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Yeah, the penny thing is annoying. 100 years ago a penny was worth about a dime today. At the very least we should make the nickel the smallest unit.
by pkulak 15y ago
Yeah, the penny thing is annoying. 100 years ago a penny was worth about a dime today. At the very least we should make the nickel the smallest unit.
- fleitz 15y agoSo what you're saying is that the penny got nickel and dime'd to it's current value?
- warfangle 15y agoThe weirdest thing about the penny is that it costs more than one cent to manufacture. Given, they last for quite a while. That's why it's illegal to melt them down, and the US restricts exporting them.
- rkowalick 15y agoAccording to Wikipedia: 1982-present US pennies, which weigh 2.5 grams, are 97.5% zinc and 2.5% copper (coated over the zinc) by weight and have a metallurgical value of 64.376% of the face value So, while the production costs are more than 1 cent, the actual value of the metal inside is still below 1 cent.
- epochwolf 15y agoI think the quarter should be the smallest unit. And phase out dollar bills for coins.