We all know that old coins can be very valuable and that saving your change adds up. But did you know that minting the low-value currency creates quite a tab for U.S. taxpayers? That’s because the cost to produce pennies and nickels is nearly twice as much as they are actually worth. [More]
First of all, we’re not really friends with the U.S. Mint because it’s not a person and besides, we’ve never met it and thus have no idea if it would even laugh at all our jokes or if it likes a nice glass of wine. Everyone likes money though — unless that money looks funny. Say, a brown nickel? Would that throw you off, would you reject it as a currency? Because the Mint would like to know. [More]
Reader Anthony says he paid for his movie ticket with “$8 and some change.” The transaction resulted in AMC owing Anthony a nickel.
Maybe this is something new that we’re missing out on, but since when is there a “rounding” charge? This restaurant in Brooklyn rounded up $.02 to make this bill an (even?) $22.95. Uh, what? Maybe it’s part of the war on pennies. —MEGHANN MARCO