This Could Get Interesting
Guess what is going to happen here:
For the first time, the U.S. Mint has said pennies are costing more than 1 cent to make this year, thanks to higher metal prices. "The penny is going to disappear soon unless something changes in the economics of commodities," says Robert Hoge, an expert on North American coins at The American Numismatic Society.
That very idea of spending 1.2 cents to put 1 cent into play strikes many people as "faintly ridiculous," says Jeff Gore, of Elkton, Md., founder of a little group called Citizens for Retiring the Penny.
How long will the Government continue to mint pennies that cost over a penny to mint?
What if it cost more than a dollar to print a dollar?
For the first time, the U.S. Mint has said pennies are costing more than 1 cent to make this year, thanks to higher metal prices. "The penny is going to disappear soon unless something changes in the economics of commodities," says Robert Hoge, an expert on North American coins at The American Numismatic Society.
That very idea of spending 1.2 cents to put 1 cent into play strikes many people as "faintly ridiculous," says Jeff Gore, of Elkton, Md., founder of a little group called Citizens for Retiring the Penny.
How long will the Government continue to mint pennies that cost over a penny to mint?
What if it cost more than a dollar to print a dollar?
posted by David The Hammer at 8:42 PM
0 Comments:
Post a Comment
<< Home