Are we done with the pennies yet?

[ QUOTE ]

Here's a link I found on google. Somewhat dated, but its what I was referring to. http://www.pennies.org/profit.html

Quote from the site for those that dont want to click:

The importance of preserving the penny goes well beyond high public acceptance and historical significance. The penny makes a profit for the government. It only costs .7 cents to make; consequently, the U.S. Mint receives a .3 cent bonus on each penny produced. This "seignorage" reduces funds the government must borrow to finance the deficit. In the last 15 years, these profits from the penny have earned the Treasury over $500 million.

[/ QUOTE ]

The national debt is 8 trillion dollars. 500 million is 0.00625% of this, and that took 15 years. The profits don't mean squat if you put them in the proper scale. 500 million dollars may be a lot of money to you or me, but to the U.S. government, it is small change.

When I get pennies I just leave them near where I received them. Homeless people follow me around.

[GuyOnTilt]

[ QUOTE ]
This is kind of like having both $5 and $10 value p*ker chips.

[/ QUOTE ]
lol

GoT