Van's Views

Real Cost of Making Money / Elon’s Wrong on This One!


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Denomination Estimated Lifespan* Cost to Print
$1 6.6 years 15.4 cents
$5 4.7 years 5.3 cents
$10 5.3 years 5.5 cents
$20 7.8 years 6.0 cents
$50 4.7 years 19.4 cents
$100 23 years 15.4 cents
Coins Estimated Lifespan Costs
Penny 30 years 4 cents
Nickel 30 years 14 cents
Dime 30 years 6 cents
Quarter 30 years 15 cents


The Real Cost of Making Money can't be measured by the Initial Cost of the Coining or Printing, but the True Cost is only measured by the Time what you make is Truly in Service and that far exceeds the Intial Cost as you can clearly see by the Diagram above, so what should We the People Really want done, here's my explanation and Idea to really bring down the Cost and Convenience as well.


A good deal has been said about saving money in making the Penny, well if you look at the Real Cost over they Yrs. of Circulation / Use it's very minimal and suggest rather than Stop making Pennies they might consider bringing back the 500 Dollar Bill and maybe even the Thousand Dollar Bill as it would cut the cost and handling of all the 100 Dollar Bills now needed if you do a Cash Transaction, and yes I realize Nixon Stopped the Printing back in the 70's to make it hard of Drug Dealers etc., however today with all the Electronic Transfers etc. believe it's less effective now than then and this would also save more money than the coins Per Unit.


I'd also like to point out that I do believe the so called refund each of us may get would do less to Lower Inflation than just using those Hundreds of Billions to Pay Down the National Debt which would Lower the Interest Cost we pay every year, and thereby also Lower the Interest Rates on Loans and Even Credit Cards and to Small Business Owners, realize sounds great to get a Refund, but would rather have everything else drop for all of us than just a One Time Check to make us feel good.
God Bless You All; Clair Van Steenwyk

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