Re: Today Canada Officially Retires the Penny
and in the US:
The humble penny, which is 2.5 percent copper and the rest zinc, costs 2.41 cents to make. That's up from 1.23 cents in 2006, when the cost of making a penny first crossed the threshold of an actual penny.
The nickel? It now costs 11.18 cents to make that coin -- which is composed of 25 percent nickel and the rest copper -- up from 5.73 cents in 2006.
My Father WAS a Rocket Scientist!