This may be the first headline this year that actually makes sense... Or wait no it doesn't make cents
this post was submitted on 10 Feb 2025
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They do know coins aren't single-use, right?
My coffee machine costs more than a Startbucks order, but that doesn't mean it's a bad investment.
Arizona iced tea finally gonna cost a dollar
Copper lobby didn't bribe him enough
even a broken old clock with radium lume that's flaking off and also somehow is both filled with asbestos AND on fire will coincidentally show the correct time twice a day
a nickel (0.05$) costs 14 pennies (0.14$) to make
there is no way coins are that expensive
edit: fuck
So the nickel pays for itself once its changed hands 3 times?
no. physical currencies have a more complex formula on a good "cost vs use" ratio. it's usually many years of use to justify spending any amount of resources on a physical currency, otherwise the currency would collapse under its own weight of having to create itself
He's making an economics joke I believe. Econ 101 was a long time ago, so I could be off the mark here, or misremembering, but I believe money is counted every time it changes hands. Alice buys something from Bob for a nickel, Bob turns right around and purchases something from Alice using that same nickel. The nickel is still only worth 5 cents, but its responsible for 10 cents worth of GDP.
Or maybe not, and I'm REALLY misremembering econ 101.
It’s a slow day in some little town... The sun is hot… the streets are deserted. Times are tough, everybody is in debt, and everybody lives on credit. On this particular day a rich tourist from back west is driving thru town. He stops at the motel and lays a $100 bill on the desk saying he wants to inspect the rooms upstairs in order to pick one to spend the night. As soon as the man walks upstairs, the owner grabs the bill and runs next door to pay his debt to the butcher. The butcher takes the $100 and runs down the street to retire his debt to the pig farmer. The pig farmer takes the $100 and heads off to pay his bill at the feed store. The guy at the Farmer’s Co-op takes the $100 and runs to pay his debt to the local prostitute, who has also been facing hard times and has had to offer her services on credit. She, in a flash rushes to the motel and pays off her room bill with the motel owner. The motel proprietor now places the $100 back on the counter so the rich traveler will not suspect anything. At that moment the traveler comes down the stairs, picks up the $100 bill, states that the rooms are not satisfactory, pockets the money & leaves. NOW,… no one produced anything…and no one earned anything…however the whole town is out of debt and is looking to the future with much optimism.
That version from here: https://www.econlib.org/archives/2012/01/an_answer_to_a.html
Something something velocity of money something I never took econ 101.
What will happen ta all the penny smashing tourist machines.
~~Those were alteady technically illegal because defacing money (even a penny) is a felony.~~ Edit: see below comment
A bunch of them have already swapped out to use penny-sized metal blanks instead.
This isn't true. Defacing money for the purpose of fraud or to melt coins for their metal value is illegal but creating elongated coins is not. Elongated Coin Legality
Oh, interesting, you're correct. I didn't realize 'intent to fraud' was one of the requirements for it to be a felony. I saw one of the machines that uses the metal slugs and assumed they were all switching over because of that.
Oh thank god. Do like Canada
If pennies were accepted by vending machines, I'd actually spend them more often than saving them up in a giant pickle jar that I take to a coinstar once it's full and get like $10.
Dollars are the new cents
Just sweaty ass-pennies from now on.
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