my parent's town manufactures the U.S. penny, but like you're highlighting I'd say it's a loss leader or prestige contract because they also have to manufacture the Philipino Peso to remain profitable... I think they do other stuff too...
Interesting article.. Some takeaways..
- Yellen could unilaterally end new penny production, but wont
- Costs of trucking around pennies, and touchpoints in circular supply chain are more than I thought.
- Most of todays pennies in circulation are happening thanks to Coinstar, vs new coins from the mint
https://dnyuz.com/2024/09/01/america-must-free-itself-from-the-tyranny-of-the-penny/
#coins #money
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