No more new pennies

[SEWIGuy]

I just don't think that the idea that a coin costs more to create than its value should have any bearing on that decision.

In antiquity, coins were worth their weight in the precious metal they were made of.  This means it cost more to produce them than they were worth:  the metal itself + the cost of production.

Cool.

[kalvado]

I just don't think that the idea that a coin costs more to create than its value should have any bearing on that decision.

In antiquity, coins were worth their weight in the precious metal they were made of.  This means it cost more to produce them than they were worth:  the metal itself + the cost of production.

Cool.

Some wise man choose to issue coins by the piece, but collect them by weight to account for wear and tear of the precious metal. That's how the "pound of sterlings" came to be.

[mgk920]

I just don't think that the idea that a coin costs more to create than its value should have any bearing on that decision.

In antiquity, coins were worth their weight in the precious metal they were made of.  This means it cost more to produce them than they were worth:  the metal itself + the cost of production.

Cool.

Some wise man choose to issue coins by the piece, but collect them by weight to account for wear and tear of the precious metal. That's how the "pound of sterlings" came to be.

such 'discounting' of coin deposits was a major issue in prior centuries.

Mike

[Road Hog]

I'm a manager at my store and every so often I'll unload my car cup holder into the register tills in exchange for a $5 or a $10. Still have coins left over.

I save quarters but use them regularly at the laundromat.