bohunr
Well-known member
they should print steel pennies with Trumps image on them
heres why
Making pennies out of steel would reduce the raw material cost to well under 1 cent per coin. For comparison, the standard zinc-core penny costs between 3.07 and 3.79 cents to produce and distribute.
The total cost to manufacture a steel penny depends on the exact design and production scale:
• Raw Materials Only: Steel is significantly cheaper than current coinage metals. Steel historically costs roughly $0.36 per pound, compared to zinc at $0.91 to $1.44 per pound and copper at $3.80 to $5.00+ per pound. A blank steel core would cost a fraction of a cent
The "World War II" Method (Zinc-Plated Steel): In 1943, the U.S. Mint briefly produced 100% zinc-coated steel pennies to save copper for the war effort. These cost so little to produce that the government made a large profit on their mintage. However, these pennies frequently rusted when the zinc plating wore off, and they confused the public by looking like dimes
Modern Copper-Plated Steel: To prevent rust and maintain the traditional look, a modern steel penny would likely use a steel core with a thin copper cladding. Metallurgists and economists estimate that even with the copper plating included, the total manufacturing cost would remain safely below 1 cent per coin
Making pennies out of steel would reduce the raw material cost to well under 1 cent per coin. For comparison, the standard zinc-core penny costs between 3.07 and 3.79 cents to produce and distribute.
The total cost to manufacture a steel penny depends on the exact design and production scale:
• Raw Materials Only: Steel is significantly cheaper than current coinage metals. Steel historically costs roughly $0.36 per pound, compared to zinc at $0.91 to $1.44 per pound and copper at $3.80 to $5.00+ per pound. A blank steel core would cost a fraction of a cent
The "World War II" Method (Zinc-Plated Steel): In 1943, the U.S. Mint briefly produced 100% zinc-coated steel pennies to save copper for the war effort. These cost so little to produce that the government made a large profit on their mintage. However, these pennies frequently rusted when the zinc plating wore off, and they confused the public by looking like dimes
Modern Copper-Plated Steel: To prevent rust and maintain the traditional look, a modern steel penny would likely use a steel core with a thin copper cladding. Metallurgists and economists estimate that even with the copper plating included, the total manufacturing cost would remain safely below 1 cent per coin
