Death to pennies or how can a coin worth less than it’s value [video]

Well, that it interesting. CGP Grey explains how managed the pennies to cost more than their value. Better said, the manufacturing of penny coins costs more than one and a half pennies for each coin. What?!

Something is plain wrong here. Really. Money should have a value. We get this. But if the money cost more to make than they’re worth then why do they even make them in the first place? The bills and coins have to be covered by a reserve, usually in gold, and should not cost more to make them than they’re worth. The video above is mind blowing.

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