The government ran the same scam for years until the coins were worth more melted down. Then they gave you something cheaper.
The government ran the same scam for years until the coins were worth more melted down. Then they gave you something cheaper.
They’re still up to the same shenanigans.
For instance, a pre-1982 penny is made of copper. With copper at $3.16 or so per pound, each of those pennies has 2.16 cents worth of copper in it.
So they started making them out of zinc. I believe each penny now has something like 1.45 cents worth of zinc.
Governments ALWAYS debase money. ALWAYS.
If these folks made a mistake, which I am not convinced yet that they did, it would have been giving the coins a nominal face value of $20.
Had they called it 20 Paulers or anything else, they would be OK.
But hey, we live in a world where the kid working at the drive through at Wendys might take a $3 bill, so there’s the rub!