Well-l-l-l... If your pennies had the copper content of those made thirty years ago, their scrap value might be more than $0.02. Alas, some wiseacre at the mint added a bunch of pot metal to the mix so it wouldn't cost the government more than $0.01 to make a penny. Else they would have to eliminate the penny and let the nickel be our smallest coin. Before you cheer, that means that sales taxes would be rounded up to 10% of the purchase. Ain't life grand.
So my two cents would be actually worth $0.02.
ReplyDeleteWell-l-l-l...
ReplyDeleteIf your pennies had the copper content of those made thirty years ago, their scrap value might be more than $0.02. Alas, some wiseacre at the mint added a bunch of pot metal to the mix so it wouldn't cost the government more than $0.01 to make a penny. Else they would have to eliminate the penny and let the nickel be our smallest coin. Before you cheer, that means that sales taxes would be rounded up to 10% of the purchase.
Ain't life grand.
-- ml