Trump goes there.
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Heard an interesting counter argument, this proposal would require us to mint more nickels which apparently cost 13c each or something.
Not sure how it all nets out or if cost really would be why you’d do this anyway, but it seems a valid consideration.
@jon-nyc said in Trump goes there.:
Heard an interesting counter argument
You heard it here at post #21. 555
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https://www.inc.com/steve-strauss/what-the-end-of-the-penny-means-for-business/91149619
Goes into the physiological of pricing.
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I mostly agree with this.
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The whole point of “it costs more to produce than its actual worth” is ridiculous.
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Nickels are more expensive relating to value than any other coin or currency at $.14 per coin. Dimes cost around $.05, Quarters are around $.15, and bills cost between $.03-$.10. So obviously, we should just make the pennies equal $100 and reverse the denominations.
I repeat, this is so stupid.
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I wonder how much that last penny is worth.
