15 February 2012 5:08 pm

Monitoring project costs. A penny saved is a penny earned. Or is it?

I recently read an article where it described the U.S. Mint’s challenge in producing pennies and nickels at a cost more than their actual value.  In 2011 it cost the US Mint 2.4 Cents to produce a penny and 11.2 cents for every nickel produced.  I guess the old adage “A penny saved is a penny earned” does not apply to the US Mint.  Ironically, every penny has put the Mint 1.4 pennies in the hole.