3 ms·
Penny is worth less than the metal it’s made out of. coinnews.net/2022/01/18/penny-costs-2-1-cents-to-make-in-2021-nickel-costs-8-52-cents-us-mint-realizes-381
by volemo 3y ago
Penny is worth less than the metal it’s made out of.
coinnews.net/2022/01/18/penny-costs-2-1-cents-to-make-in-2021-nickel-costs-8-52-cents-us-mint-realizes-381-2m-in-seigniorage/
- nullhole 3y ago"How was copper wire invented?" "Two Scotsmen fighting over a penny."
- ThrowawayTestr 3y agoThat joke is a little different in every telling of it I've heard.
- nullhole 3y agoNo true Scotsman, I guess.
- noqc 3y agomanufacturing costs are not just input costs. In fact, the ideal coinage the values ordered: cost to manufacture > fiat value of coin > cost of materials