The ‘hidden costs’ of striking the Lincoln cent – by Chris Bulfinch (Coin World – May 15, 2019)

https://www.coinworld.com/

Most recent studies suggest that the Lincoln cent is wasteful. Contemporary analyses suggest that it costs several times a cent’s face value to produce, and most consumers find them a nuisance. But is there a hidden cost behind the continued production of the cent? Climate scientists think so.

According to an article published by the Smithsonian and research by students at the University of California Davis, production of the cent produces considerable greenhouse gas emissions and other toxic waste.

The current cent’s alloy, 95 percent zinc plated with 5 percent copper requires mining both materials in massive quantities. Each ton of copper produced releases 2.45 tons of carbon dioxide, one of the gases that causes climate change, and each ton of zinc produced releases .58 tons of the same, according to the scientists.

According to the researchers, given that the U.S. Mint’s annual production of cents requires 21,888 tons of zinc and 562 tons of copper, just the mining of the metals used in cents alone releases an enormous amount of carbon dioxide.

For the rest of this article: https://www.coinworld.com/news/us-coins/2019/05/the-hidden-costs-of-striking-the-cent.all.html

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