Sunday, January 8, 2012

TIL That in 2011 it cost 2.41 cents to make a Penny and 11.18 cents to make a Nickel.

Click here for the full story. Insane that we lose money while forging money - Time to get rid of the penny, nickel, and dime. Will consumers lose more money b/c of this fact? Probably.

The government will probably discontinue the penny and nickel (and most likely dime) within the next few years, and force businesses to round up/down based on the price of the bill. Most businesses will adjust their pricing for one-off items (say for example, a sub at subway) so that after taxes the total is shown in their favor. One extra way to screw us out of money - This isn't a complaint, just a fact.

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