6 Things You Never Knew About Money

Things You Never Knew About Money pennies

#3. Pennies and nickels aren’t worth the cost
Rising production costs inflate the cost to produce pennies and nickels to where it costs more to produce them than they’re actually worth. However, you probably don’t care about that because you’re most likely ignoring those coins anyway. Taxpayers have lost over US $100,000,000 by overlooking their pennies and nickels, according to a report from The Washington Post. Saving your own pennies and nickels can add up to more than US $500 per year, some experts say. In other words, start digging through those couch cushions on the regular and keeping all coins, not just the quarters.

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#4. Numismatics is the study of money
Studying money isn’t called greed. It’s title: numismatics, and it’s also the study of coins, tokens, currency, and pretty much anything related to cash-money. Their studies expand beyond knowing how many Sacagawea coins are in circulation; they’re also schooled on monetary associations to debt and the exchange of goods.

 

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