Are you a moocher?

Well? What do you do most often?

  • I Give-A-Penny

    Votes: 8 25.8%
  • I Take-A-Penny

    Votes: 4 12.9%
  • I Break-A-Even

    Votes: 6 19.4%
  • DT can't use 'em cuz it violates Mormon law!

    Votes: 13 41.9%

  • Total voters
    31
They are a type of coin that is more valuable as scrap metal than as US currency.

Pennies are coins that are worth $0.01, and cost about $0.0199 each to produce (this is after the composition was changed to make them cheaper). (Minting them destroys about $60 million of value each year.)

Nickels, the $0.05 coins, cost more than $0.11 each to produce.


The lowest denomination coins that it makes any economic sense whatsoever to keep producing are Dimes, the $0.10 coins, which only cost about $5.65 each to produce. Some individuals, particularly members of congress, still have a sentimental attachment to pennies and nickels though.

$5.65 for a $0.10 coin doesn't seem like an economically wise thing.
 
Divide the dollars into tenths insteand of cents and the problem is solved. But you'd ruin a great many songs and proverbs by doing that.
 
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