If a coin is minted the material might cost less or more then the monetary value on it how are the governments assigning values to it?

Question

If a coin is minted the material might cost less or more then the monetary value on it how are the governments assigning values to it?

In: Economics

Answer 1

Good answers, here, especially “they don’t.”

I will add that when the value of the material approaches the value of the coin, they will redesign or discontinue it. U.S. pennies used to be copper, and now they are only copper plated.