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blaze radio network and now chewing the fat with jeff fisher i don't think we should be a cashless society.

However, it may be time to rethink what we're doing as far as cash using money, coins.

I was just reading where in 2024, with the Mint's annual report, every penny cost a relatively whopping

3.69 cents to produce.

Oh, wait, what?

Yeah, the 19th year in a row that the cost of production and distribution has outstripped the actual monetary value of the coin itself.

Now, apparently this started back in 2006 when the mint explained that the increasing price of zinc and nickel was driving the cost of its lowest denomination higher.

Nichols have also managed to escape some of the heat,

but they, we find out now that, because they make fewer of them,

there are also costs to make the nickel. They cost 13.78 cents to make and distribute every

nickel, meaning that there we caught we charge three times more than they're actually worth. Oh wow. Okay, so

dimes, quarters, and 50 cent pieces all cost

less than face value to produce. All right. Maybe it's time that we think about, I don't know,

using some other mineral to make these coins a cheaper mineral? I don't know. Or maybe we just get rid of them all.

I don't, again, I don't want to be a cashless society because we've covered that on the show before.

When you really break it down to a cashless society, you don't want that.

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