Quote:
Originally posted by Bring_Back_Shantz@Jan 20 2005, 03:12 PM
I'm not sure I get the whole it costs more than a penny to make a penny. So what. A penny lasts for decades and is circulated thousands of times. It's not like the money spent to make the penny just disappears. I'm sure the net value is still there.
That being said, I wouldn't be too upset if there were no pennies anymore, as I don't usually even take them from the cashier folks anymore.
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Pennies last a long time, but a lot are not being circulated. I bet hundreds for dollars of pennies sit in coin jars just waiting to be rolled. some charities are doing "bring-in-your-penny-jar" fundraisers. Also there is probably anywhere from $50-100 in pennies laying around on the street of any given major city - I remember reading something along the lines of the time it takes for someone to stop, bend down and pick up a penny costs more than the penny is worth.