HC Deb 30 March 1961 vol 637 c1506
19. Mr. Lipton

asked the Chancellor of the Exchequer how much it costs to mint a penny and halfpenny coin, respectively.

Mr. Barber

It would not be in the public interest to disclose these figures.

Mr. Lipton

Is it correct to assume that it costs more than a halfpenny to manufacture a halfpenny and probably about a penny to make a penny? Is it not very strange and most suspicious that the Treasury is not willing to disclose how much it costs to make these coins?

Mr. Barber

No. The answer is a very simple one, namely, that the Mint's foreign competitors do not reveal their production costs, and I therefore do not think that it would be right to expect the Mint to reveal its production costs.