Released An Official Windows Training Video Starring Cast Members From?

Trivia

Hard

In 1983, Which One Of These Product Categories Was Gutted By A Market Crash?