Say Farewell to Pennies and Nickels!

The New American reported on Thursday, November 29  that TreasurySecretary Timothy Geithner  announced that the U.S. Mint will begin removing pennies and nickels from circulation starting the first of the year, supposedly because they’re too expensive to make. It costs the mint nearly 5 cents to make each penny while it costs more than 16 cents to make a nickel. This is costing the mint a lot of money, an estimated $187 million last year alone.  Read full story…