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.
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