It’s one of the more inconvenient truths about U.S. currency: It costs more than a penny to make a penny, and more than a nickel to make a nickel. Now, President Obama is trying to get Congress to grant him permission to lower the cost of minting coins. But making a more inexpensive penny won't be easy.
Irony isn't lost on economists; some currency is not worth as much as it costs to make it-not exactly depreciation, however there has to be a better way, and so agrees President Obama.
