Silver Coins
The Perth Mint of Australia
 

Eliminate the U.S. Penny?

Should small change be eliminated?Take the new two-click poll on the CoinNews website asking that very question (found in the upper right). Surprisingly, at least so far, results have been close to evenly mixed.

Compared to the U.S., interesting and different dynamics are in play with other countries and their small change. Several countries are actually suffering through serious coinage shortages due to hoarding.

Two countries in particular, Argentine and China, have experienced an up tick in entrepreneur-like activity where people find and resell small change - for a profit - to businesses or individuals who are experiencing shortages.

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Lincoln Pennies Should Be Melted; Forget the 5 Years in Jail

Pennies could be melted once again for their composition value, if a lawmaker has his waySo says Democrat Congressman Zack Space of Ohio who’s trying to help a company within his district. The company, Jackson Metals, would melt pennies for their copper content.

Helping businesses is hard to fault. But is newly proposed legislation that would benefit companies like Jackson Metals and change coinage laws the right thing to do? What would Jackson Metals, Rep. Space, the government and taxpayers really get from it?

First, some history…

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