Let’s say you earn $1,000 per paycheck – you want to have all $1,000 of that, don’t you? But unless you use a debit or credit card to make your purchases, cash payments mean you’re going to be left over with a bunch of coins. Many of these will be pennies, and who pays attention [...]
Here’s another example of inflation. When the coins are worth more for their metal value than they are worth as money. It’s already happened with the US pennies produced from 1909-1982. They’re made of 95% copper and worth 117% more than “one cent.” Check it out here.
Needless to say, pennies made after 1982 have been [...]
