2025-11-13 15:29:11

Fun fact: Uncle Sam just stopped minting pennies. Guess what's next on the chopping block? The nickel.

Here's the kicker—it costs roughly 14 cents to stamp out a coin worth 5 cents. Hardly anyone even uses them anymore. And get this: the metal inside? Worth more than the coin's face value. So what happens? Inflation hawks start hoarding them like they're stacking sats.

We're basically burning taxpayer money to mint something nobody wants. Peak inefficiency.

SATS-0.55%

This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.

6 Likes

Reward
6
7
Repost
Share

Comment

0/400

EternalMiner

· 11-15 03:13

Now it's really burning money in black and white, I don't understand why we continue minting things that no one uses.

View OriginalReply0

UncommonNPC

· 11-14 11:50

Ha, this logic is ridiculous. The cost of minting coins is higher than their face value? Might as well just stop production.

View OriginalReply0

MEVictim

· 11-13 15:49

Haha, this is ridiculous. The cost of minting coins is more expensive than their face value; it would be better to just melt them down and sell the metal.

View OriginalReply0

TokenomicsTherapist