New math

Just heard on CNBC that four pennies are worth more than a nickel. A nickel is apparently also worth more than a nickel.

Physically worth more, that is. What happens when the material your money is made out of is more valued than the money it represents? I guess we get to find out.



4 Responses to New math

  1. Brian says:

    That’s why they switched from solid copper pennies back in 1983 or 4 or whatsit. I guess we’ve come around to that point again.
    Maybe we should start making our pennies out of aluminum. (That seems familiar for some reason…) Or iron, which I believe is our most plentiful metal? At any rate, it’s only a matter of time before we have to give into inflation and boot small coin currency altogether. Or switch to New Dollars, like New Coke.

  2. Brent says:

    I’ve always been partial to double-dollars ($$), myself. And, yes, aluminum certainly does seem familiar; I think I might have some aluminum coinage somewhere…

  3. Wtf is a double dollar?

  4. Brent says:

    A double-dollar is the unit of currency in the post-apocalyptic world of Trigun. Though I’m not sure what the conversion factor is, I know that Vash the Stampede has a bounty of $$60,000,000,000 on his head — and that everyone agrees that that’s a lot of money.
    Um… practically speaking, though, if we have to jump to a new currency standard… isn’t typing two “$”s so much easier than coming up with some crappy “N$” abbreviation?


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