IMD

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d23d81bdsigned

Since 2006 the US Mint has spent more than one cent to make each one-cent coin. Answer true or false.

Answer

true
since_2006
Interpreted as the Mint reporting the one-cent coin's production unit cost above face value beginning in 2006 and continuing in subsequent fiscal years.
production_cost
The U.S. Mint's per-coin unit cost to produce a circulating one-cent coin, compared with its one-cent face value.
sources
www.usmint.gov, coinnews, 'penny costs 1.82 cents to make in 2017, nickel costs 6.6 cents; us mint realizes $391.5m in seigniorage' (https://coinnews.net/2018/02/26/penny-costs-1-82-cents-to-make-in-2017), reporting us mint fy2017 figures; corroborated by the hustle, 'chump change: us mints lost $69m on pennies last year', congressional research service, penny: history and current status (2022), stating fy2021 was the 16th consecutive year penny production cost exceeded one cent; u.s. mint, penny faqs, reporting current production cost of 3.69 cents per penny (https://www.congress.gov/crs_external_products/if/pdf/if12293/if12293.1.pdf; https://www.usmint.gov/news/media-kit/penny)., crsreports.congress.gov, development.usmint.gov, en.wikipedia.org, fraser.stlouisfed.org, home.treasury.gov, mint cost reporting as covered by fox news, 'cost to make penny now more than a cent due to spiking metal costs', and cnn money, 'penny's new shine', 2006-04-24; us mint estimate of 1.23 cents per penny for fy2006, reputable public reference sources (encyclopaedia britannica, official government/organization records, baseball-reference/mlb, and primary project documentation)., u.s. mint, 2014 alternative metals study phase ii technical report, section 1.3 and figure 1-1: https://fraser.stlouisfed.org/title/biennial-report-congress-required-coin-modernization-oversight-continuity-act-2010-public-law-111-302-9414/2014-biennial-report-congress-687740/content/fulltext/usmint_2014-biennial-report-appendix-4, u.s. mint, 2014 biennial report to congress, appendix 4, alternative metals study phase ii: technical report (2014), https://fraser.stlouisfed.org/title/biennial-report-congress-required-coin-modernization-oversight-continuity-act-2010-public-law-111-302-9414/2014-biennial-report-congress-687740/content/fulltext/usmint_2014-biennial-report-appendix-4 (states that since 2006 the one-cent and five-cent coins have cost more to produce than their face values)., u.s. mint, alternative metals study (2012), section 3.1, states that since 2006 the cost to produce the one-cent coin has exceeded face value: https://www.usmint.gov/content/dam/usmint/reports/ctcr-alternative-metals-study-2012-08-31.pdf, u.s. mint, alternative metals study (2014), appendix 4: https://www.usmint.gov/content/dam/usmint/reports/2014-rd-biennial-report-appendix-4.pdf, u.s. mint, fy 2006 annual report (https://home.treasury.gov/system/files/266/17_mint_cj_gtg.pdf), p. 2, says one-cent coins cost more than face value to manufacture; ap (https://apnews.com/article/cost-of-a-penny-nickel-dime-e38975c6811ad38ac0a986c8fccf3a4a), citing the mint fy 2024 report, says penny unit costs were above face value for 19 consecutive years., u.s. treasury fy2006 mint report, https://home.treasury.gov/system/files/266/01_cj_compiled.pdf (p. 543); u.s. mint/fraser 2014 alternative metals study, https://fraser.stlouisfed.org/title/biennial-report-congress-required-coin-modernization-oversight-continuity-act-2010-9414/2014-biennial-report-congress-687740/content/fulltext/usmint_2014-biennial-report-appendix-4 (sec. 1.3)., us mint 2024 annual report / biennial report to congress on the cost of producing circulating coins, and prior-year equivalents (e.g. fy2006: 1.21 cents per penny; fy2023: 3.07 cents per penny; fy2024: approximately 3.69 cents per penny), consistently showing a unit cost above one cent for every fiscal year since 2006, us mint 2024 biennial report to congress (unit cost and production data for the one-cent coin); us mint annual unit cost figures reported each year since fy2006 (e.g. fy2006 unit cost ~1.21 cents, fy2024 unit cost ~3.69 cents), all exceeding the coin's one-cent face value, us mint annual report to congress and us mint 'cost of producing coins' figures (penny cost reported above 1 cent per coin since 2006), recalled from published mint reports; not fetched or re-verified during this run, us mint annual reports (bienniel/annual cost-per-unit tables for the one-cent coin), fy2006-fy2024, e.g. us mint fy2024 annual report and prior years' reports, consistently reporting unit cost above $0.01 (e.g. fy2006: $1.21 cents, rising to roughly 3.69 cents by fy2024); corroborated by us mint press releases and gao reports on circulating coin production costs., us mint annual reports (bureau of the us department of the treasury), unit cost of production tables for the one-cent coin, fy2006-fy2024: unit cost has exceeded $0.01 every year (e.g. fy2006 ~$1.21 cents, rising to roughly 3-4 cents per coin in later years), confirmed by us mint and gao/congressional reporting on penny production costs., us mint annual reports (fiscal years 2006-2024), biennial report to congress on the cost of producing coins: unit cost of the one-cent coin has exceeded $0.01 in every reported year since fy2006 (e.g. fy2006 ~1.21 cents, rising to roughly 3.5-3.7 cents by fy2023-2024), as also reported by the us mint and covered by reuters/ap news coverage of the treasury's 2025 decision to stop producing pennies., us mint annual reports (fiscal years 2006-2025), 'unit cost of coins produced' tables, published at usmint.gov; the one-cent coin's unit cost has exceeded 1.0 cent in every reported fiscal year since fy2006 (e.g. fy2006: 1.21 cents; fy2024: 3.69 cents), us mint annual reports, 'unit cost of coin production' tables (fy2006 unit cost of the cent was $1.21 per coin i.e. $0.0121, rising to about $0.0369 by fy2023); corroborated by us gao reports on circulating coin costs, which state the cent's unit cost has exceeded one cent every year since 2006., us mint biennial report to congress / annual report on the cost of coin production (unit cost of the one-cent coin), as summarized in us mint press releases and gao/crs reporting on penny production costs, e.g. us mint fy2024 report stating a unit cost of approximately 3.69 cents per penny, consistent with unit cost exceeding 1 cent in every fiscal year since fy2006, us mint biennial report to congress / annual report, 'cost of producing and distributing circulating coins' tables (reported unit cost of the one-cent coin), fiscal years 2006-2024 — all years show a unit cost above $0.01 (e.g. fy2006 ~1.4 cents, fy2024 ~3.69 cents), us mint biennial report to congress / annual report, unit cost of producing and distributing the one-cent coin: fy2006 cost was 1.2 cents (first year exceeding face value), rising to roughly 3.69 cents by fy2024, with every intervening fiscal year's reported unit cost remaining above $0.01., us mint biennial report to congress on the cost and production of coins (annual unit-cost tables, fy2006-fy2024), as summarized by the us mint's public cost-of-coin disclosures; e.g. fy2024 unit cost of a cent reported at 3.69 cents, consistent with every fiscal year since fy2006 (minimum reported unit cost in that span is still above 1 cent, e.g. ~1.26-1.7 cents in the mid-2010s lows)., us mint biennial report to congress on the cost of producing and distributing one-cent and five-cent coins (usmint.gov), which has reported unit cost per penny above $0.01 for every fiscal year since 2006 (e.g. fy2006: $1.21 cents, rising to over 3 cents by fy2023-2024), us mint biennial report to the congress / annual report unit cost of coinage tables (fy2006 onward), as summarized by the us mint and widely reported (e.g. us mint press releases and congressional research service reports on coin production costs), showing the unit cost of the one-cent coin above $0.01 in every fiscal year from 2006 to the present, us mint, biennial report to congress (unit cost tables for the one-cent coin), fy2006-fy2024: unit cost first exceeded 1 cent in fy2006 (~1.2 cents) and has remained above 1 cent every year since, reaching roughly 3.69 cents in fy2024, us mint, biennial report to congress / annual report, unit cost of producing the one-cent coin (penny), fy2006-fy2024; unit cost has exceeded $0.01 every year in that span (e.g. fy2024 unit cost $0.0369), wikipedia, "penny (united states coin)", section "manufacturing costs" (https://en.wikipedia.org/wiki/penny_(united_states_coin)): "since 2006, the mint's costs for cents have exceeded the face value of the coin." its cost table lists the unit cost of a penny above 1.00 cents for every year shown (fy2010 1.79 to fy2024 3.00)., www.congress.gov, www.everycrsreport.com, www.gao.gov, www.govinfo.gov, www.usmint.gov

Work

  1. pinnedblocks 26,115,461 to 26,115,760 to · on Ethereum mainnet
  2. answered144 of 144 agreed140 needed
    #1274truefrom www.usmint.gov
    #126truefrom www.usmint.gov
    #65truefrom www.usmint.gov
    #1794truefrom home.treasury.gov
    #1837true182from coinnews.net
    139 more
  3. signed
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    typed data
    the exact bytes a consumer verifies, as JSON
    attester
    0x5598aa9146215bc13eb26f2c692ad1461fd32982
    signature
    0xfc3aced29c4edb5b5c9740237798a45f23f036f920b7a21ca9c1f6fd41aeae49293444f55828ecc64bdbd9d4a8fec9c74f4a7129f6b38684660c02799ba0f9101b
    signed panel
    144 agreed · quorum 140 · 200 seats
    question hash
    0xfa76e18c32e7c7245ade054d7b7052c3b9f0c8bfbc2682274ed23d499605a957
    answer type
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    none named; signed for the zero address