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Why do people waste pennies?

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Beyoncefranklin

Lvl 1
13y ago
Updated: 8/20/2019

because they thimk its worth notihing but if you keep saving them you can get a lot of money.

I have a bin full of pennies and when i cashed it in it was worth 120 dollars!!

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Wiki User

13y ago

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Why are pennies a waste?

Pennies are often considered a waste because their production costs exceed their face value, making them economically unviable. Additionally, the time and resources spent handling and processing pennies can outweigh their utility in transactions, leading to inefficiencies. Many people find them cumbersome and often discard them, further diminishing their practical use. As a result, many countries have phased out or considered eliminating the penny altogether.


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The US has never made silver pennies. It would cost way to much to make silver pennies because of the value of silver. Many people think that in 1943 pennies were made out of silver however they are actually made out of zinc and steel.


Why do some people hoard copper pennies?

The idea is to save copper pennies because their melt value is higher than face value. If the U.S. government eventually makes it legal to melt old pennies, then said hoarders can sell their pennies at a profit.


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What would happen if people didn't waste paper?

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