Will nickels and pennies soon disappear?

posted by
December 13, 2011
Ludwig von Mises Institute
by James E. Miller  
Posted in Commentary

"Due to their copper content (nickels minted between 1946 and 2011 are composed of 75 percent copper and pennies minted between 1909 and 1982 are composed of 95 percent copper), both coins have a higher value as metal than as legal tender. The irony in the government banning the melting of its own issued currency lies in the fact that its own actions contribute to the higher price of copper." (12/13/11)


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