Should You Melt Down Pennies for Profit? Not U.S. Pennies, But...
A penny, on its face, is worth one cent. But melted down for the copper it contains, it could be worth quite a bit more. So why not mine our piggy banks for metal?
A penny, on its face, is worth one cent. But melted down for the copper it contains, it could be worth quite a bit more. So why not mine our piggy banks for metal?
According to the nonpartisan Government Accountability Office, if America gets rid of its $1 bill and replaces it with a dollar coin, the U.S. will save $5.5 billion on printing costs over the next 30 years. That's a whole lot of dollars.
Everyone now knows the federal government is about to run up against its limit for borrowing money, but everyone also knows that governments can -- and do -- just print the stuff. Washington owns the Bureau of Engraving and Printing. Could the way to sidestep this looming crisis be just making more money?



