a nickel (0.05$) costs 14 pennies (0.14$) to make
this post was submitted on 10 Feb 2025
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there is no way coins are that expensive
So the nickel pays for itself once its changed hands 3 times?
no. physical currencies have a more complex formula on a good "cost vs use" ratio. it's usually many years of use to justify spending any amount of resources on a physical currency, otherwise the currency would collapse under its own weight of having to create itself
What will happen ta all the penny smashing tourist machines.
~~Those were alteady technically illegal because defacing money (even a penny) is a felony.~~ Edit: see below comment
A bunch of them have already swapped out to use penny-sized metal blanks instead.
This isn't true. Defacing money for the purpose of fraud or to melt coins for their metal value is illegal but creating elongated coins is not. Elongated Coin Legality
Oh, interesting, you're correct. I didn't realize 'intent to fraud' was one of the requirements for it to be a felony. I saw one of the machines that uses the metal slugs and assumed they were all switching over because of that.
Dollars are the new cents
Just sweaty ass-pennies from now on.
If pennies were accepted by vending machines, I'd actually spend them more often than saving them up in a giant pickle jar that I take to a coinstar once it's full and get like $10.
Oh thank god. Do like Canada
Is he trying to run afoul of the zink lobby? Those folks go hard.
Those folks go hard.
I would say 2.5 on a scale of 1-10.
spoiler
Yes, I looked up the hardness.
If those people destroy Trump and Elon, I'll be somewhere between love and hate.
Remember, when you see these little nothing "wins" it's just meant to soften you up for a bigger piece of shit you're about to be forced to swallow. Like when a few of the trump supreme court justices pretend to vote on the side of reason to claim they contain multitudes. They [crying] love beer, boofing in the devil's triangle, being under his eye, going on billionaire kompromat vacations and dismantling the society you're trying to care for your family within.
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Let it be known that I'm capable of recognizing a good Trump action, however rare they may be
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I mean, this is actually valid. Pennies cost more than a penny to make. I don't think anyone likes pennies. I wish we'd done this a long time ago; it's not the first time it's been discussed. First thing I've heard of Trump wanting to do that didn't piss me off, to be honest.
Nickels are far more expensive to make compared to face value
Far more? From this article, updated today it says:
According to the latest annual report from the US Mint, each penny cost 3.7 cents to make, including the 3 cents for production costs, and 0.7 cents per coin for administrative and distribution costs. But each nickel costs 13.8 cents.
From this it seems pennys are 50% more expensive to make in comparitive value compared to a nickel.
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