Avoiding a Meltdown: Managing the Value of Small Change

Avoiding a Meltdown: Managing the Value of Small Change

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To prevent a shortage of small change, the U.S. Dept. of the Treasury recently prohibited the melting and exportation of pennies and other coins. The problem arises because pennies and nickels are made of inappropriately expensive material, and there is or soon will be a profit to be made from transferring their content to alternative uses. The author provides a historical context for the problem of small change and discusses possible remedies. Charts and tables.Value of the smallest circulating coin compared across countries, 2003 0 2 4 6 8 ... Instead of changing the content, New Zealand stopped producing its one-cent and two-cent coins (worth about 0.5 cents and one cent in U.S. currency, anbsp;...

Title:Avoiding a Meltdown: Managing the Value of Small Change
Author: François R. Velde
Publisher:DIANE Publishing - 2008-10

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