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If you ran a widget factory, and it cost you 1.62 cents to make a 1 cent widget, you most certainly would not last a hundred years.
Dave? of course you can't mfg a product for 1.62 cents that you are going to sell for 1 cent. But that isn't what happens with the reusable penny. The same penny will be used over and over an exponential amount of times through out the years and the need to mfg more is eliminated or greatly reduced.