Buyoutsidethebox.com is a website dedicated to Creative Consumerism™, which is the art and science of bringing art and fine, handmade things to the doorstep of buyers who enjoy thinking, and thus buying, outside-the-box. Ruth Mitchell, founder of the company, keeps you up to date concerning art, travel and other relevant cultural topics.
Sunday, December 30, 2012
Pennies From Heaven
The government prints a lot of $1 bills. But it turns out that minting $1 coins is much, much cheaper. Over the course of 30 years, the government could save $4.4 billion by switching from dollar bills to dollar coins. Conversely, the cost of making the pennies (1.26 cents each) is higher than face value, and the melt value of pennies ranges from more than 2.4 cents for the pre-1982 copper pennies, to nearly a full cent for the zinc pennies.