Cryptocurrency Q&A
Why do we not use copper for coins?
Why do we not use copper for coins?
Eleonora
Sun Nov 10 2024
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6 answers
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I'm wondering why copper isn't used for making coins. Is it because of its cost, durability, or some other reason? I'd like to understand the reasons behind this choice of material.
6 answers
Martino
Tue Nov 12 2024
The rationale behind not minting coins from solid silver or gold anymore is applicable to other metals as well.
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Bianca
Tue Nov 12 2024
Copper, for instance, has become too expensive to use for producing pennies.
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DongdaemunTrendsetting
Tue Nov 12 2024
The cost of manufacturing a penny now exceeds its face value.
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GalaxyGlider
Mon Nov 11 2024
Despite this, pennies continue to be in circulation.
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Valeria
Mon Nov 11 2024
This persistence in their use is attributed to a specific economic goal.
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