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RE: Why Don't People Pick Up Pennies?

in #money8 years ago

I'd pick it up if it was pure copper. Copper plated junk ain't worth it. Same for eurocents (copper plated steel).

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yes. I'm surprised they cannot make a cheaper coin. But if it costs 1.7 cents to make, it is another misuse of the American taxpayers money

You only understand the "fail" of government incompetence when the cost of minting money exceeds the face value of the money - even when the material is dirt cheap.

Next step: Order pennies from Chinese subcontractor of the US Mint ahahahaha

In china we trus :) i wouldn't put it past them. I'm not sure how they factor the 1.7 cents in cost. They could hollow out the penny somehow or make it even smaller to cut costs, but i think the penny is soon to go extinct.