Former U.S. Mint Directors Weigh in on Why
AUSTIN, Texas, Feb. 28, 2023 /PRNewswire/ -- It costs a pretty penny to make the cent coin—in fact, 2.72 cents, according to the U.S. Mint's just-released 2022 annual report. Two former Directors of the United States Mint discuss why keeping the penny makes sense, even though countries such as Canada stopped production of their one-cent coin in 2012.
Watch "In Conversation" here, hosted by Chuck Woolery, as Philip N. Diehl, 35th Director of the U.S. Mint (1994–2000) and President of U.S. Money Reserve, and Edmund C. Moy, 38th Director of the U.S. Mint (2006–2011) and U.S. Money Reserve's Senior IRA Strategist, discuss why we should keep the cent.
Moy said, "With the cost of a penny (and a nickel) far exceeding its face value, the debate on whether to continue making them is heating up. How rare and insightful to have this discussion with my colleague Philip Diehl, both of us have the distinction of serving as Mint Directors." Others have opinions, but these thoughts come right from "the horse's mouth."
Read the full annual report from the United States Mint here.
For more information or to speak with company leadership at U.S. Money Reserve, please contact Christol Farris at 512-568-9991 or [email protected] or visit www.usmoneyreserve.com.
About U.S. Money Reserve
U.S. Money Reserve, America's Gold Authority®, is one of the nation's largest private distributors of U.S. government–issued gold, silver, platinum, and palladium products.
Founded in 2001, U.S. Money Reserve has grown into one of the world's largest private distributors of U.S. and foreign government–issued gold, silver, platinum, and palladium legal-tender products, as well as precious metals IRAs. Hundreds of thousands of clients across the country rely on U.S. Money Reserve to diversify their assets with physical precious metals.
U.S. Money Reserve's uniquely trained team includes coin research and numismatic professionals equipped with the expert market knowledge to find products that offer the highest profit potential for precious metals buyers at every level. U.S. Money Reserve goes above the industry standard to provide superior customer service, with the goal of establishing a long-term relationship with each and every one of its customers. U.S. Money Reserve is based in Austin, Texas.
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Contact: Christol Farris
[email protected]
512-568-9991
Or visit www.usmoneyreserve.com
SOURCE U.S. Money Reserve
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