4 ms·
> It's a different story if the material value of the metal in the coin exceeds its face value - at that point it makes sense to go to a bank, change money into
by Ferret7446 1y ago
> It's a different story if the material value of the metal in the coin exceeds its face value - at that point it makes sense to go to a bank, change money into pennies, then scrap them and sell the copper. That would be bad.
Well, that is highly illegal and not very profitable vs the amount of risk. You'd be better off doing almost any other crime.
- sayamqazi 1y agoIn my countries a decade or so ago we had a copper coin for roughly 1c. People started hoarding and defacing the coins then selling it as copper scraps. It was so rampant that I think it would have been infeasible to punish eveyrone. So the Govt just discountinued it.