A Penny saved is 1.2 cents in the smelter

23 Apr

What happens if a penny is worth more than a penny?  It's not some philosphical question, but a real problem with the rising cost of metals.  Pennys already cost the mint more to make then they are worth, which suggests they ought to be eliminated already.  However, if people can melt a penny down to make $$$ it could make it even mroe costly for the mint.  Sadly, there doesn't appear to be much they can do about it. Asked about their plans to deal with this eventually, the mint responded such issues were for Congress to decide.  Good Luck!

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