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Terry Pratchett did a piece on this in his book, "making money". A scam artist was asked to take over the capital city's rotten central bank, which contained t
by roomey 4y ago
Terry Pratchett did a piece on this in his book, "making money".
A scam artist was asked to take over the capital city's rotten central bank, which contained the mint.
He made the point that these little coins cost more to make than they were worth, and what was the point? In this case they had a coin that was a tenth of a penny I think.
Turns out the point was when you didn't have a lot of money, these coins mattered. They could buy you a not so rotten apple core on the right street.
I think the point was; life is a lot different when you are poor, and that's when cents matter.
- thrown_22 4y agoThe penny doesn't really buy you a rotten apple core in the US today.
- VierScar 4y agoWouldn't it be better to not create the pennies in the first place, if they're not worth the metal it's stamped on. And then use the money saved and either give that to the poor or create services for them/donating to not-for-profits
- eloff 4y agoThey don't even matter when you're poor. We got rid of pennies in Canada. Prices are the same, but the final bill at the till is rounded to the nearest nickel. You don't lose anything, just the weight. I'd like to see nickels go away as well. Now that I'm using US currency again the whole penny thing just seems pointless.