makeacake
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November 12, 2015, 09:09:15 PM

That's how fiat money works -- it doesn't matter what the coin is made out of, USD isn't backed by copper. That said, the penny is one coin that actually costs more to make than its face value. It's not made out of zinc because can't afford copper.

Fiat money was not supposed to be backed by precious metals, but then the debasement got so high that they can't even be minted on base metals like nickel and copper.

They are manipulating people perception with the copper plating - a process which adds a lot to the minting cost.

The US mint could use a zinc alloy, and in EU, they could be using a stainless steel alloy, as is, without any plating whatsoever, but they don't. They want people to think their money is copper Wink

Monetary perception is everything for the value of money. Bitcoiners could learn a thing or two from the banksters.

That's just about the craziest thing I've heard today. Most people (other than batshit crazy brokeass goldbugs who can't afford gold) couldn't care less about what pennies are made of. We leave them in 'take it or leave it' penny cups, even panhandlers don't want pennies.
Just how paranoid are you, bro, to think that someone wants to deceive you about the value of pennies?