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What is a nickel worth? Five cents? What about hundreds of dollars? This year, the United States Mint and the U.S. Federal Reserve are shortchanging the five-cent piece. Usually minting over 1 ...
But there’s a problem with his plan: Phasing out the penny could result in needing to make more nickels, and the US Treasury Department loses far more money on every nickel than it does on every ...
But a resulting shift to nickels, which are more expensive than pennies to produce, could cause other losses in the federal budget. “For far too long the United States has minted pennies which ...
Buffalo nickels are not only nostalgic coins but also potentially worth much more than five cents to rare coin collectors. Designed by Sculptor James Earle Fraser in 1911, they were in circulation ...
The Department of the Treasury is exploring ways to reduce the cost of producing nickels, which cost a pretty penny, ahead of the possible elimination of the iconic Lincoln-faced 1-cent coin.
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