
Do away with the penny?
Moderator: Aitrus
Re: Do away with the penny?
I bet I put more copper in wiring in a single building than a whole year worth of penny minting consumes. I think they are only made of 2% copper... it may be propping up the zinc market though
... and yeah unfortunately 118M might seem like a lot to us but it isn't... the war will blow through that in about an hour... 118M is about 3 thousandths of one percent of our yearly budget. They would probably spend ten times that doing a study on whether or not they should discontinue the penny.

Fund Prices2022-08-18
Fund | Price | Day | YTD |
G | $17.00 | 0.01% | 1.56% |
F | $19.04 | 0.12% | -8.83% |
C | $65.31 | 0.24% | -9.23% |
S | $70.24 | 0.46% | -15.82% |
I | $33.59 | -0.29% | -14.83% |
L2065 | $13.10 | 0.09% | -11.96% |
L2060 | $13.10 | 0.09% | -11.95% |
L2055 | $13.11 | 0.09% | -11.94% |
L2050 | $26.96 | 0.08% | -10.22% |
L2045 | $12.37 | 0.08% | -9.53% |
L2040 | $45.43 | 0.07% | -8.77% |
L2035 | $12.08 | 0.07% | -7.94% |
L2030 | $40.50 | 0.06% | -7.05% |
L2025 | $11.67 | 0.05% | -4.74% |
Linc | $23.00 | 0.03% | -2.07% |