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The US Mint spends over three cents to produce each penny. This is paradoxical because pennies are rarely used, leading to a constant need for new pennies to replace those not in circulation. The sheer volume of existing pennies creates a storage problem, further complicating the issue.
- The US Mint spends 3.07 cents to make each penny.
- Pennies are rarely used and often end up in coin jars or forgotten.
- A sudden influx of pennies into circulation would overwhelm government storage capabilities.
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