Don’t save your pennies
May 7th, 2008 by 
Alica
There is an article in today’s Argus Leader (page 7A) that says Congress is trying to bring back the steel-made pennis of World War II and may be using steel for nickels too.
Why? Because it costs more than a penny – 1.26 cents – to make a penny. And it costs 7.5 cents to make a nickel. Every time the government makes these coins, it loses money.
Yet, I know many people who have a jar of pennies in their house.
Get those pennies back in circulation. Use them when you make purchases. Or just take them to the bank and have them replaced with folding money. If everyone kept pennies in circulation, the government would not have to consider making them out of steel. If everyone kept pennis in circulation, the government even might not have to make any more pennies.
Do you keep pennies or other coins in a jar, box, bowl, etc.?
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