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01/21/2021

Liberty Pulse

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America’s Ridiculous Toy Money

1 min read

America’s Ridiculous Toy Money

America’s monetary situation is becoming fairly ridiculous. This Monday, the Wall Street Journal carried “Will Nickel-Free Nickels Make a Dime’s Worth of Difference?” on its front page. The article shares the government’s dilemma that minting each $100 box of nickels costs very close to $200, and that the metal content of the coin is worth more than the face value of 5 cents. The penny, which was already debased from almost 100% copper to 2% copper in 1982 also costs more to mint than its face value. The pre-1982 pennies are now worth over double their face value.

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