Sharply rising prices of metals such as copper and nickel have meant the face value of pennies and nickels are worth less than the material that they are made of, increasing the risk that speculators could melt the coins and sell them for a profit...no more pennies? i could go for that.
The best solution, Velde said, would be to "rebase" the penny by making it worth five cents rather than one cent. Doing so would increase the amount of five-cent coins in circulation and do away with the almost worthless one cent coin...
"History shows that when coins are worth melting, they disappear," Velde wrote.
Sunday, January 28, 2007
all those pennies in your piggy bank could be worth five times more
this article puts a spin on the belief that pennies are not worth much.
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