But I’m No Expert

Did you hear? A penny is no longer worth one cent! It’s actually worth 1.73 cents now. At least the metal is, according to the US Mint. The Mint is banning people from melting down pennies and nickels (now worth 8.74 cents) and also exporting either of them in mass quantity.

So, it seems that the Mint is also redoing their formulas to make production of these coins cheaper, but it has to get the updated formulas approved next year by Congress.

I’m kinda wondering how they plan to enforce this kind of thing. Maybe they’ll put RFID chips in every penny and track each one with some killer computer system located in the NSA headquarters. Then when one gets melted, whether accidently or on purpose, they can drop that $10,000 fine on some poor schmuck.

Here’s my solution: do away with both of these ridiculous coins! Make the dime the smallest thing you have to carry in a coin tray and simplify everyone’s lives a little! Then you reduce the size of a quarter a tad, then keep the dollar the same size it is now. Then you only have 3 coins to produce. They could change up the designs every year to commemorate something (see my posting on ridiculous month themes) and businesses, consumers, and beavers would be happier. I don’t know why beavers would be happier; cause I’m no expert!