I read sometime in the past week that is costs about 2 cents
to make a penny and about a dime to make a nickel. It got me wondering, are we at a point where
we don’t need to make these pieces of money any more, or should we find a
better more efficient way of making them?
I for one would bet that if we dropped either or both of these iconic
money pieces that prices would go up to the closest dime rather than drop to
the closest multiple of ten. I also
thought if the cost is higher than the value isn’t that for the first time use
then with each use after we split that cost, and eventually it would be
insignificant, right? I also wonder if
the cost of the metal to make the coins is higher than the value of the coin, won’t
that cause hording of the money for the value of the metal. Oh the things I wonder.
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