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<p>[QUOTE=&quot;Conder101, post: 26088394, member: 66&quot;]You round after the sales tax is applied and the most it will cost you is 2 cents aand about half the time it will round down and you gain the 2 cents.&nbsp; In the long run it averages out to a net change of 0.</p><p><br /></p><p><br /></p><p>By my calculations it works ot to about 68 tons of copper per billion cents.&nbsp; Until the past two years it has average around 8 billion sent per year so call it 414 tons of copper.&nbsp; No, the copper mining industry isn&#039;t quaking in their boots.</p><p><br /></p><p><br /></p><p>Latest Annual Mint Report puts the cost at 13.7 cents each</p><p><br /></p><p><br /></p><p>And in previous years the mintages have been MUCH higher.&nbsp; Yes they are going someplace, but it is not back into circulation.</p><p><br /></p><p><br /></p><p>During Covid many businesses, especially groceries, were still operating and using coins for making change.&nbsp; Most people take their change home and just toss it into a jar until it adds up and the they deposit it back at the bank where it returns to circulation.&nbsp; But during Covid the banks were either closed completely or at least their lobbies were closed.&nbsp; And you can&#039;t exchange rolls of coins through their pneumatic tube systems.&nbsp; So you had pretty much a strictly one way flow of coins from businesses to the customers.&nbsp; This meant the businesses ran out of coins.&nbsp; They couldn&#039;t get them from the banks, but they could get them from the armored car services...for awhile.&nbsp; The armored car services were also dependent on coins flowing back to them from the banks.&nbsp; For awhile they could get coins from the Federal Reserve stockpiles but those were running out as well.&nbsp; The Fed could get new coins from the Mint, but they were on a reduced work schedule due to Covid.&nbsp; Also when it comes to coins in circulation 90% of them are coins being recirculated, and only 10% comes from newly minted coins.&nbsp; So when the banks losed and cut off most of the recirculated coins we got a coin shortage.</p><p><br /></p><p><br /></p><p>King George VIII didn&#039;t ban them, but he did put a tax on them.&nbsp; With the result that many people bricked up their windows to avoid the tax.[/QUOTE]</p><p><br /></p>

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