Wednesday, June 9, 2010
Price To Make a One Dollar Bill, and Stocks
A one dollar bill costs about 6 or 7 cents to make. In comparison, a one dollar coin costs about 30.4 cents to make. However, it lasts anywhere from 15-25 times as long. The dollar bill lasts anywhere from 12-18 months with constant use. Therefore, a one dollar coin lasts anywhere from 180-450 months. I calculated that last bit, so don't shoot me if I'm wrong. Economically, the dollar coin seems better unless money needs to be made in surplus. Then, after a time, the older dollar bills should be taken from big companies and the materials disassembled and made into new ones while newer bills are given back to the companies.
Dow: -40.73, 9,899.25, -0.41%
Nasdaq: -11.72, 2,158.85, -0.54%
S&P 500: -6.31, 1,055.69, -0.59%