Pennies are worth more by the pound than they are worth as pennies. Now they have made a law prohibiting people from melting down pennies and selling the copper. Tough penelty if cought.
Why not just stop making the darn things gecause it is selodom we even need them?
2006-12-17 21:07:26 · 10 answers · asked by Anonymous in Politics & Government ➔ Law & Ethics
Who said pennies are not made of copper? Try agaon.
It is the same with the nickel. the metal is worth more than the coin.
2006-12-17 21:21:51 · update #1
sorry out there, I would not trust wikipedia for any answer if I was looking for the truth. I am not saying it is lies I am saying much of it is not factual so how to believe any of it. Go to other sources to varafy.
2006-12-18 01:18:08 · update #2
I do tend to agree that the news story about making it ilegal to melt down pennies and nickels might be in error. Again it is very difficult to sort the truth from fiction. Yes it was on Yahoo news.
2006-12-18 01:20:26 · update #3
I need the pennies for my piggy bank. Its a cute little fat pig and says OINK! when I pull its tail. My piggy bank is happy when she has a belly full of pennies, then I roll them up, take them to a bank, and buy candy. I like pennies.
2006-12-17 21:21:04 · answer #1 · answered by Yawn Gnome 7 · 1⤊ 0⤋
You must be mistaken. No state in history ever made coins worth more as bullion that their facial value (or that stopped real quick when they disappeared from circulation).
To boot, modern coins made from base metal have a lower material to facial value ratio than any other form of currency in history save paper. BTW, modern pence are not copper, but copper plated steel.
You either make a mistake as to the precise composition of pence, or are putting up that question in bad faith.
2006-12-18 00:13:48 · answer #2 · answered by Svartalf 6 · 0⤊ 0⤋
well to us a penny is hardly worth anything but what about the stock market, or large corporation transaction where that penny is trillions of dollrs because it's such on a large scale. and if they round up or down just multiply that by 5X. in the short run it's costly but the gov't is looking at this in the long run where they can't afford to stop making pennies.
2006-12-17 21:10:57 · answer #3 · answered by Anonymous · 0⤊ 0⤋
Pennies haven't been made of copper since the 70's
2006-12-17 21:11:05 · answer #4 · answered by Anonymous · 0⤊ 0⤋
Simple - it's to ensure that shop assitants have something to count at the end of the working day - otherwise they might be able to go home a full half hour earlier and what would happen to the economy then?
2006-12-17 21:17:07 · answer #5 · answered by nkellingley@btinternet.com 5 · 0⤊ 0⤋
because if you did not have pennies how could you pay your 7 or 12 or 17 % taxes when you are buying your cheap chinese product wogmart junk..
2006-12-17 21:17:51 · answer #6 · answered by Barabas 5 · 0⤊ 0⤋
Pennies from heaven.
2006-12-17 21:10:55 · answer #7 · answered by Anonymous · 0⤊ 0⤋
i agree - i think they sould stop making all change and just use bills. i hate change sometimes i just throw it away so i dont have to be bothered. what can you buy with a penny anyway?
2006-12-18 00:57:25 · answer #8 · answered by anitaeric2004 2 · 0⤊ 1⤋
ok. lets just get rid of the hundredths digits in all of our prices nation wide.
2006-12-17 21:11:14 · answer #9 · answered by alter ego 2 · 1⤊ 0⤋
Because a change is good.
2006-12-17 21:16:18 · answer #10 · answered by Wiseguy 3 · 1⤊ 0⤋