Is This the Age of a New Penny??? (USA)

[puffy]

TheRealMafoo said:

ChichiriMuyo said:

These started popping up awhile ago, and what really bothers me about it is that they haven't gone to steel or aluminum coins for the penny yet.  It doesn't make sense to circulate coins that cost more to make than they are worth.

I think it cost more to make paper money.

A dollar bill cost 5.7 cents to make, and average life in circulation is destroyed is 18 months.

A dollar coin cost 21 cents, and average life of a coin is 30 years.

A penny in 2004 cost .93 cents, so right at the cost.

But the cost of keeping one penny in circulation for 30 years, is .93 cents. The cost of keeping a paper dollar in circulation for 30 years, is $1.14.

So over time, the paper dollar cost more to make then a penny, and cost 5X what a dollar coin cost.

Is paper currency in America still actual paper?